$1,189,000
56 Franklin Street
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 #:
73599976
Status:
Active
Beds:
5
Baths:
3.5
Type:
Multi Family
Listed Date:
Nov 7, 2026
Finished Sq Ft:
2,680
Total Sq Ft:
2,680
Lot Size:
8,242 sqft / 0.19 acres (approx)
Year Built:
1900
Units:
2
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
Wood, Tile, Hardwood, Stone/Ceramic Tile
Heating
Forced Air, Oil, Central, Heat Pump, Ductless
Interior Features
Ceiling Fan(s), Storage, Stone/Granite/Solid Counters, Walk-In Closet(s), Bathroom with Shower Stall, Bathroom With Tub & Shower, Upgraded Cabinets, Open Floorplan, Slider, Living Room, Kitchen, Laundry Room, Living RM/Dining RM Combo, Office/Den
Laundry Features
Washer Hookup, Dryer Hookup, Electric Dryer Hookup
Levels
4
Exterior
Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station
Construction Materials
Frame
Exterior Features
Balcony/Deck
Lot Features
Corner Lot
Open Parking Spaces
4
Parking Features
Off Street, Assigned
Parking Spots
4
Parking Total
4
Patio And Porch Features
Deck
Roof
Shingle
Stories
4
Financial
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…
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Current real estate data for Multi Family in Melrose as of Nov 08, 2026
9
Multi Family Listed
60
Avg DOM
364
Avg $ / SqFt
$1,057,867
Avg List Price
Community
- Address56 Franklin Street Melrose MA
- CityMelrose
- CountyMiddlesex
- Zip Code02176
Subdivisions in Melrose
Similar Listings Nearby
Property Summary
- 56 Franklin Street Melrose MA is a Multi Family for sale in Melrose, MA, 02176. It is listed for $1,189,000 To schedule a showing of MLS#73599976 at 56 Franklin Street 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
Melrose, MA