Searching ...

A Melrose classic with charm, potential & room to make it your own! Welcome to Horace Mann, one of Melrose’s desirable neighborhoods, where this well-loved side entrance Colonial is ready to welcome its next owner! Move-in ready with 6 rooms and 3 bedrooms, this is a wonderful opportunity to put down roots in a fantastic location. The finished sun room (side porch) is a standout feature, offering a bright, versatile space that the current owner has enjoyed as a home office. Whether you envision a dedicated workspace, a cozy reading nook, or a sunny spot to enjoy your morning coffee, this bonus space offers plenty of possibilities to make it your own! Fresh paint throughout gives this home a crisp, refreshed feel. Step outside to enjoy the privacy of the fenced-in yard and the deck off the kitchen — perfect for morning coffee, summer dinners, and relaxing outdoors. The big things have been taken care of, too! Improvements include insulation added throughout the walls and attic, a newer roof, updated kitchen and bath, replacement water heater, and refreshed front steps and walkway. The unfinished basement offers laundry and additional storage, with even more storage available in the garage-type area. Shared driveway parking accommodates up to three cars at the lower end. Commuters will appreciate the convenient public transportation options, with bus service to Oak Grove T Station just up the street, offering access to the Orange Line, or the option to catch the Commuter Rail into Boston. Whether you’re buying your first home or looking for a place to settle into a wonderful Melrose neighborhood, this charming Colonial offers a welcoming start, thoughtful updates, and exciting possibilities for the future. Move right in, make yourself at home, and enjoy all that Melrose has to offer!

Highlights

  • Residential
  • Single Family Residence
  • Built in 1939
  • 0.13 Acre Lot
  • Newly Listed

  • Bedrooms
    3
  • Bathrooms
    1
  • Year Built
    1939
  • Architectural Style
    Colonial
  • Construction Materials
    Frame
  • Foundation
    Block
  • Parking Features
    Paved, Off Street, Shared Driveway
  • Living Area
    1248.0
  • Interior Features
    Ceiling Fan(s), Crown Molding
  • Appliances
    Dryer, Dishwasher, Microwave, Refrigerator, Washer, Range, Disposal, Gas Water Heater
  • Flooring
    Hardwood
  • Patio And Porch
    Deck, Porch, Enclosed
  • Cooling
    Ceiling Fan(s), Window Unit(s)
  • Heating
    Natural Gas, Hot Water
  • Basement
    Full, Walk-Out Access, Unfinished, Concrete

  • Acres
    0.13
  • Water
    Public

  • County
    Middlesex
  • City
    Melrose
  • Neighborhood
    Horace Mann
  • Zip Code
    02176

Ask a Question

What's your home worth?

Calculate your current home value within seconds.

Frequently Asked Questions

How do I schedule a tour of 40 E Highland Ave?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 40 E Highland Ave.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 40 E Highland Ave?

Click Ask a Question to talk with our team. You already know it is a 3 bed, 1 bath, listed for $849,900. We can talk through recent upgrades, potential seller motivation, how this single family residence compares to others in Melrose, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 40 E Highland Ave?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 40 E Highland Ave at around $5,585. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 40 E Highland Ave?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Middlesex County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 40 E Highland Ave?

In most cases, yes. Whether 40 E Highland Ave is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Melrose's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 40 E Highland Ave?

We can handle that for you. Our preferred local agent specializes in residentials in Melrose and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $849,900 with 1,248 sqft of space—that comes out to approximately $681 per square foot.

How long has this property been on the market?

40 E Highland Ave was listed on November 11, 2026, which means it's been on the market for 0 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1939, making it approximately 87 years old.

What is the lot size of this property?

40 E Highland Ave sits on a 0.13-acre lot, which is 5,663 square feet.

What are the property taxes for 40 E Highland Ave?

The most recent public record shows annual property taxes for 40 E Highland Ave were approximately $8,976. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 40 E Highland Ave still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

Popular Home Searches in Melrose, MA


Search Nearby Cities


Search Nearby Counties


Search Nearby Postal Codes

Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, MLS Property Information Network (MLS PIN). All rights reserved.

Last Updated: November 11, 2026 at 11:14PM | Source: MLS Property Information Network (MLS PIN) | MLS#: 73601203