56-58 Franklin St, Melrose, MA 02176 | Maray LeMoine-Pena, Real Estate Agent

56-58 Franklin St, Melrose, MA 02176

  • $925,000
  • $349
56-58 Franklin St, Melrose, MA 02176


Overview

Property ID: 73347838
  • Multi-family
  • Property Type
  • 6
  • Bedrooms
  • 2
  • Bathrooms
  • 0
  • Garage
  • 8242
  • Sq Ft
  • 1900
  • Year Built

Description

Multi Family property with 6 bedroom(s), 2 bathroom(s) in Melrose MA.

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, 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, updated systems, 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!

  • Address 56-58 Franklin St, Melrose, MA 02176
  • City Melrose
  • State/county MA
  • Zip/Postal Code 02176

Details

Updated on March 21, 2025 at 1:24 am
  • Property ID: 73347838
  • Price: $925,000
  • Property Size: 8242 Sq Ft
  • Bedrooms: 6
  • Bathrooms: 2
  • Garage: 0
  • Year Built: 1900
  • Property Type: Multi-family
  • Property Status: For Sale

Additional details

  • Basement: Full,Interior Entry,Concrete
  • Electric: 200+ Amp Service
  • Fire places: 0
  • Elementary School: Franklin
  • Middle/Junior School: Mvmms
  • High School: Mhs
  • Heating: Forced Air,Oil
  • Total Rooms: 12
  • Parking Features: Paved Drive,Off Street,Paved
  • Roof: Shingle
  • Sewer: Public Sewer
  • Water Source: Public
  • Exterior Features: Rain Gutters
  • Interior Features: Pantry,Philadelphia,Stone/Granite/Solid Counters,Bathroom With Tub & Shower,Internet Available - Unknown,Ceiling Fan(s),Living Room,Dining Room,Kitchen
  • Office Name: Kearns Nardone Realty LLC
  • Agent Name: Kimberly Kearns-Nardone

Mortgage Calculator

$8,028.33
Monthly
  • Principal & Interest $6,695.00
  • Property Tax $250.00
  • Home Insurance $83.33
  • PMI $1,000.00
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