Google street view image for 40 Leonard Rd, Melrose, MA 02176

Off Market Nov 1990 for $200K

$1,041,815

Est. refi paymentEst. refi $1,366/mo

•

2.5 ba

•

2,917

sq ft

40 Leonard Rd, Melrose, MA 02176

About this home

40 Leonard Rd is a 2,917 square foot multi-family home on a 4,356 square foot lot with 5 bedrooms and 2.5 bathrooms. - it last sold on November 30, 1990 for $200,000. Based on Redfin's Melrose data, we estimate the home's value is $1,041,815.

Multi-familyProperty Type

1924Year Built

4,356 sq ftLot Size

$357Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$1,041,815

$842K since sold in November 1990$6,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 14.6% lower than the average sale price ($1.22M) of 6 comparable homes.

SOLD JUL 30, 2026
$1,099,000
A
4 beds2.5 baths2,524 sq ft
51 Gooch St, Melrose, MA 02176
SOLD JUL 15, 2026
$1,175,000
B
4 beds2 baths2,538 sq ft
207-209 Main St, Melrose, MA 02176
SOLD JUL 23, 2026
$1,364,000
C
5 beds2 baths2,123 sq ft
59 Beech Ave, Melrose, MA 02176
SOLD SEP 12, 2025
$940,000
D
5 beds2.5 baths2,800 sq ft
45 Vinton St, Melrose, MA 02176
SOLD JUL 24, 2026
$1,362,300
E
4 beds2.5 baths2,505 sq ft
79 Baxter St, Melrose, MA 02176
SOLD BY REDFIN JUL 9, 2026
$1,375,000
F
4 beds2.5 baths2,261 sq ft
63 Florence St, Melrose, MA 02176

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Earn from this home

Sell

$989,183

Est. take-home

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Refinance

Est. cash available

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Market trends in 02176, MA

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

107.0%

1.3% MoM

Median sale price

$980K

$30K MoM

Avg. days on market

15d

0 days MoM

Recently sold homes

101

24 MoM

New listings for sale

EARLY ACCESS
Unknown
3 beds4 baths2,483 sq ft
14 Blueberry Hill Ln #14, Melrose, MA 02176
$589,900
2 beds2 baths1,236 sq ft
51 Melrose St Unit 5F, Melrose, MA 02176
OPEN SUN, 12:30PM TO 1:30PM
$669,900
4 beds2.5 baths1,254 sq ft
73 Dell Ave #73, Melrose, MA 02176
LISTED BY REDFIN
$720,000
4 beds1 bath1,344 sq ft
244 Beech Ave, Melrose, MA 02176
$1,050,000
5 beds2 baths2,181 sq ft
52 Elliott St, Melrose, MA 02176
$875,000
6 beds2 baths2,472 sq ft
28-30 Crescent Ave, Melrose, MA 02176
EARLY ACCESS
$1,700,000
4 beds3 baths3,000 sq ft
2 Hemenway Ave, Melrose, MA 02176
$799,900
3 beds2.5 baths1,615 sq ft
6 Linden Rd Unit A, Melrose, MA 02176
See all

Provided by Redfin

Sale history for 40 Leonard Rd

Year

Property tax

Land + Additions

Assessment*

2025

$8,381 (+6.2%)

$414,900 + $431,700

$846,600

2024

$7,893

$388,100 + $406,800

$794,900

2023

$7,896 (+2.2%)

$361,300 + $396,500

$757,800

2022

$7,726 (+4.3%)

$347,900 + $383,000

$730,900

2021

$7,411 (+3.9%)

$334,600 + $342,200

$676,800

2020

$7,133 (+6.3%)

$307,800 + $337,700

$645,500

2019

$6,711 (+5.9%)

$294,400 + $326,400

$620,800

2018

$6,337 (+2.0%)

$244,200 + $315,100

$559,300

2017

$6,214 (+8.2%)

$234,200 + $292,400

$526,600

2016

$5,745 (+10.2%)

$207,400 + $258,500

$465,900

2015

$5,211 (+1.8%)

$207,400 + $194,700

$402,100

2014

$5,118 (+2.9%)

$190,700 + $194,700

$385,400

2013

$4,972 (+2.6%)

$190,700 + $190,900

$381,600

2012

$4,846 (+2.4%)

$190,700 + $189,100

$379,800

2011

$4,732 (+2.2%)

$190,700 + $189,100

$379,800

2010

$4,630 (+2.0%)

$190,700 + $192,900

$383,600

2009

$4,538

$197,400 + $202,100

$399,500

Tax history for 40 Leonard Rd

Year

Property tax

Land + Additions

Assessment*

2025

$8,381 (+6.2%)

$414,900 + $431,700

$846,600

2024

$7,893

$388,100 + $406,800

$794,900

2023

$7,896 (+2.2%)

$361,300 + $396,500

$757,800

2022

$7,726 (+4.3%)

$347,900 + $383,000

$730,900

2021

$7,411 (+3.9%)

$334,600 + $342,200

$676,800

2020

$7,133 (+6.3%)

$307,800 + $337,700

$645,500

2019

$6,711 (+5.9%)

$294,400 + $326,400

$620,800

2018

$6,337 (+2.0%)

$244,200 + $315,100

$559,300

2017

$6,214 (+8.2%)

$234,200 + $292,400

$526,600

2016

$5,745 (+10.2%)

$207,400 + $258,500

$465,900

2015

$5,211 (+1.8%)

$207,400 + $194,700

$402,100

2014

$5,118 (+2.9%)

$190,700 + $194,700

$385,400

2013

$4,972 (+2.6%)

$190,700 + $190,900

$381,600

2012

$4,846 (+2.4%)

$190,700 + $189,100

$379,800

2011

$4,732 (+2.2%)

$190,700 + $189,100

$379,800

2010

$4,630 (+2.0%)

$190,700 + $192,900

$383,600

2009

$4,538

$197,400 + $202,100

$399,500

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Property details

Interior

Basement Information
Basement Sq. Ft: 1,144

Bathroom Information
# of Full Baths: 2
# of 1/2 Baths: 1

Heating & Cooling
Heating Type: Steam

Room Information
# of Rooms: 10

Exterior

Exterior Information
Physical Condition: Good
Building Style Type: Multi-Family
Construction Type: Frame
Exterior Wall: Vinyl
Roof Shape Type: Hip

Property Information
Living Sq. Ft: 2,917
Gross Sq. Ft: 4,974
# of Units: 2
# of Stories: 2

Lot Information
# of Buildings: 1
Land Sq. Ft: 4,356
Municipality Name: MELROSE
Acres: 0.1
Zoning Code: URB
State Use Description: 2-FAMILY RESIDENCE

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 5
Baths: 2.5
Sq. Ft.: 2,917
Stories: 2.0
Lot Size: 4,356 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1924
Year Renovated: —
County: Middlesex County
APN: 960398S

Home facts updated by county records on Jul 29, 2026

Around this home

Schools

Lincoln Elementary School

Public K-5 • Assigned • 0.4mi

8/10

Melrose Middle School

Public 6-8 • Assigned • 0.7mi

6/10

Melrose High School

Public 9-12 • Assigned • 0.7mi

10/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

5/10 Flood Factor

Estimated 19-29% chance of a flood reaching the building in the next 30 years

3/10 Fire Factor

0.15% chance of being in a wildfire in next 30 years

6/10 Heat Factor

7 days above 96° expected this year, 15 days in 30 years

6/10 Wind Factor

60% chance of strong winds in next 30 years

3/10 Air Factor

2 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

Melrose, MA • 02176

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.2 hours in June and 4.4 hours in December, placing it below the U.S. average for solar exposure.

9.2 hrs

4.4 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$990,000 – $1.20M

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New listings for sale in 02176

EARLY ACCESSCOLDWELL BANKER REALTY COMING SOON

Unknown

3 beds4 baths2,483 sq ft

14 Blueberry Hill Ln #14, Melrose, MA 02176

$589,900

2 beds2 baths1,236 sq ft

51 Melrose St Unit 5F, Melrose, MA 02176

OPEN SUN, 12:30PM TO 1:30PM

$669,900

4 beds2.5 baths1,254 sq ft

73 Dell Ave #73, Melrose, MA 02176

LISTED BY REDFIN3D WALKTHROUGH

$720,000

4 beds1 bath1,344 sq ft

244 Beech Ave, Melrose, MA 02176

$1,050,000

5 beds2 baths2,181 sq ft

52 Elliott St, Melrose, MA 02176

$875,000

6 beds2 baths2,472 sq ft

28-30 Crescent Ave, Melrose, MA 02176

EARLY ACCESSCOMPASS COMING SOON

$1,700,000

4 beds3 baths3,000 sq ft

2 Hemenway Ave, Melrose, MA 02176

$799,900

3 beds2.5 baths1,615 sq ft

6 Linden Rd Unit A, Melrose, MA 02176

Home values near 40 Leonard Rd

Data from public records.

Address	Redfin Estimate
47 Leonard Rd, Melrose, MA 2 Beds \| 1 Baths \| 936 Sq. Ft.	$700,502
56 Leonard Rd, Melrose, MA 3 Beds \| 1 Baths \| - Sq. Ft.	$801,766

Address	Redfin Estimate
32 Leonard Rd, Melrose, MA 4 Beds \| 1 Baths \| 1175 Sq. Ft.	$736,551
44 Leonard Rd, Melrose, MA 4 Beds \| 2 Baths \| 2184 Sq. Ft.	$960,576

Address	Redfin Estimate
60 Leonard Rd, Melrose, MA 3 Beds \| 1.5 Baths \| 1294 Sq. Ft.	$751,634
34 Leonard Rd, Melrose, MA 3 Beds \| 1 Baths \| 3113 Sq. Ft.	$559,776

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GreatSchools Ratings provided by GreatSchools.org.

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