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!
Sold for $1,025,000 on 04/24/25
$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
What's special
Zillow last checked: 7 hours ago
Listing updated: April 24, 2025 at 11:59am
Listed by:
Kimberly Kearns-Nardone,
Kearns Nardone Realty LLC,
Vanessa Palmieri
Bought with:
Leeman & Gately
Compass
Source: MLS PIN,MLS#: 73347838
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Oil
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
- Has uncovered spaces: Yes
Features
- Patio & porch: Enclosed
- Exterior features: Rain Gutters
- Fencing: Fenced
Lot
- Size: 8,242 sqft
- 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 & neighborhood
Community
- 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
HOA & financial
Other financial information
- Total actual rent: 0
Other
Other facts
- Road surface type: Paved
Services availability

Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.