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56-58 Franklin St, Melrose, MA

Melrose · MA 02176

$1,025,000
Price
6
Beds
2
Baths
2650
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1900
Units: 2 Units
Lot size: 8,242 Sq.Ft Lot
Price per square foot: $349 / Sq.Ft
Parking: 6 Off Street Spaces

About this home

This well-maintained, unique Philadelphia-style two-family home, with its solid bones and strong structure, offers an excellent opportunity for rental income, multi-generational living, or future expansion. Situated on a prime corner lot near local amenities, it features two incredibly spacious, move-in-ready units: a 4-bedroom/1-bath and a 2-bedroom/1-bath, both updated with modern finishes while retaining classic charm. Each unit is independently metered for utilities, offering ease of use. The layouts maximize space with large rooms and a seamless flow. The home boasts a durable exterior and plentiful natural light. The expansive basement and oversized shed in the private yard provide abundant storage space. The off-street parking area accommodates up to six vehicles, enhancing practicality. With easy access to shopping, parks, and public transit, this property combines convenience with investment potential. Don?t miss this opportunity for comfort and income generation!

Neighborhood & Transit

56-58 Franklin St, Melrose · MA 02176

Nearby transit

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

  • Melrose Highlands Commuter Rail 1 route 0.34 mi
    • Haverhill Line

Price Insight

Days on Market:
512 days
Listing Price:
$925,000
Price per Sq.Ft:
$349
Tax Assessment:
$835,600 in 2025
Taxes:
$689 / Monthly

Home Facts

Interior Features

Bedrooms
6
Full Bathrooms
2
Half Bathrooms
0
Living Area
2,650 Sq.Ft
Broker Disclosure about Living Area
Buyer/buyer's agent to do their due diligence.
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
2650
Flooring
Unknown
Lead paint
Unknown

Utilities

Heating Type
Unknown
Heating Zone
Unknown
Cooling
Unknown
Cooling Zones
Unknown
Water
Unknown
Sewer
Unknown
Electric Features
200 Amps, Knob & Tube Wiring

Exterior Features

Lot Size
8,242 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
0 Parking Spaces
Off Street Parking
6 Parking Spaces

Construction Details

Construction Type
Unknown
Siding
Wood
Roof
Unknown

Green Features

Electric Vehicle Charger
Unknown
Solar Panels
Unknown
Green Certified
Unknown
Insulation Features
Unknown
Energy Features
Unknown

Listing information

Listing agent
Kimberly Kearns-Nardone
Listing office
Kearns Nardone Realty LLC
MLS PIN #
73347838
Disclosure
The property will be delivered vacant.
Disclosure
Buyer/buyer's agent to do their due diligence.