Active
126 Days on market
601 Franklin Street #2 Melrose — Photo 1 of 32

601 Franklin Street #2 Melrose — Photo 1 of 32

Recent Drop: $20,900

$499,900
$479,000

$479,000

601 Franklin Street #2, Melrose, MA 02176

Melrose, MA 02176 — Melrose Highlands

Beds

3

Baths

1

SqFt

1,330

Style

Condominium

Built

1910

Stop renting and start living the Melrose lifestyle! This spacious 3-bedroom condo offers an unbeatable 0.2-mile walk to the commuter rail, making your Boston commute a breeze. Inside, you'll find charming coffered ceilings, an open layout, and a fully equipped kitchen with Haier refrigerator (2022), Bosch dishwasher (2022) and gas range. Modern must-haves are all here—in unit laundry with 2024 LG all-in-one washer/dryer combo, extra storage, and a warm, pet-friendly community. Most importantly, your monthly budget is predictable: heat and hot water are included in the condo fee! Nestled near the famous Sheepfold trails and just half a mile from local pet care and grooming, it’s a paradise for you and your four-legged friends. Low maintenance, high convenience, and a rare 3-bedroom find in Melrose’s most walkable pocket.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$360/sqft
Local Avg (Melrose)$578/sqft
38% BelowMarket Average

* Analysis is based on 15 actively listed and recently sold comparable properties strictly within Melrose, MA.

Property Details

Financials

Original Price$499,900
Annual Taxes$4,174
HOA Fee$755.02

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms6
Fireplaces1
FlooringTile, Hardwood
BasementN

Climate & Utilities

HeatingSteam
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame, Brick, Stone
Roof--
Foundation--
ZoningURC

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomKitchenMaster BedroomBedroom 2Bedroom 3Bathroom 1
Living Room
Lvl First

13.333333333 x 7.833333333

Ceiling Fan(s), Flooring - Hardwood, Lighting - Overhead, Crown Molding

Dining Room
Lvl First

15.333333333 x 11.416666666

Coffered Ceiling(s), Flooring - Hardwood, Wainscoting, Lighting - Overhead, Crown Molding, Decorative Molding

Kitchen
Lvl First

11.75 x 9.083333333

Flooring - Hardwood, Pantry, Stainless Steel Appliances, Gas Stove, Lighting - Overhead

Master Bedroom
Lvl First

14.5 x 12.166666666

Coffered Ceiling(s), Walk-In Closet(s), Flooring - Hardwood, Lighting - Overhead, Crown Molding

Bedroom 2
Lvl First

9.583333333 x 10.75

Bedroom 3
Lvl First

11 x 12

Closet, Flooring - Hardwood, Lighting - Overhead, Crown Molding

Bathroom 1
Lvl First

7.333333333 x 5.416666666

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Lighting - Overhead, Crown Molding

Property History

Price Drop
$479,000

Was $479,900

Jun 11, 2026

MLS® 73513959

Price Drop
$479,900

Was $499,900

Jun 5, 2026

MLS® 73513959

Listed
$499,900

May 6, 2026

MLS® 73513959

Terminated
$498,500

Apr 3, 2026

MLS® 73472364

Listed
$498,500

Jan 28, 2026

MLS® 73472364

Population

29,650

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$134K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

32.8%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Middlesex County

2,667 housing units permitted in the last 12 months (-2% vs the prior 12 months) — 1,709 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Joanne Rodrigues

Listing Office: Redfin Corp.

MLS® Number: 73513959

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