56-58 Franklin St, Melrose MA 02176
About this home
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!
Sale Statistics
This property sold for 10.8% above the original asking price, indicating strong buyer demand.
With only 3 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Interior Features
Exterior & Structure
Lot & Land
Parking & Garage
Utilities & Systems
Community & HOA
Financial & Tax Information
Additional Details
Location
Neighborhood
56-58 Franklin St, Melrose MA 02176
Melrose, MA 02176
Walkability
Schools
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Payment Breakdown
Property History
Market Insights
Property Timeline
Sold
Apr 24, 2025Listed for Sale
Mar 20, 2025| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 04/24/2025 | ✓ Sold | $1,025,000 | - | - | Property sold |
| 03/20/2025 | 🏠 Listed for Sale | $925,000 | - | - | Original listing |