Financial
Distress signals
Property profile

513-517 Franklin St Melrose, MA 02176

OFF-MARKET
Investment properties
Property ID
US38-1887053
2,770 SF 0.1 ac lot Built 1918
Last sale Jan 2004 · $500,000
Individually Owned Owner of record is an individual. 22-yr Hold Held for 22 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2024$712k
Assessed land$354k
Assessed improvement$358k

Value estimate

· Sep 2026
$560k
$504k – $616k
CAP approach$705k
Submarket $/SF estimate$454k

Realmo valuation models over county records and 15 qualifying comparable sales.

Recently sold

What actually traded nearby?
$258/SF
County average, outlier-cleaned · 830 recorded sales of this use type
Observed band · Q1–Q3$130 – $413
Qualifying comparables15

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
BA2
JurisdictionMELROSE

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant16.7
Clothing Store15.5
Parking Facility14.8

Location

513-517 Franklin St Melrose, MA 02176
County assessor Recorded deeds · 3 transfers 15 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
73 Essex, Melrose, MA 02176-3103 $850,000 May 2024 2,188 SF
532 Lebanon, Melrose, MA 02176-3519 $190,000 Feb 2024 2,988 SF
35 Grn, Melrose, MA 02176-2800 $1,200,000 Jul 2023 2,202 SF
161 Wyoming, Melrose, MA 02176-3629 $775,000 Oct 2022 2,943 SF
837 Main, Melrose, MA 02176-2715 $308,000 Jul 2022 2,215 SF
63-65 Grv, Melrose, MA 02176 $650,000 Aug 2020 2,913 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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