This grand two-family home blends charm and versatility, featuring a massive owner’s unit and beautifully preserved details like elegant wainscoting, soaring ceilings, and original hardwood floors.The expansive owner’s unit spans the 2nd and 3rd floors, offering 5 bedrooms, 2 full baths, a formal dining room, a bright living room, and a charming three-season porch with stained glass picture window. Large windows allow natural light to pour in, creating a warm, inviting atmosphere.The first-floor unit equally impressive, with 2 bedrooms, 1 bath, a formal dining room, a living room, a sun porch, and a private entrance. Both units share a large basement for ample storage, and the home features newer high-efficiency heating systems with separate utilities.This is a fantastic investment with projected rents of $6,600+ per month, or perfect for an end user seeking single-family-style living with the first-floor unit providing income to help subsidize costs.Prime Melrose Highlands location

Property Details

Price:
$1,249,000
MLS #:
73300757
Status:
Active
Beds:
7
Baths:
3
Address:
752 Franklin St
Type:
Multi Family
Subtype:
2 Family – 2 Units Up/Down
City:
Melrose
Listed Date:
Oct 10, 2024
State:
MA
Finished Sq Ft:
3,713
Total Sq Ft:
3,713
ZIP:
02176
Lot Size:
7,723 sqft / 0.18 acres (approx)
Year Built:
1880
Units:
2

Schools

Middle School:
Melrose
High School:
Melrose

Interior

Appliances
Range, Dishwasher, Microwave, Refrigerator
Bathrooms
3 Full Bathrooms
Cooling
None
Fireplaces Total
1
Flooring
Tile, Hardwood
Heating
Hot Water, Natural Gas

Exterior

Community Features
Public Transportation, Shopping, Tennis Court(s), Park, T- Station
Construction Materials
Frame
Parking Features
Paved Drive, Off Street
Parking Spots
8
Roof
Shingle, Rubber

Financial

Net Operating Income
$33,600
Tax Year
2024
Taxes
$9,701

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CRP: Certified Relocation Professional
CRS: Certified Residential Specialist
GRI: Graduate of Realtors Institute
CBR: Certified Buyers Representative
BSBA: Bachelor of Science in Business Administration. Babson College 1979
MBA: Master of Business Administration. Babson College 2002

James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…

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752 Franklin St
Melrose, MA