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56 Franklin Street #56

Melrose, MA 02176
$1,189,000
5 Beds
3/1 Baths
2,680 Living Area
  • Property Description
    **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, 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 minutes from Boston!**
  • Highlights
    • Building Name: Franklin Street Condominiums
    • Heating: Forced Air, Oil
    • Parking Spots: 4
    • Property Type: Condominium
    • Total Rooms: 11
    • Year Built: 1900
    • Cooling: Central Air
    • HOA Fee: $525
    • Property Class: Residential
    • Stories: 2
    • Unit Number: 56
    • Status: Active
  • Additional Details
    • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
    • Construction: Frame
    • Flooring: Tile, Hardwood, Flooring - Hardwood
    • Pets Allowed: Yes
    • SqFt Source: Measured
    • Year Built Details: Approximate
    • Year Converted: 2026
    • Basement: Y
    • Exterior Features: Balcony / Deck, Deck, Storage
    • Interior Features: Closet, Recessed Lighting, Closet/Cabinets - Custom Built, Countertops - Stone/Granite/Solid, Kitchen Island, Bathroom - Half, Office, Kitchen, Media Room
    • Roof: Shingle, Rubber
    • Total Number of Units: 2
    • Year Built Source: Public Records
    • Zoning: Res
  • 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: Off Street, Assigned, Paved
  • Utilities
    • Electric: Circuit Breakers
    • Water Source: Public
    • Sewer: Public Sewer
  • Fees / Taxes
    • Assessed Value: $868,800
    • Tax Year: 2026
    • HOA Fee Includes: Insurance, Maintenance Grounds, Snow Removal, Reserve Funds
    • Taxes: $9,965

Location

56 Franklin Street #56, 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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