56 Franklin Street Melrose, MA $ 1,189,000
56 Franklin Street
$ 1,189,000
Recently Listed
Open House 11/7 12pm - 1:30pm
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56 Franklin Street

Melrose, MA, 02176
$ 1,189,000
Bedrooms5 Baths3.1 Sq 2,680

Monthly Estimate*

$ 8,212

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Multi-Family Home for sale in Melrose, MA

for $1,189,000 with 5 bedrooms and 3 full baths, 1 half bath. This 2,680 square foot home was built in 1900 on a lot size of 0.19.

*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!**

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Open House

11/7/2026 12:00 PM - 1:30 PM
11/8/2026 12:00 PM - 1:30 PM
56 Franklin Street Melrose, MA
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Multi-Family Active

Price

$ 1,189,000

Bedrooms

5

Full Bath

3

Half Bath

1

Property Type

Multi-Family

Taxes

$ 9,965

Style

Multi Family

Lot Size

0.19

Year Built

1900

Town/City

Melrose

County/Region

Middlesex

MLS | Web ID

73599976

List By
Leeman & Gately

Listing Agent

Compass

Broker

Affordability Calculator

$9,043
Per Month
91%
9%
0%
Monthly Principal & Interest
$8,212
Monthly Property Taxes
$830
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Pricing History
DatePricePrice ChangeDescription
11/7/2026$1,189,000 Listed Price

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56 Franklin Street, Melrose, MA, 02176 is a Multi-Family Home for sale at $1,189,000 with 2,680 sqft and a lot size of 0.19. 56 Franklin Street has 5 bedrooms, 3.1 baths, and was built in 1900. The property's zip code is 02176 which is in Melrose, MA