For Sale

56 Franklin St Unit 56, Melrose, MA

Melrose · MA 02176

$1,189,000
Price: 5
Beds: 3.5
Baths: 2680
Sq. ft.

Overview

Property type: Condominium

HOA: HOA: $525

HOA Fees Include: Master Insurance, Landscaping, Snow Removal, Reserve Funds
Special Assessment: No

Floor: 2nd floor

Pets: Pet Friendly

Parking: 4 Off Street Spaces

Heating & cooling: Heat, Oil, AC

Laundry: In Unit Laundry

Outdoor space: Private Outdoor

About this home

**A Rare Opportunity Offering Exceptional Flexibility, Character & Income Potential!**This charming townhouse blends timeless period character with thoughtful modern updates, while offering the added benefit of a **brand-new, attached, two-level, HERS-rated 900 sq. ft. Accessory Dwelling Unit (ADU)**—an incredible opportunity for multi-generational living, extended family, guests, or potential rental income.The main townhouse is filled with character and period charm, boasting high ceilings, beautiful hardwood floors, and generously proportioned rooms. The flexible layout features an inviting living room and open dining area, along with an eat-in kitchen offering abundant cabinetry, granite countertops, and stainless steel appliances. A first-floor primary bedroom with a spacious walk-in closet/office & a full bath complete the main level. Upstairs, you'll find two additional generously sized bedrooms and a beautifully updated full bath featuring a walk-in shower, tile flooring, and convenient second-floor laundry. A storage shed, side yard, side porch & 2 car parking are also included. The **brand-new, two-level ADU** is an exceptional addition, thoughtfully designed with approximately 900 sq. ft. of living space & is HERS rated & all electric central Heat & AC. This impressive second living space has it's own entrance from the back driveway on the 2nd level and is all new, featruing an open-concept kitchen & livingroom with a center island, granite, stainless steel appliances, 2bdrms & a full bath. The ADU also has its own deck and exclusive yard area & 2-car parking. Additional highlights for both include basement storage, new roofs, central A/C, new & newly refinished hardwood floors, fresh interior and exterior paint. Ideally located within walking distance to the Oak Grove bus, Highlands Commuter Rail, Whole Foods, restaurants, and Melrose High and Middle Schools, with easy access to the Fells Reservation, Route 1, and Route 93.**A truly unique offering combining the charm of a classic Melrose home with the versatility of a brand-new, energy-efficient ADU. Enjoy the flexibility, convenience, and lifestyle this exceptional property provides, all in a welcoming community just 7 miles from Boston!**

Neighborhood & Transit

56 Franklin St, Melrose · MA 02176

View location on map

Nearby transit

Within 0.5 mile, measured straight-line to the nearest station entrance.

Melrose Highlands Commuter Rail 1 route 0.35 mi
- Haverhill Line

Price Insight

Days on Market:: 2 days
Listing Price:: $1,189,000
Price per Sq.Ft:: $444
Tax Assessment:: $868,800 in 2026
Taxes:: $830 / Monthly
HOA Fee:: $525

Home Facts

Where is the Unit in the building?

Unit Placement: 2nd
Elevator: Unknown
Handicap Access: Unknown

Interior Features

Bedrooms: 5
Full Bathrooms: 3
Half Bathrooms: 1
Living Area: 2,680 Sq.Ft
Broker Disclosure about Living Area: A 900 Sq ft attached ADU is included in total Sq.Ft. & total rm count, see both attached fl plans
Kitchen: Floor 2, Gas Stove, Stainless Steel Appliances, Eat-in Kitchen, Stone Countertops, Ceiling Fan(s), Flooring - Hardwood, Exterior Access, Recessed Lighting, Dishwasher, Range, Garbage Disposal, Microwave, Refrigerator, Washer, Dryer
Primary Bedroom: Floor 2, Closet, Ceiling Fan(s), Flooring - Hardwood, Recessed Lighting
Laundry: In Unit
Living levels: 2
Rooms: 11
Above grade area: 2680
Flooring: Tile, Hardwood
Lead paint: Unknown

Utilities

Heating Type: Forced Air, Oil
Heating Zone: 1
Cooling: Central Air
Cooling Zones: 1
Water: City/Town Water
Sewer: City/Town Sewer
Electric Features: Circuit Breakers

Exterior Features

Outdoor Space: Yes - Private
Features: Deck, Storage Shed

Parking

Garage Parking: 0 Parking Spaces
Off Street Parking: 4 Parking Spaces, Off-Street, Assigned, Paved Driveway

Home Owner Association information

Restrictions: Smoking - In Units
HOA: $525
HOA Includes: Master Insurance, Landscaping, Snow Removal, Reserve Funds
Special Assessment: No
Pets allowed: Yes
Association pool: No

Room details

Living room level: Second Floor
Living room dimensions: 12X11
Living room features: Ceiling Fan(s), Flooring - Hardwood, Open Floor Plan, Recessed Lighting
Dining room level: Second Floor
Dining room dimensions: 19X8
Dining room features: Flooring - Hardwood, Open Floor Plan, Recessed Lighting
Kitchen dimensions: 17X12
Primary bedroom dimensions: 12X12
Bedroom 2 level: Third Floor
Bedroom 2 dimensions: 12X12
Bedroom 2 features: Closet, Flooring - Hardwood, Recessed Lighting
Bedroom 3 level: Third Floor
Bedroom 3 dimensions: 11X1O
Bedroom 3 features: Closet, Flooring - Hardwood
Bedroom 4 level: Second Floor
Bedroom 4 dimensions: 17X10
Bedroom 4 features: Closet, Flooring - Hardwood
Bedroom 5 level: Third Floor
Bedroom 5 dimensions: 13X9
Bathroom 1 level: Second Floor
Bathroom 1 dimensions: 9X6
Bathroom 1 features: Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Bathroom 2 level: Third Floor
Bathroom 2 dimensions: 13X12
Bathroom 2 features: Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Dryer Hookup - Electric, Washer Hookup
Bathroom 3 level: Third Floor
Bathroom 3 dimensions: 9X7
Bathroom 3 features: Bathroom - Full, Bathroom - Half

Listing information

Listing agent: Leeman & Gately
Listing office: Compass
MLS PIN #: 73599459
Disclosure: Includes an attached 4 rm, 2bd, 2 ba, 900 Sq Ft ADU w/2 exclusive parking. Townhouse consists of 7 rms,3 bdrm, 2 ba & 2 exclusive parking. Taxes & assessments are based on the original 2-family & will be determined. All info is deemed reliable but not guareenteed, buyers & buyers agent to confirm.
Disclosure: A 900 Sq ft attached ADU is included in total Sq.Ft. & total rm count, see both attached fl plans

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