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Sold for $1,605,000 on 04/12/24
  • $1,605,000

    608 Franklin St, Melrose, MA 02176

    8beds
    5,339sqft
    5+ Family - 5+ Units Up/Down
    Built in 1895
    -- sqft lot
    $-- Zestimate®
    $301/sqft
    $1,988 Estimated rent

    Owner options

    List your home for rent

    $1,988/mo

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    $1,988/mo

    Rent Zestimate®

    Refinance and save

    $9,934/mo

    Est. payment

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    $9,934/mo

    Est. payment

    What's special

    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!

    Zillow last checked: 7 hours ago

    Listing updated: April 15, 2024 at 12:18pm

    Listed by:

    Pamela Bardhi,

    eXp Realty

    Bought with:

    Pamela Bardhi

    eXp Realty

    Source: MLS PIN,MLS#: 73191490

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 6
    • Full bathrooms: 6
    Heating
    • Hot Water
    Features
    • Flooring: Tile, Hardwood
    • Basement: Full,Walk-Out Access
    • Number of fireplaces: 3
    Interior area
    • Total structure area: 5,339
    • Total interior livable area: 5,339 sqft

    Property

    Parking
    • Total spaces: 10
    • Parking features: Paved Drive, Off Street, Paved
    • Has uncovered spaces: Yes
    Lot
    • Size: 0.27 Acres
    Details
    • Parcel number: M:B12 P:0000065,658475
    • Zoning: URA

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 5+ Family - 5+ Units Up/Down
    Materials
    • Foundation: Granite
    • Roof: Shingle
    Condition
    • Year built: 1895

    Utilities & green energy

    • Electric: Individually Metered
    • Sewer: Public Sewer
    • Water: Public, Individual Meter
    • Utilities for property: for Gas Range

    Community & neighborhood

    Community
    • Community features: Public Transportation, Shopping, Medical Facility, Laundromat, T-Station
    Location
    • Region: Melrose

    HOA & financial

    Other financial information
    • Total actual rent: 8450