608 Franklin StreetMelrose, MA 02176MLS Number 73191490

  • Sale Price: $1,605,000
  • 278 Days Since Sale
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Federal 30-year interest rate: 6.93% last updated on Jan 9, 2025
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608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176608 Franklin Street Melrose MA 02176
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  • 8Bedrooms
  • 6Bathrooms
ATTENTION INVESTORS: Prime opportunity in transit-oriented, downtown Melrose - named one of the hottest zip codes in America! Rarely found in the heart of Melrose, this fully rented, updated and turnkey 5-unit multifamily property with 10 parking spots is a masterpiece of architecture and financial opportunity. Each unit boasts exquisite woodwork, infusing classic charm with contemporary living. Nestled steps next to the Melrose Highlands train station with easy commute to Boston, surrounded by shops, restaurants, Wholefoods, and minutes to beautiful Ell Pond, this property caters to the demands of modern life, making it a hotspot for tenants seeking accessibility and a stress-free commute. With fully occupied, turnkey rentals, enjoy a hassle-free income stream and let your investment work for you. Don't miss out on this golden opportunity to acquire a fully rented, turnkey multifamily property with value-add upside in one of Massachusetts' most sought-after locations!
Listed by Pamela Bardhi of eXp Realty

Listing Sold by eXp Realty

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Colonial Manor Realty
Colonial Manor Realty
127 Franklin Street
Reading, MA 01867

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More Info

Basic Information

  • Contingency Pending P&S
  • Gross Income $140,700
  • Mls StatusSold
  • Parcel Number M:B12 P:0000065,658475

Location

  • Address608 Franklin Street
  • Building Number608
  • CountyMiddlesex
  • StateMA
  • StreetFranklin Street
  • TownMelrose
  • Zip02176

Property

  • Acreage0.27

Exterior

  • RoofShingle

Property Information

  • Building Area Source Owner
  • Living Area 5,339
  • Lot Size Square Feet 11,631
  • Lot Size Units Acres
  • Square Feet5,339

Other

  • Buyer Agency Compensation2
  • Date Listed01/08/2024
  • Farm Land Area Units Square Feet
  • View Count17

Tax Information

  • Tax Assessed Value $1,186,100
  • Tax Year 2023
  • Taxes$12,359

Rooms

  • Bathroom6
  • Bathrooms Total Decimal 6
  • Bedrooms8
  • Full Bath6

Building

  • BasementFull, Walk-Out Access
  • Building Area Units Square Feet
  • FireplaceYes
  • Fireplaces Total 3
  • FoundationGranite
  • Rooms26
  • Stories9
  • Units5
  • Utilities For Gas Range
  • Year Built1895
  • Year Built Details Renovated Since
  • Year Built Source Public Records

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street, Paved
  • Parking Spaces10

Basic Information

  • List Price$1,599,990
  • MLS Number73191490
  • Modification Date04/15/2024
  • Property SubType5+ Family - 5+ Units Up/Down
  • Purchase Contract Date01/16/2024
  • Sale Date04/12/2024
  • Sale Price$1,605,000

Interior

  • Flooring Tile, Hardwood

Utilities

  • Electric Individually Metered
  • Heat SystemYes
  • Heating Hot Water
  • Sewer Public Sewer
  • Water Source Public, Individual Meter

Amenities

  • AmenitiesPublic Transportation, Shopping, Medical Facility, Laundromat, T-Station
  • Other AmenitiesBasement, Fireplace

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, 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. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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