Offered at $2,400,000Pending

beds: —
baths: —
sq ft: —
Built: —

236-238 Main Street

About this home

REDEVELOPMENT OPPORTUNITY! This home is being offered in connection with the sale of 244 Main Street. Combining both lots will create a 31,737sqft lot. Under special permitting by the city that would allow the possibility for 9 units to be built, if not more. Seller makes no representations as to the cities willingness to grant such special permit and makes no warranties about the potential highest and best use. All due diligence is the buyer's/buyer's agents responsibility. On the MBTA bus line, Commuter Rail a short walk, as well as Downtown Melrose. Lot boundaries drawn in photos are approximate and for reference only.

Listing last checked: October 30, 2026 at 9:40 AM EDTListing updated: December 10, 2025 at 3:05 AM EST

Listed by Kevin Sexton · William Raveis R.E. & Home Services · MLS #73443401

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Details at a glance

Interior1 property facts

Basement: Not reported

Building1 property facts

Style: Residential

Land & utilities5 property facts

Lot size: 0.3 acres
Water: Public, On-Site
Sewer: Private Sewer, On-Site
Pool: Not reported
Zoning: URB

Financial2 property facts

Annual taxes: $9,330
Assessment year: 2025

Location

Estimated monthly cost

Explore costs at the $2,400,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$12,913 / monthAdjust

Down payment (%)Interest rate (%)Loan termMonthly property tax ($)Monthly insurance ($)Monthly HOA ($)

Principal & interest: $12,136
Property tax: $778
Insurance: Not entered
HOA: Not entered

Listing annual taxes: $9,330. 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 $2,512,493

Estimated range $2,049,283–$2,975,702.

Automated estimates are not appraisals or guarantees of market value.

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About 236-238 Main Street

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Request a tour of 236-238 Main Street and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.

Bean Group · eXp Realty

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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