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!
Sold for $1,605,000
$1,605,000
608 Franklin St, Melrose, MA 02176
8beds
5,339sqft
5+ Family - 5+ Units Up/Down
Built in 1895
-- sqft lot
$1,717,100 Zestimate®
$301/sqft
$2,763 Estimated rent
Home value
$1,717,100
$1.56M - $1.91M
$2,763/mo
Zestimate® history
Owner options
List your home for rent
$2,763/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,763/mo
Rent Zestimate®
Refinance and save
$10,092/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$10,092/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Exquisite woodworkFully rentedDowntown melrose
Zillow last checked:
Listing updated:
Listed by:
Pamela Bardhi 617-259-7732,
eXp Realty 888-854-7493
Bought with:
Pamela Bardhi
eXp Realty
Source: MLS PIN,MLS#: 73191490
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Hot Water
Features
- Flooring: Tile, Hardwood
- Basement: Full,Walk-Out Access
- Number of fireplaces: 3
Interior area
- Total structure area: 5,339
- Total interior livable area: 5,339 sqft
Property
Parking
- Total spaces: 10
- Parking features: Paved Drive, Off Street, Paved
- Uncovered spaces: 10
Lot
- Size: 0.27 Acres
Details
- Parcel number: M:B12 P:0000065,658475
- Zoning: URA
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Family - 5+ Units Up/Down
Materials
- Foundation: Granite
- Roof: Shingle
Condition
- Year built: 1895
Utilities & green energy
- Electric: Individually Metered
- Sewer: Public Sewer
- Water: Public, Individual Meter
- Utilities for property: for Gas Range
Community & HOA
Community
- Features: Public Transportation, Shopping, Medical Facility, Laundromat, T-Station
Location
- Region: Melrose
Financial & listing details
- Price per square foot: $301/sqft
- Tax assessed value: $1,186,100
- Annual tax amount: $12,359
- Date on market: 12/27/2025
- Total actual rent: 8450
Price history
| Date | Event | Price |
|---|---|---|
| 4/12/2024 | Sold | $1,605,000+0.3%$301/sqft |
Source: MLS PIN #73191490 Report a problem | ||
| 1/24/2024 | Contingent | $1,599,990$300/sqft |
Source: MLS PIN #73191490 Report a problem | ||
| 1/8/2024 | Listed for sale | $1,599,990+108.1%$300/sqft |
Source: MLS PIN #73191490 Report a problem | ||
| 7/27/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 7/19/2022 | Listed for rent | $1,950 |
Source: Zillow Rental Manager Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 7/11/2019 | Listing removed | $1,950 |
Source: Owner Report a problem | ||
| 7/2/2019 | Listed for rent | $1,950 |
Source: Owner Report a problem | ||
| 4/26/2016 | Listing removed | $769,000$144/sqft |
Source: Metro Realty Corp. #71991660 Report a problem | ||
| 4/26/2016 | Pending sale | $769,000$144/sqft |
Source: Metro Realty Corp. #71991660 Report a problem | ||
| 4/21/2016 | Listed for sale | $769,000$144/sqft |
Source: Metro Realty Corp. #71991660 Report a problem | ||
Public tax history
Tax history is unavailable.
Find assessor info on the county website
Neighborhood: Melrose Highlands
Nearby homes
- $--2 bd1 ba950 sqft608 Franklin St APT 2, Melrose, MA 02176Off Market
- $--2 bd1 ba1.2k sqft608 Franklin St APT 5, Melrose, MA 02176Off Market
- $--2 bd1 ba1.2k sqft608 Franklin St APT 4, Melrose, MA 02176Off Market
- $--2 bd1 ba1k sqft608 Franklin Street #4 FL 2ND, Melrose, MA 02176Off Market
- $--1 bd1 ba850 sqft608 Franklin St APT 3, Melrose, MA 02176Off Market
- $--2 bd2 ba1k sqft608 Franklin St APT 1, Melrose, MA 02176Off Market
- $957,1004 bd2 ba2.2k sqft630 Franklin St, Melrose, MA 02176Off Market
- $234,0001 bd1 ba574 sqft594 Franklin St APT 7, Melrose, MA 02176Sold
Nearby schools
GreatSchools rating
- 8/10Roosevelt Elementary SchoolGrades: K-5Distance: 0.2 mi
- 6/10Melrose Middle SchoolGrades: 6-8Distance: 0.4 mi
- 10/10Melrose High SchoolGrades: 9-12Distance: 0.3 mi
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,717,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,717,100
- Massachusetts
- Middlesex County
- Melrose
- 02176
- Melrose Highlands
- 608 Franklin St
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Melrose Topics
