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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, 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!**

More Info

Basic Information

  • Listing Terms Contract
  • Lot Features Corner Lot
  • Mls StatusNew
  • Parcel Number 659579
  • Road Frontage DescriptionPaved

Tax Information

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

School Information

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

Parking

  • Parking Features Off Street, Assigned
  • Parking Spaces4

Rooms

  • Bathroom4
  • Bathrooms Total Decimal 3.5
  • Bedrooms5
  • Full Bath3
  • Half Baths1

Basic Information

  • List Price$1,189,000
  • MLS Number73599976
  • Modification Date11/07/2026
  • Property SubTypeMulti Family

Location

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

Building

  • BasementPartial, Unfinished
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationConcrete Perimeter
  • Levels 4
  • Patio And Porch Features Deck
  • Rooms11
  • Stories4
  • Units2
  • Utilities For Gas Range, For Electric Range, For Electric Oven, For Electric Dryer, Washer Hookup
  • Year Built1900
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.19

Interior

  • Flooring Wood, Tile, Hardwood, Stone/Ceramic Tile
  • Interior Features
    • Bathroom With Tub & Shower
    • Bathroom with Shower Stall
    • Ceiling Fan(s)
    • Kitchen
    • Laundry Room
    • Living RM/Dining RM Combo
    • Living Room
    • Office/Den
    • Open Floorplan
    • Slider
    • Stone/Granite/Solid Counters
    • Storage
    • Upgraded Cabinets
    • Walk-In Closet(s)

Exterior

  • Exterior Features Balcony/Deck
  • RoofShingle

Utilities

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

Property Information

  • Building Area Source Measured
  • Living Area 2,680
  • Lot Size Square Feet 8,242
  • Lot Size Units Acres
  • Square Feet2,680

Amenities

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

Other

  • Date Listed11/07/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Leeman & Gately of Compass

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