$925,000
56-58 Franklin St
Melrose, MA, 02176
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!
Property Details
Price:
$925,000
MLS #:
73347838
Status:
Pending
Beds:
6
Baths:
2
Address:
56-58 Franklin St
Type:
Multi Family
City:
Melrose
Listed Date:
Mar 19, 2025
State:
MA
Finished Sq Ft:
2,650
Total Sq Ft:
2,650
ZIP:
02176
Lot Size:
8,242 sqft / 0.19 acres (approx)
Year Built:
1900
Units:
2
Schools
Elementary School:
Franklin
Middle School:
Mvmms
High School:
Mhs
Interior
Appliances
Range, Dishwasher, Microwave, Refrigerator
Bathrooms
2 Full Bathrooms
Flooring
Tile, Laminate, Hardwood
Heating
Forced Air, Oil
Exterior
Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/ Jog Trails, Golf, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Private School, Public School, T- Station
Construction Materials
Frame
Exterior Features
Rain Gutters
Other Structures
Shed(s)
Parking Features
Paved Drive, Off Street, Paved
Parking Spots
6
Roof
Shingle
Financial
Tax Year
2025
Taxes
$8,272
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
More About MarieMortgage Calculator
Map
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Courtesy of Citylight Homes LLC. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
56-58 Franklin St
Melrose, MA
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