Melrose, MA

Melrose MA Homes Under $500K

11Results

Scroll down to find all homes priced under $500k for sale in Melrose.  Contact Better Homes and Gardens Real Estate The Shanahan Group with any questions or to schedule a private showing. Sign up to save your favorite properties and be notified when similar listings become available. 

Newest
New Listing
185 Essex Street Melrose MA 02176

$499,900

Melrose, MA

185 Essex Street, Unit 1A

  • 1 Bed
  • 1 Bath
  • 1,059 SqFt
  • Cedar Crossing Condominium Unit Name
  • 6 Days on Market
MLS#: 73528986
New Listing

$315,000

Melrose, MA

Melrose Highlands

43-51 Albion Street, Unit C9

  • 1 Bed
  • 1 Bath
  • 533 SqFt
  • Villa Cordoba Unit Name
  • 12 Days on Market
MLS#: 73525449
New Listing

$449,900

Melrose, MA

2 Grove Place

  • 2 Beds
  • 1 Bath
  • 0.04 Acres
  • 584 SqFt
  • 13 Days on Market
MLS#: 73525160
New Listing

$239,900

Melrose, MA

340 Main Street, Unit 606

  • 1 Bath
  • 290 SqFt
  • Melrose Place Unit Name
  • 13 Days on Market
MLS#: 73524877
New Listing

$389,900

Melrose, MA

26 W Wyoming Avenue, Unit 2D

  • 1 Bed
  • 1 Bath
  • 624 SqFt
  • Mark Seven Melrose Condominium Unit Name
  • 14 Days on Market
MLS#: 73524322
New Listing

$499,000

Melrose, MA

Melrose Highlands

53 Melrose Street, Unit 5H

  • 2 Beds
  • 1 Bath
  • 1,080 SqFt
  • 22 Days on Market
MLS#: 73520798

$479,900

Melrose, MA

Melrose Highlands

601 Franklin Street, Unit 2

  • 3 Beds
  • 1 Bath
  • 1,330 SqFt
  • Undercliff Terrace Condominiums Unit Name
  • 34 Days on Market
MLS#: 73513959

$440,000

Melrose, MA

53 Melrose Street, Unit 2B

  • 2 Beds
  • 1 Bath
  • 1,080 SqFt
  • Melrose Towers Unit Name
  • 62 Days on Market
MLS#: 73498177

$379,000

Melrose, MA

534 Main Street, Unit 11

  • 1 Bed
  • 1 Bath
  • 543 SqFt
  • Essex Condominum Unit Name
  • 91 Days on Market
MLS#: 73484849

$389,000

Melrose, MA

51 Melrose Street, Unit 1A

  • 1 Bed
  • 1 Bath
  • 818 SqFt
  • Melrose Towers Condominium Unit Name
  • 118 Days on Market
MLS#: 73476247
Active Under Contract

$424,900

Melrose, MA

51 Melrose Street, Unit 1C

  • 1 Bed
  • 1 Bath
  • 909 SqFt
  • Melrose Towers Unit Name
  • 223 Days on Market
MLS#: 73449223

Melrose MA Homes for Sale Under $500K

Homes under $500,000 in Melrose are limited but may include smaller single-family homes, condos, or townhouses with efficient layouts. These properties often appeal to first-time buyers or those looking to downsize within reach of Boston. Buyers may need to consider light updates or renovations. Proximity to public transit and local amenities adds value even in more compact options. You may also be interested in viewing all homes in Melrose.

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