Melrose Homes under $400,000

Welcome to Melrose, a charming city that beautifully blends small-town warmth with modern convenience. Nestled in the heart of Massachusetts, Melrose is known for its vibrant community, picturesque parks, and a rich history that dates back to the 17th century. With its tree-lined streets and friendly neighborhoods, Melrose offers residents a delightful quality of life that’s hard to resist.

For those seeking affordable housing options without compromising on charm, Melrose has an array of homes available for under $400,000. These properties provide an excellent opportunity for first-time buyers, families, or anyone looking to invest in a welcoming community. You can find cozy single-family homes with character, as well as quaint townhouses that are perfect for those who prefer a low-maintenance lifestyle.

Many of these homes boast beautiful gardens, updated interiors, and proximity to local amenities, including shops, restaurants, and schools. The city’s strong sense of community is evident in its many events, from farmers' markets to seasonal festivals, making it easy to connect with neighbors and enjoy all that Melrose has to offer.

Additionally, Melrose is conveniently located just a short commute from downtown Boston, allowing residents to enjoy the vibrant city life while retreating to their peaceful suburban haven. With its affordability, community spirit, and prime location, Melrose is truly a hidden gem in the real estate market. Discover your dream home in Melrose today and be part of this enchanting city!

Newest Melrose Homes under $400,000

$249,900

3 Beds ⋅ 1 Baths ⋅ 7157202 MLS

Impressive home with countless updates on 3 city lots offering plenty space for games and fun and featuring a large pole shed to accommodate all your hobbies and storage needs. You will appreciate the spacious floorplan featuring a large kitchen with center island, formal dining room, family room, sitting room, full bathroom, laundry room, and primary bedroom all on the main floor for convenience of one level living. Upper-level features two additional bedrooms and unfinished basement is ideal for additional storage. You will appreciate the many updates over the years including electrical panel, vinyl windows and siding, shingles, nearly entire home was gutted to the studs in 2008-2009 with upgraded insulation, sheetrock, plumbing, kitchen, bathroom, and more. One of the best lots in town with mature trees and privacy you have to see to appreciate. The 26x36 cemented steel shed can be used as a garage, storage, workshop, mancave, or whatever hobbies you enjoy. Come check out this beautiful property today!!

418 1st Avenue SW, Melrose

Listing courtesy of Central MN Realty LLC.

$300,000

5 Beds ⋅ 2 Baths ⋅ 7157648 MLS

A wooded .85-acre setting along the Sauk River gives this 5-bedroom rambler a sense of space both inside and out. Fresh paint and all new carpet create an updated feel throughout, while the large main-level living room is filled with natural light. The spacious kitchen offers plenty of room for cooking, gathering, and everyday use, with three bedrooms also located on the main level. Downstairs, the walk-out lower level adds two additional bedrooms, a dedicated office, and a massive storage room. Off the back of the home, a deck with stairs provides easy access to the private backyard, where mature trees create a well-established setting. The attached 2-car garage is heated and insulated for added year-round use. A brand-new water heater and a furnace installed in 2025 add two more notable updates.

34 5th Street NW, Melrose

Listing courtesy of Kris Lindahl Real Estate.

$74,900

3 Beds ⋅ 1 Baths ⋅ 7149478 MLS

Calling all investors and contractors! Great winter project for the experienced and motivated remodeler. As-is property in the heart of Melrose, looking for a new owner. House has loads of potential. Cash offers only. 3 bedroom, 1 bath house with vinyl windows and vinyl siding on a quiet street with a concrete driveway and a quiet backyard with a shed. House also boasts a newer roof! This house has a great location close to downtown Melrose, along with an open canvas, main floor laundry, and room to add a garage on the property. Come see this house today before it's gone! Quick close possible!

210 1st Street SE, Melrose

Listing courtesy of MetroCrest Realty.

$380,000

5 Beds ⋅ 3 Baths ⋅ 7147598 MLS

Beautiful 5 Bedroom, 3 Bathroom Home Located On Quiet Cul-De-Sac In Desirable Neighborhood. This Wonderful Home Has Many Great Features Including; 3 Main Level Bedrooms With The Master Bedroom Having A Walk-In Closet And Private Bathroom With Tiled Walk-In Shower, Large Open Kitchen With Center Island, And Main Level Laundry. The Basement Includes; Large Open Family Room, Bar/Rec Area, Tons Of Storage, And Two Additional Large Bedrooms With Full Bathroom. Enjoy The Large Maintenance Free Deck That Overlooks The Meticulously Cared For Yard That Has In-Ground Sprinklers And An Additional Storage Shed. Only Blocks Away From Meadowlark Country Club. This Home Will Come With A Brand New Roof!

705 Eagle Drive SW, Melrose

Listing courtesy of Central MN Realty LLC.

$299,900

4 Beds ⋅ 2 Baths ⋅ 7144045 MLS

Here it is... open concept bi-level w/finished garage, .36 acre lot & modern colors & finishes; located in the sought-after neighborhood you've been waiting for! Popular layout: open kitchen/dining/living rooms, vaulted ceilings, gas/2-way fireplace, updated lighting, modern colors & spacious room sizes. Kitchen has SS appliances, center/eat-in island, tiled backsplash & deck access steps away. Down the hall is the primary bedroom, you'll appreciate the WIC & walk-through full bath (pocket door). The second bedroom located on the main level with/WIC. Appreciate the nice-sized foyer & convenient entry closet. Lower level has relaxing family & rec spaces; bedroom 3 & 4 both w/large closets & full bath featuring tiled shower & floors. You will love the exterior of this home; tons of curb appeal with the cozy front porch, shakes & updated landscaping. The finished, heated garage is a generous 24x26 size. Additional outdoor space in the 24x12 storage shed. 2024 roof! Located close to schools & parks... move to this desirable neighborhood.

722 4th Avenue NW, Melrose

Listing courtesy of Central MN Realty LLC.

$215,000

3 Beds ⋅ 1 Baths ⋅ 7142527 MLS

Enjoy easy one-level living in this charming 2+ bedroom, 1-bath home with 1,216 square feet on the main level. The home offers a comfortable layout with updated flooring and convenient main-floor laundry. The third bedroom is currently being used as a laundry room, creating an ideal setup for those looking for easy, stair-free living. The bathroom features a convenient walk-in shower offering accessibility and ease of use. Steel siding & vinyl windows were completed in 2005, and laminate floors updated in 2010, asphalt shingles were new in 2022; offering peace of mind for years to come. The unfinished basement offers plenty of additional storage space and potential for a workshop, hobby area, or future finishing. A single attached garage provides convenient parking and storage. Located on a manageable .139-acre city lot in Melrose, this home offers comfortable living with low-maintenance outdoor space and convenient access to the community.

215 1st Avenue SE, Melrose

Listing courtesy of Counselor Realty Inc of Alex.

$289,900

4 Beds ⋅ 4 Baths ⋅ 7135273 MLS

Spacious home on over an acre with 3,000 finished square feet and large room sizes throughout. The kitchen includes granite countertops, new cabinet faces, newer appliances, and four pull-out drawers. The living room features a fireplace and three oversized windows overlooking the private backyard, and peaceful creek. The home offers all living facilities on one level , a private master suite, WIC, abundant natural light, and 3 bedrooms on one level. There is tons of storage, and the home is conveniently located right across from the school. New Water heater (2026).

543 5th Avenue NE, Melrose

Listing courtesy of Central MN Realty LLC.

$245,000

2 Beds ⋅ 1 Baths ⋅ 7121463 MLS

Say hello to views year round! Enjoy roughly 92 feet of frontage on the beautiful Black River! This 2-bedroom, 1-bath home in North Bend offers a wonderful opportunity for year-round living, a weekend retreat, or a recreational getaway. With opportunities to split upstairs into two more bedrooms or use it for a hang out area, this home has it! A four seasons room plus a large deck off the back. The basement offers additional potential, including an opportunity to add another bathroom. Relax by the water, enjoy fishing, or simply take in the peaceful river views. A great property for anyone who loves waterfront living and outdoor recreation! Plus you are only a short walk from local businesses!

N574 N Bend Drive, Melrose

Listing courtesy of RE/MAX Results.

$168,000

3 Beds ⋅ 2 Baths ⋅ 7113793 MLS

Charming home in the heart of Melrose! Enjoy a functional layout, comfortable living spaces, and a spacious yard. Conveniently located near schools, parks, shopping, restaurants, and I-94. A great opportunity for first-time buyers, those looking to downsize, or investors!

103 3rd Street SW, Melrose

Listing courtesy of Central MN Realty LLC.

$269,900

3 Beds ⋅ 3 Baths ⋅ 7112591 MLS

Affordable, well maintained twin home (no association); located in a popular neighbor... you will love this spacious layout! Home features a popular private primary suite w/walk-in closet, large bedroom & bath (walk-in shower, ceramic tile floors). Ideal main floor laundry w/storage! Kitchen has plenty of cabinet & counterspace, black SS appliances (2019) & open to the dining & living rooms. The dining room is a nice size for entertaining; steps away is a guest half bath. The living room features a 2-way gas fireplace, shared with the sunroom. Sunroom is the perfect spot to relax; vaulted ceilings, tons of natural light & access to back deck. Full, finished lower level offers tons of possibilities. There is a family room w/gas fireplace, rec room, 3/4 bathroom, & third bedroom (WIC). Outdoor features: oversized 2-stall garage (insulated), front porch, back deck, roof (2017). Whether you are starting out or downsizing, this home offers the updates & amenities you want at a great price!

703 2nd Avenue NE, Melrose

Listing courtesy of Central MN Realty LLC.

$115,000

3 Beds ⋅ 2 Baths ⋅ 7080042 MLS

Rose Park is a welcoming manufactured housing community located in the heart of Melrose, Minnesota — a charming small town known for its strong sense of community, excellent schools, and family-friendly atmosphere. Our neighborhood offers quiet streets, friendly neighbors, and an environment where families, retirees, and individuals can feel comfortable and connected. Residents enjoy the benefits of small-town living while still having convenient access to local shopping, dining, parks, healthcare, and recreation. Melrose is known for its highly regarded school system, safe neighborhoods, and active community events throughout the year. Whether you're raising a family, downsizing, or simply looking for a peaceful place to call home, Rose Park offers affordable living in a community where people truly care about one another. At Rose Park, residents enjoy: A peaceful and well-maintained neighborhood Affordable homeownership opportunities Spacious lots and community feel Convenient access to schools, parks, and local businesses A safe, quiet environment ideal for families and retirees Friendly management focused on long-term community growth Rose Park combines the value of manufactured home living with the warmth and stability of a traditional neighborhood — making it a wonderful place to call home. Financing considerations - Mortgage contacts available

100 Rose Park, Melrose

Listing courtesy of Central MN Realty LLC.

$115,000

3 Beds ⋅ 2 Baths ⋅ 7080044 MLS

76 Rose Park, Melrose

Listing courtesy of Central MN Realty LLC.

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