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.

Facts and features

Schools

• Melrose High School

  high · 9-12 · 1.4 mi

  10

• Melrose Middle School

  middle · 6-8 · 1.4 mi

  6

• Winthrop Elementary School

  elementary · K-5 · 0.6 mi

  9

• Christian Learning Center

  elementary · K-4 · 1.1 mi

• Hoover Elementary School

  elementary · K-5 · 0.9 mi

  8

• Horace Mann Elementary School

  elementary · K-5 · 1.1 mi

  10

Price history

• Oct 9, 2026 · Price Changed$899,000
• Sep 17, 2026 · Listed$999,000

Tax history

• 2026$10,502 tax · $915,600 assessed
• 2025$8,872 tax · $896,200 assessed
• 2024$8,689 tax · $875,000 assessed
• 2023$8,441 tax · $810,100 assessed
• 2022$8,132 tax · $769,300 assessed
• 2021$7,597 tax · $693,800 assessed
• 2020$7,623 tax · $689,900 assessed
• 2019$6,929 tax · $641,000 assessed

Home value

$989,000

• Collateral Analytics$989,000
• Quantarium$886,482
• Cotality$1,020,400

Where it is