Sold for $1,025,000

$1,025,000

56-58 Franklin St, Melrose, MA 02176

6beds

2,650sqft

Multi Family

Built in 1900

-- sqft lot

$-- Zestimate^®

$387/sqft

$-- Estimated rent

Home value

Not available

Estimated sales range

Not available

Zestimate^® history

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$6,388/mo

Est. payment

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$6,388/mo

Est. payment

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What's special

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!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 2
Full bathrooms: 2

Heating

Forced Air, Oil

Appliances

Included: Range, Dishwasher, Microwave, Refrigerator

Features

Pantry, Philadelphia, Stone/Granite/Solid Counters, Bathroom With Tub & Shower, Internet Available - Unknown, Ceiling Fan(s), Living Room, Dining Room, Kitchen
Flooring: Tile, Laminate, Hardwood
Windows: Box/Bay/Bow Window(s), Insulated Windows
Basement: Full,Interior Entry,Concrete
Has fireplace: No

Interior area

Total structure area: 2,650
Total interior livable area: 2,650 sqft
Finished area above ground: 2,650

Property

Parking

Total spaces: 6
Parking features: Paved Drive, Off Street, Paved
Uncovered spaces: 6

Features

Patio & porch: Enclosed
Exterior features: Rain Gutters
Fencing: Fenced

Lot

Size: 8,242 Square Feet
Features: Corner Lot, Level

Details

Additional structures: Shed(s)
Parcel number: M:D12 P:0000039,659579
Zoning: URC

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Frame
Foundation: Stone
Roof: Shingle

Condition

Year built: 1900

Utilities & green energy

Electric: 200+ Amp Service, Knob & Tube Wiring
Sewer: Public Sewer
Water: Public
Utilities for property: for Gas Range

Community & HOA

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

Location

Region: Melrose

Financial & listing details

Price per square foot: $387/sqft
Tax assessed value: $835,600
Annual tax amount: $8,272
Date on market: 1/22/2026
Total actual rent: 0
Road surface type: Paved

Price history

Date	Event	Price
4/24/2025	Sold	$1,025,000+10.8%$387/sqft
Source: MLS PIN #73347838 Report a problem
3/20/2025	Listed for sale	$925,000$349/sqft
Source: MLS PIN #73347838 Report a problem