Franklin Street Condominiums

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**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, 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 minutes from Boston!**

More Info

Basic Information

  • Bedrooms5
  • Mls StatusNew
  • Bathroom4
  • Parcel Number 659579
  • Unit Number56

Tax Information

  • Tax Assessed Value $868,800
  • Tax Year 2026
  • Taxes$9,965

School Information

  • High School Melrose High
  • Elementary SchoolAsk Super
  • High SchoolMelrose
  • Junior HighMelrose Middle

Parking

  • Parking Spaces4
  • Open Parking YN Yes
  • Parking Features Off Street, Assigned, Paved

Rooms

  • Bathroom 1 Second,9 x 6
  • Bathroom 2 Third,13 x 12
  • Bathroom 3 Third,9 x 7
  • Bathrooms Total Decimal 3.5
  • Bedroom 2 Third,12 x 12
  • Bedroom 3 Third,11
  • Bedroom 4 Second,17 x 10
  • Bedroom 5 Third,13 x 9
  • Dining Room Second,19 x 8
  • Full Bath3
  • Half Baths1
  • Kitchen Second,17 x 12
  • Living Room Second,12 x 11
  • Master Bedroom Second,12
  • Office Second,9 x 9

Basic Information

  • List Price$1,189,000
  • MLS Number73599459
  • Modification Date11/05/2026
  • Property SubTypeCondominium

Location

  • SubdivisionFranklin Street Condominiums
  • Address56 Franklin Street
  • Building Number56
  • CountyMiddlesex
  • StateMA
  • StreetFranklin Street
  • TownMelrose
  • Zip02176

Building

  • BasementY
  • Building Area Units Square Feet
  • Construction Materials Frame
  • Entry Level 2
  • Patio And Porch Features Deck
  • Property NameFranklin Street Condominiums
  • Rooms11
  • Stories2
  • Year Built1900
  • Year Built Details Approximate
  • Year Built Effective 2026
  • Year Built Source Public Records

Interior

  • Flooring Tile, Hardwood, Flooring - Hardwood
  • Interior Features
    • Bathroom - Half
    • Closet
    • Closet/Cabinets - Custom Built
    • Countertops - Stone/Granite/Solid
    • Kitchen
    • Kitchen Island
    • Media Room
    • Office
    • Recessed Lighting

Exterior

  • Exterior Features Balcony / Deck, Deck, Storage
  • RoofShingle, Rubber

Utilities

  • Cooling Central Air
  • Cooling YN Yes
  • Electric Circuit Breakers
  • Heat SystemYes
  • Heating Forced Air, Oil
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Square Feet2,680
  • Building Area Source Measured
  • Living Area 2,680
  • Lot Size Units Acres
  • Property Attached YN Yes
  • Structure Type Townhouse,2/3 Family, Attached

Amenities

  • Amenities
    • Conservation Area
    • Golf
    • Highway Access
    • House of Worship
    • Laundromat
    • Medical Facility
    • Park
    • Pool
    • Private School
    • Public School
    • Public Transportation
    • Shopping
    • T-Station
    • Tennis Court(s)
    • Walk/Jog Trails
  • Appliances IncludedRange, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
  • Other AmenitiesBasement, Golf, Tennis
  • PetsYes

Other

  • Association Fee $525
  • Association Fee Includes Insurance, Maintenance Grounds, Snow Removal, Reserve Funds
  • Date Listed11/05/2026
  • Farm Land Area Units Square Feet
  • View Count1

Map Location

Driving Directions

Listed by Leeman & Gately of Compass

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