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Three-Bedroom Residential Income Property
For Sale
$479,000

601 Franklin Street, Melrose, MA 02176

Condominium offers coffered ceilings, open living space, in-unit laundry, and included heat and hot water.

Property SizeContact for details
Days on Market132

Property Features for 601 Franklin Street

General Information

Standard status Active
Property subtype Apartment

Amenities

Range
Dishwasher
Disposal
Microwave
Refrigerator
Window Unit(s)
1 Fireplace
Tile
Hardwood
Steam
$4,174 Taxes
Public
Built in 1910

Building Details

Year Built 1910
Listing Agency: Redfin Corp.
Listed By: Joanne Rodrigues
Source: Donahuere
Added: May 6 Changed: Sep 12 Last Checked: Sep 14 at 5:17AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Redfin Corp.

Investment Insights

Based on property information with market context.

This three-bedroom condominium, built in 1910, combines period character with practical updates. The interior includes coffered ceilings, an open layout, and a kitchen equipped with a Haier refrigerator and Bosch dishwasher, both installed in 2022, along with a gas range. In-unit laundry is provided by a 2024 LG all-in-one washer/dryer, and additional storage is available.

The property is located 0.2 miles from the commuter rail, providing a short walk to rail service. Community features include a pet-friendly setting, while heat and hot water are included in the condo fee. The residence is also situated near the Sheepfold trails.

Key Highlights

  • Three‑bedroom condominium built in 1910
  • 0.2‑mile walk to the commuter rail
  • Coffered ceilings and open interior layout

Property Analytics

Current Use

Residential income properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Parking Lot & Garage Big Box & Wholesale Store Acupuncture Auto Parts Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

525
Businesses Nearby

Demographics for 02176, MA

29,817
Population
12,724
Households
2.3
Avg Household Size
41
Median Age
62%
College-Educated
95%
High-School Grad
4.7 sq mi
ZIP Area
6,344
Density / Sq Mi
$126,854
Median Household Income
$80,293
Median Earnings
$1,933
Median Rent
$796,100
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential income property - Condominium offers coffered ceilings, open living space, in-unit laundry, and included heat and hot water.
Where is this residential income property located?
The property is located at 601 Franklin Street Melrose, MA.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Three‑bedroom condominium built in 1910; 0.2‑mile walk to the commuter rail; Coffered ceilings and open interior layout
More about this property
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