$1,189,000
56 Franklin Street # 56
Melrose, MA, 02176
**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!**
Property Details
Price:
$1,189,000
MLS #:
73599459
Status:
Active
Beds:
5
Baths:
3.5
Type:
Condo
Subtype:
Condominium
Listed Date:
Nov 5, 2026
Finished Sq Ft:
2,680
Total Sq Ft:
2,680
Year Built:
1900
Schools
Elementary School:
Ask Super
Middle School:
Melrose Middle
High School:
Melrose High
Interior
Above Grade Finished Area
2680
Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Bathrooms
3 Full Bathrooms, 1 Half Bathroom
Cooling
Central Air
Flooring
Tile, Hardwood, Flooring – Hardwood
Heating
Forced Air, Oil
Interior Features
Closet, Recessed Lighting, Closet/Cabinets – Custom Built, Countertops – Stone/Granite/Solid, Kitchen Island, Bathroom – Half, Office, Kitchen, Media Room
Laundry Features
Bathroom – Full, In Unit
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
Balcony / Deck, Deck, Storage
Open Parking Spaces
4
Open Parking YN
1
Parking Features
Off Street, Assigned, Paved
Parking Spots
4
Parking Total
4
Patio And Porch Features
Deck
Roof
Shingle, Rubber
Stories
2
Financial
HOA Fee
$525
HOA Includes
Insurance, Maintenance Grounds, Snow Removal, Reserve Funds
Tax Year
2026
Taxes
$9,965
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
Community
- Address56 Franklin Street # 56 Melrose MA
- CityMelrose
- CountyMiddlesex
- Zip Code02176
Subdivisions in Melrose
Similar Listings Nearby
Property Summary
- 56 Franklin Street # 56 Melrose MA is a Condo for sale in Melrose, MA, 02176. It is listed for $1,189,000 and features 5 beds, 4 baths, and has approximately 2,680 square feet of living space, and was originally constructed in 1900. The current price per square foot is $444. The average price per square foot for Condo listings in Melrose is $530. The average listing price for Condo in Melrose is $689,050. To schedule a showing of MLS#73599459 at 56 Franklin Street # 56 in Melrose, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of Compass. 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 Franklin Street # 56
Melrose, MA








































