About this home
Two-family home at 131 Altamont Ave in Melrose, Massachusetts, offering 6 bedrooms, 2 bathrooms, and 2,800+ square feet across two units with great bones and strong renovation potential. Each unit features its own separate systems, hardwood flooring throughout most of the home, and high ceilings that add volume and light to both living spaces. Every unit also includes its own private deck, providing separate outdoor space for both households. Two separate driveways offer off-street parking for up to two cars per unit — a valuable feature in Melrose. The home needs updating throughout, making it well-suited for an owner-occupant or investor looking to build equity through renovation. Located on a street surrounded by luxury single-family homes in one of Melrose's most desirable neighborhoods, this 2,800+ square-foot two-family sits in a thriving Massachusetts market with strong long-term upside. A rare opportunity to reimagine 6 bedrooms and 2 baths across two units in a premier Melrose location.
Listing last checked: Listing updated:
Listed by The Bill Butler Group · Leading Edge Real Estate · MLS #73579211
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Details at a glance
Interior5 property facts
- Rooms
- 11
- Heating
- Forced Air, Electric, Oil
- Cooling
- Window Unit(s)
- Flooring
- Wood, Carpet, Hardwood
- Basement
- Yes · Full, Unfinished
Building5 property facts
- Style
- 2 Family - 2 Units Up/Down
- Year built
- 1884
- Parking
- 4
- Foundation
- Stone
- Roof
- Asphalt/Composition Shingles
Land & utilities5 property facts
- Lot size
- 0.27 acres
- Water
- Public
- Sewer
- Public Sewer
- Pool
- Not reported
- Zoning
- SRB
Financial2 property facts
- Annual taxes
- $10,502
- Assessment year
- 2026
Location
Estimated monthly cost
Explore costs at the $899,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$5,421 / monthAdjust
- Principal & interest
- $4,546
- Property tax
- $875
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $10,502. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
More property insights
Automated value estimate $1,059,542
Estimated range $983,720–$1,135,364.
Automated estimates are not appraisals or guarantees of market value.
Request a professional market analysisPhoto-based condition insights
Overall presentation: average
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About 131 Altamont Ave
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