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Patrick Cooper
REALTOR®
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56 Franklin Street, Melrose, MA 02176

$1,189,000
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New to the Market Active
BEDS5 BATHS3 full 1 partial SQUARE FEET2,680 MLS#73599976
STATUSActive PROPERTY TYPEMulti Unit - Multiple

Property Description

*A Rare Opportunity Offering Exceptional Flexibility, Character & Income Potential!**This charming townhouse blends timeless period character with thoughtful modern updates, while offering the added benefit of a **brand-new, attached, two-level, HERS-rated 900 sq. ft. Accessory Dwelling Unit (ADU)**??an incredible opportunity for multi-generational living, extended family, guests, or potential rental income.The main townhouse is filled with character and period charm, boasting high ceilings, beautiful hardwood floors, and generously proportioned rooms. The flexible layout features an inviting living room and open dining area, along with an eat-in kitchen offering abundant cabinetry, granite countertops, and stainless steel appliances. A first-floor primary bedroom with a spacious walk-in closet/office & a full bath complete the main level. Upstairs, you'll find two additional generously sized bedrooms and a beautifully updated full bath featuring a walk-in shower, tile flooring, and convenient second-floor laundry. A storage shed, side yard, side porch & 2 car parking are also included. The **brand-new, two-level ADU** is an exceptional addition, thoughtfully designed with approximately 900 sq. ft. of living space & is HERS rated & all electric central Heat & AC. This impressive second living space has it's own entrance from the back driveway on the 2nd level and is all new, featruing an open-concept kitchen & livingroom with a center island, granite, stainless steel appliances, 2bdrms & a full bath. The ADU also has its own deck and exclusive yard area & 2-car parking. Additional highlights for both include basement storage, new roofs, central A/C, new & newly refinished hardwood floors, fresh interior and exterior paint. Ideally located within walking distance to the Oak Grove bus, Highlands Commuter Rail, Whole Foods, restaurants, and Melrose High and Middle Schools, with easy access to the Fells Reservation, Route 1, and Route 93.**A truly unique offering combining the charm of a classic Melrose home with the versatility of a brand-new, energy-efficient ADU. Enjoy the flexibility, convenience, and lifestyle this exceptional property provides, all in a welcoming community just 7 miles from Boston!**

56 Franklin Street | MLS# 73599976

This multi-family property located at 56 Franklin Street, Melrose, MA 02176 is currently listed for sale with an asking price of $1,189,000. Search Melrose real estate on patrickcooper.masiellogrouprealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Partial, Unfinished
Cooling: Central Air
Heating: Forced Air, Oil, Central, Heat Pump, Ductless
Lot Size: 0.19 Acres
Roof Type: Shingle
Stories: 4.0
Taxes: $9,965
Year Built: 1900

Amenities

Ceiling Fan(s)
Storage
Stone/Granite/Solid Counters
Walk-In Closet(s)
Bathroom with Shower Stall
Bathroom With Tub & Shower
Upgraded Cabinets
Open Floorplan
Slider
Living Room
Kitchen
Laundry Room
Living RM/Dining RM Combo
Office/Den
Balcony/Deck

Feature Descriptions

Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Building Area Total: 2680
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 5
Dwelling Type: Multi Family
Electric: Circuit Breakers
Exterior: Frame
Flooring: Wood, Tile, Hardwood, Stone/Ceramic Tile
HeatingY/N: 1
Laundry: Washer Hookup, Dryer Hookup, Electric Dryer Hookup
Lot Features: Corner Lot
Parcel Number: 659579
Parking Features: Off Street, Assigned
Parking Total: 4
Patio And Porch: Deck
Rooms Total: 11
Sewer: Public Sewer
Units: 2
Utilities: for Gas Range, for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
Water: Public

Local Schools

High School: Melrose High
Middle School: Melrose Middle
Elementary School: Ask Super

Listed By / Shown By

Listed By

Agency Name: Compass
Agent Name: Leeman & Gately
Agency Phone: 617-206-3333

Shown By

Agent Name: Patrick Cooper
Agent Phone:
Agency Title: Better Homes and Gardens Real Estate The Masiello Group

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Estimated Payment

$ 3,823.41 per month $2,646.20 Principal & Interest $830.42 Property Tax $346.79 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 11/12/2026. The listing information on this page last changed on 11/12/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 11/12/2026 12:06:10 AM EST) or MLSPIN MLS (last updated Wed 11/11/2026 11:38:31 PM EST) or Prime MLS (last updated Wed 11/11/2026 11:32:43 PM EST) or MREIS (last updated Thu 11/12/2026 12:05:15 AM EST). Real estate listings held by brokerage firms other than Better Homes and Gardens Real Estate The Masiello Group may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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