56-58 Franklin StreetMelrose, MA 02176MLS Number 73347838

  • Price: $925,000
  • Est. Mortgage of $/month
  • 34 Days on Market
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Federal 30-year interest rate: 6.83% last updated on Apr 17, 2025
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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Under Agreement
56-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 0217656-58 Franklin Street Melrose MA 02176
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  • 6Bedrooms
  • 2Bathrooms
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!
Listed by Kimberly Kearns-Nardone of Kearns Nardone Realty LLC

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

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More Info

Basic Information

  • Lot Features Corner Lot, Level
  • Mls StatusUnder Agreement
  • Parcel Number M:D12 P:0000039,659579
  • Road Frontage DescriptionPaved

Basic Information

  • List Price$925,000
  • MLS Number73347838
  • Modification Date03/26/2025
  • Property SubTypeMulti Family
  • Purchase Contract Date03/24/2025

Property

  • Acreage0.19
  • Other Structures Shed(s)

Interior

  • Flooring Tile, Laminate, Hardwood
  • Interior Features
    • Bathroom With Tub & Shower
    • Ceiling Fan(s)
    • Dining Room
    • Internet Available - Unknown
    • Kitchen
    • Living Room
    • Pantry
    • Philadelphia
    • Stone/Granite/Solid Counters

Property Information

  • Building Area Source Owner
  • Living Area 2,650
  • Lot Size Square Feet 8,242
  • Lot Size Units Acres
  • Road Responsibility Public Maintained Road
  • Square Feet2,650

Tax Information

  • Tax Assessed Value $835,600
  • Tax Year 2025
  • Taxes$8,272

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street, Paved
  • Parking Spaces6

Location

  • Address56-58 Franklin Street
  • Building Number56-58
  • CountyMiddlesex
  • StateMA
  • StreetFranklin Street
  • TownMelrose
  • Zip02176

Exterior

  • Exterior Features Rain Gutters
  • Fencing Fenced
  • RoofShingle

Utilities

  • Electric 200+ Amp Service, Knob & Tube Wiring
  • Heat SystemYes
  • Heating Forced Air, Oil
  • Sewer Public Sewer
  • Water Source Public

Amenities

  • Amenities
    • Conservation Area
    • Golf
    • Highway Access
    • House of Worship
    • Laundromat
    • Medical Facility
    • Park
    • Pool
    • Private School
    • Public School
    • Public Transportation
    • Shopping
    • T-Station
    • Tennis Court(s)
    • Walk/Jog Trails
  • Appliances IncludedRange, Dishwasher, Microwave, Refrigerator
  • Other AmenitiesBasement, Golf, Tennis

School Information

  • Elementary SchoolFranklin
  • High SchoolMelrose
  • High School Melrose
  • Junior HighMvmms

Rooms

  • Bathroom2
  • Bathrooms Total Decimal 2
  • Bedrooms6
  • Full Bath2

Building

  • BasementFull, Interior Entry, Concrete
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationStone
  • Levels 4
  • Patio And Porch Features Enclosed
  • Rooms12
  • Stories4
  • Units2
  • Utilities For Gas Range
  • Window Features Box/Bay/Bow Window(s), Insulated Windows
  • Year Built1900
  • Year Built Details Actual
  • Year Built Source Public Records

Other

  • Date Listed03/20/2025
  • Farm Land Area Units Square Feet
  • View Count2

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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