608 Franklin St, Melrose, MA 02176 - Photo 1

1/1

$1,605,000

Sold
Closed
Multi-Family
5 Units
8 Total Beds
0.27 Acres

1/1

Property Description

ATTENTION INVESTORS: Prime opportunity in transit-oriented, downtown Melrose - named one of the hottest zip codes in America! Rarely found in the heart of Melrose, this fully rented, updated and turnkey 5-unit multifamily property with 10 parking spots is a masterpiece of architecture and financial opportunity. Each unit boasts exquisite woodwork, infusing classic charm with contemporary living. Nestled steps next to the Melrose Highlands train station with easy commute to Boston, surrounded by shops, restaurants, Wholefoods, and minutes to beautiful Ell Pond, this property caters to the demands of modern life, making it a hotspot for tenants seeking accessibility and a stress-free commute. With fully occupied, turnkey rentals, enjoy a hassle-free income stream and let your investment work for you. Don't miss out on this golden opportunity to acquire a fully rented, turnkey multifamily property with value-add upside in one of Massachusetts' most sought-after locations!

Full Property Details

Full Property Details for 608 Franklin St

General

Sold For: $1,605,000
Taxes: $12,359 (2023)
Status: Closed
Type: Multi-Family
MLS ID: 73191490
Added to Site: 775 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 6
Full Bathrooms: 6

Bedrooms

Total Bedrooms: 8

Parking

Parking Features: Paved Drive, Off Street, Paved

Location

County: Middlesex

Structural Information

Basement: Yes
Stories/Levels: 9
Square Feet: 5,339
Year Built: 1895

Lot Features

Lot Size (Acres): 0.27

Financial Considerations

Tax Amount: $12,359
Tax Year: 2023

Disclosures and Reports

Property ID: M:B12 P:0000065, 658475

Listed and Sold by eXp Realty, Pamela Bardhi

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Listing agent

— 608 Franklin St —

Pamela Bardhi

eXp Realty

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Schools

Schools serving 608 Franklin St

School District:Melrose School District

Name	Grades	Distance
Roosevelt Elementary School 253 Vinton Street, Melrose, MA 02176	K-5	0.2 mi
Horace Mann Elementary School, Melrose, MA 40 Damon Avenue, Melrose, MA 02176	K-5	0.7 mi
Lincoln Elementary School, Melrose, MA 80 West Wyoming Avenue, Melrose, MA 02176	K-5	1.1 mi
Melrose Middle School 350 Lynn Fells Parkway, Melrose, MA 02176	6-8	0.4 mi
Melrose High School 360 Lynn Fells Parkway, Melrose, MA 02176	9-12	0.3 mi
Winthrop Elementary School 162 1st Street, Melrose, MA 02176	K-5	1.2 mi
Hoover Elementary School 37 Glendower Road, Melrose, MA 02176	K-5	1.7 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 608 Franklin St

Date

Details

Price

Change

Source

4/12/2024

Sold

$1,605,000

0.31%

MLS

1/07/2024

Listed

$1,599,990

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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2
Beds
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1,020
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Price Reduced

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Price Reduced

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Beds
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Total Baths
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Sq. Ft.

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Active
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Beds
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Total Bath
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Sq. Ft.

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Beds
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Total Baths
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Sq. Ft.

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Single Family
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3
Beds
3
Total Baths
3,364
Sq. Ft.

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Sold

$1,590,000

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Single Family
Closed

3
Beds
4
Total Baths
2,700
Sq. Ft.

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Sold

$1,525,000

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Single Family
Closed

5
Beds
3
Total Baths
2,898
Sq. Ft.

608 Franklin St, Melrose, MA 02176 (MLS# 73191490) is a Multi-Family property that was sold at $1,605,000 on April 12, 2024. Want to learn more about 608 Franklin St? Do you have questions about finding other Multi-Family real estate for sale in Melrose Highlands? You can browse all Melrose Highlands real estate or contact a Coldwell Banker agent to request more information.

608 Franklin St Melrose, MA 02176