283 Melrose Street, Newton, MA 02466
283 Melrose Street, Newton, MA 02466
283 Melrose Street, Newton, MA 02466
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Caitlin Unger

Caitlin Unger

+1(617) 522-2421
$8,999,000
Est. payment /mo
1.01 Acres Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Up/Down

Listing Status Active

Purchase Type For Sale

MLS Listing ID 73506946

Year Built 2020

Tax Year 2025

Lot Size 1.010 Acres

Acres 1.01

Property Sub-Type 5+ Family - 5+ Units Up/Down

Property Description

**Rare By-Right Opportunity** This is a Broker marketed sale by Trustee and authorized by bankruptcy court. Sale by order and Trustee deed but otherwise as is, where is. Will sell with clear title, marketable insurance and free of liens and encumbrances. Stalking Horse bidder will receive overbid protection of up to five (5%) percent. Stalking Horse offers due by May 11, 2026. 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 4 stories with tight setbacks. This is a unique opportunity, don't miss out!

Location

State MA

County Middlesex

Area Auburndale

Zoning VC2 or MR1

Direction Auburn or Comm Ave to Melrose

Exterior

Community Features Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University

Waterfront Description River,1/10 to 3/10 To Beach,Beach Ownership(Public)

Garage No

Building

Lot Description Corner Lot, Level

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Schools

Elementary Schools Williams

Middle Schools Brown

High Schools South

Others

Senior Community false

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Listed by Coldwell Banker Realty - Newton

LOCATION

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283 Melrose Street

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Caitlin Unger
Caitlin Unger

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+1(617) 522-2421

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