608 Franklin St, Melrose MA 02176
About this home
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!
Sale Statistics
This property sold for 0.3% above the original asking price, indicating strong buyer demand.
With only 28 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
608 Franklin St, Melrose MA 02176
Melrose, MA 02176
Walkability
Schools
School information not available
Monthly Payment Calculator
Payment Breakdown
Property History
Market Insights
Property Timeline
Sold
Apr 12, 2024Listed for Sale
Jan 8, 2024| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 04/12/2024 | ✓ Sold | $1,605,000 | - | - | Property sold |
| 01/08/2024 | 🏠 Listed for Sale | $1,599,990 | - | - | Original listing |