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283 Melrose Street

Newton, MA 02466
  • $14,995,000
  • STATUS: Active
  • MLS #: 73487467
UPDATED: 41 min ago
$14,995,000
  • 0
    BEDS
  • 1.01
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2020
County:
Area:

School Information

Elementary School:
Middle School:
High School:
Listing courtesy of Ward Shifman of Coldwell Banker Realty - Newton.

Description

**Rare By-Right Opportunity** - Set in the heart of Auburndale Village, this site offers approximately 43,783 ± sq ft of VC2-zoned land steps to village shops and a short distance to the Commuter Rail. The newly created VC2 district is designed to encourage housing and mixed-use density in Newton’s village centers - making this one of the rare, well-located sites positioned to capitalize on that vision. The property presents multiple paths for value creation, including the potential to sub-divide the lot and pursue multiple buildings up to 3.5 stories with tight setbacks. With two existing condemned structures on site, the offering is being marketed as land for redevelopment. This is a unique opportunity to deliver much-needed residential or mixed-use product in a walkable, transit-served location - an ideal canvas for modern village-center living. Renderings for marketing purposes only; no representations are made. Inquire with agent regarding Solar Panel lease buyout.

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing 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 or leasing. 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 set forth herein. Data last updated 2026-04-15T18:05:28.59.
www.c21revolution.com/homes/174167545
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283 Melrose Street Newton, MA 02466

  • Price: $14,995,000
  • Status: Active
  • On Site: Days
  • Updated: 41 min ago
  • MLS #: 73487467
0
Beds
0
Baths
0
½ Baths
1.01
Acres
2020
Built
Neighborhood:
Auburndale
County:
Middlesex
Area:
Auburndale
Elementary School:
Williams
Middle School:
Brown
High School:
South
Property Description
**Rare By-Right Opportunity** - Set in the heart of Auburndale Village, this site offers approximately 43,783 ± sq ft of VC2-zoned land steps to village shops and a short distance to the Commuter Rail. The newly created VC2 district is designed to encourage housing and mixed-use density in Newton’s village centers - making this one of the rare, well-located sites positioned to capitalize on that vision. The property presents multiple paths for value creation, including the potential to sub-divide the lot and pursue multiple buildings up to 3.5 stories with tight setbacks. With two existing condemned structures on site, the offering is being marketed as land for redevelopment. This is a unique opportunity to deliver much-needed residential or mixed-use product in a walkable, transit-served location - an ideal canvas for modern village-center living. Renderings for marketing purposes only; no representations are made. Inquire with agent regarding Solar Panel lease buyout.
Exterior Features

Covered Spaces 0 Garage YN No Levels 0 Lot Features Corner LotLevel Parking Total 0 Spa YN No Waterfront Features River1/10 to 3/10 To BeachBeach Ownership(Public) Waterfront YN No

Interior Features

Building Area Total 0 Fireplace YN No Fireplaces Total 0 Foundation Details Concrete Perimeter Lead Paint Unknown Rooms Total 0

Property Features

Community Features Public TransportationShoppingPoolTennis Court(s)ParkWalk/Jog TrailsGolfMedical FacilityBike PathConservation AreaHighway AccessHouse of WorshipPrivate SchoolPublic SchoolT-StationUniversity Disclosures Buyer to perform its own due diligence regarding zoningsubdivision feasibilitydimensional standardspermitting& all municipal approvals. Active Chapter 11 case. Sale subject to Bankruptcy Court approval & procedures (including higher/better offers). Closing subject to court scheduling. Home Warranty YN No Property Sub Type 5+ Family - 5+ Units Up/Down Senior Community YN No Sewer Public Sewer Tax Annual Amount 0 Tax Year 2025 Total Actual Rent 0 Water Source Public Year Built Details Actual Zoning VC2 or MR1

Listing information © 2026 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Ward Shifman of Coldwell Banker Realty - Newton: 617-969-2447.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing 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 or leasing. 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 set forth herein. Data last updated 2026-04-15T18:05:28.59.
 
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CENTURY 21 Revolution
625 Massachusetts Ave, 2nd Floor
Cambridge MA, 02139
Listing courtesy of Ward Shifman of Coldwell Banker Realty - Newton.