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56-58 Franklin St

Melrose, MA 02176
$1,025,000
6 Beds
2 Baths
2,650 Living Area
  • Property Description
    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!
  • Highlights
    • Heating: Forced Air, Oil
    • Parking Spots: 6
    • Property Type: Multi Family
    • Total Rooms: 12
    • Status: Closed
    • Levels: 4
    • Property Class: Residential Income
    • Stories: 4
    • Year Built: 1900
  • Additional Details
    • Appliances: Range, Dishwasher, Microwave, Refrigerator
    • Construction: Frame
    • Flooring: Tile, Laminate, Hardwood
    • Interior Features: Pantry, Philadelphia, Stone/Granite/Solid Counters, Bathroom With Tub & Shower, Internet Available - Unknown, Ceiling Fan(s), Living Room, Dining Room, Kitchen
    • Road Frontage Type: Public
    • SqFt Source: Owner
    • Year Built Details: Actual
    • Zoning: Urc
    • Basement: Full, Interior Entry, Concrete
    • Exterior Features: Rain Gutters
    • Foundation: Stone
    • Lot Features: Corner Lot, Level
    • Roof: Shingle
    • Total Number of Units: 2
    • Year Built Source: Public Records
  • Amenities
    • 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
    • Parking Features: Paved Drive, Off Street, Paved
  • Utilities
    • Electric: 200+ Amp Service, Knob & Tube Wiring
    • Water Source: Public
    • Sewer: Public Sewer
  • Fees / Taxes
    • Assessed Value: $835,600
    • Taxes: $8,272
    • Tax Year: 2025

Location

56-58 Franklin St, Melrose, MA 02176

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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Compass. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
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