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601 Franklin Street 2Melrose, MA 02176

For Sale

$479,000

Smart Buyer Rebate - Ask

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.

Listed by Joanne Rodrigues

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Redfin Corp.

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978-378-5210

Last updated June 15, 2026

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Source: MLSPin #73513959

Listing Facts

  • TypeCondo
  • NeighborhoodMelrose Highlands
  • Bedrooms3
  • Bathrooms1
  • Days on Prevu40
  • HOA/Maint. Fees$755.02/month
  • Taxes$4,174/year
  • Size1,330 sqft
  • Price per sqft$360

Amenities

  • Dishwasher
  • Pets Allowed
  • Parking
  • Storage

Location

Mortgage Calculator

Listing History

06/11/2026
Status changed to Active
$479,000
06/11/2026
Price Decreased
$479,000
06/11/2026
Status changed to In Contract
$479,900
06/05/2026
Price Decreased
$479,900
05/06/2026
Listed by Redfin Corp.
$499,900

Property Details for 601 Franklin Street 2

Association

Amenities

  • Association Amenities: Hot Water, Storage
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House Of Worship, Public School, T-Station
  • Pets Allowed: Yes w/ Restrictions

Fees

  • Association Fee: $755.02 Monthly
  • Association Fee Includes: Heat, Insurance, Maintenance Grounds, Snow Removal

Exterior

Construction

  • Number Of Units Total: 19
  • Property Attached: Yes
  • Structure Type: Mid-Rise
  • Year Built: 1910
  • Year Built Details: Approximate
  • Building Name: Undercliff Terrace Condominiums
  • Common Walls: Corner
  • Construction Materials: Frame, Brick, Stone
  • Entry Level: 1
  • Entry Location: Unit Placement(Front)

Measurements

  • Building Area Total: 1,330
  • Building Area Units: Square Feet
  • Lot Size Units: Acres

Financial

Taxes

  • Parcel Number: M:B12 P:053012,4606919
  • Tax Annual Amount: $4,174.00
  • Tax Assessed Value: $421,600.00
  • Tax Year: 2025

Interior

Features

  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
  • Fireplace Features: Dining Room
  • Fireplace: Yes
  • Fireplaces Total: 1
  • Flooring: Tile, Hardwood

Measurements

  • Living Area: 1,330
  • Living Area Source: Public Record

Rooms

  • Basement: N
  • Bathrooms Full: 1
  • Bathrooms Total Integer: 1
  • Bedrooms Total: 3
  • Rooms Total: 6

Other

General

  • Exclusions: Washer And Dryer Combo

Parking

Parking

  • Open Parking Spaces: 1
  • Parking Features: Off Street
  • Parking Total: 1

Schools

Elementary School

  • Elementary School: Roosevelt

High School

  • High School: Melrose High

Middle or Junior School

  • Middle Or Junior School: Melrose Middle

Utilities

Equipment

  • Cooling: Window Unit(s)
  • Has Cooling: Yes
  • Electric: 100 Amp Service
  • Heating: Steam
  • Has Heating: Yes
  • Laundry Features: First Floor, In Unit
  • Sewer: Public Sewer
  • Utilities: For Gas Range
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this condo have?

There are 3 bedrooms and 1 bathroom in this condo at 601 Franklin Street 2.

What schools are nearby to 601 Franklin Street 2?

Nearby schools include the Roosevelt Elementary School, Melrose Middle, and Melrose High.

Does this condo have parking?

Yes, there is 1 parking space available for 601 Franklin Street 2.

Are pets allowed at 601 Franklin Street?

Yes, 601 Franklin Street allows pets. Check the Property Details for any relevant restrictions.

What are the annual taxes for 601 Franklin Street 2?

Annual taxes for this condo are estimated at $4,174.

What building or home owners association is the condo part of?

This condo is in the Undercliff Terrace Condominiums building.

What is the square footage on this condo?

According to the MLS, this listing is 1,330 sqft.

601 Franklin Street 2 is a 3-bedroom, 1-bath condo for sale in Melrose MA 02176. On Prevu for 40 days at $479,000. This includes a recent price decrease of $900. This property features 1,330 square feet of living space, located in Melrose. The median listing price for condos in this area is $847,000. Nearby schools include Roosevelt Elementary School, Melrose Middle, and Melrose High. The home offers dishwasher, pets allowed, storage, and parking. Explore more condo listings in Melrose.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.