437 Franklin St., Melrose MA 02176

Melrose, MA 02176

$3,500

Est. $1,452/month

2,500

Sq Ft

$1

Price/Sq Ft

0.11

Acres

1914

Year Built

81

Days on Market

Active Price Drop -$500 Listed Dec 2, 2025 • MLS# 73458935 Copied!

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About this home

Introducing a prime opportunity for your next business in the heart of Melrose. This unit offers great opportunity in the thriving Melrose Market. Located only steps away to the Melrose MBTA line. Previous use was a Dry Cleaner but many uses allowed. Flexible terms and buildout options.

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Property Overview

Listing Type

Commercial Lease

Year Built

1914

Living Area

2,500 sq ft

Facts & Features

Home Facts

Type Commercial Lease

Year Built 1914

Living Area 2,500 sq ft

Lot Size 0.11 acres

Interior

Heating None

Cooling None

Flooring None

Appliances None

Fireplace None

Basement None

Laundry None

Features None

Exterior

Construction None

Architecture None

Roof None

Features None

Pool None

Spa None

Fencing None

Patio/Porch None

Parking

Features None

Utilities

Electric None

Water None

Sewer None

Gas None

Other None

Financial

Annual Tax $14,806

Interior Features

Flooring:

Appliances:

Interior Features:

Windows:

Basement:

Laundry:

Security:

Construction & Materials

Year Built: 1914

Structure Type:

Exterior Materials:

Roof:

Foundation:

Heating, Cooling & Utilities

Heating:

Cooling:

Hot Water:

Water Source:

Sewer:

Energy Features:

Exterior & Lot

Exterior Features:

Patio & Porch:

Fencing:

Other Structures:

Lot Features:

Road Surface:

Parking & Garage

Parking Features:

Location

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Neighborhood

437 Franklin St., Melrose MA 02176

Melrose, MA 02176

Walkability

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Nearby Schools

School information not available for this location.

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Loan Amount

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Home Price

Down Payment

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Down: $0

Interest Rate

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Loan Term 30 years 15 years

Monthly Payment Breakdown

Principal & Interest $0

Property Tax $1,234

Homeowners Insurance $200

PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0

Total principal paid $0

Total interest paid $0

Rate Impact

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Payment Over Time

Interest

Principal

Year 1

95% Interest

Year 15

50/50

Year 30

95% Principal

* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

1

Price Changes

12.5%

Price Range

Property Timeline

↓

Price Reduced

Feb 17, 2026

$3,500 $500 (-12.5%)

From $4,000 to $3,500 (-12.5%)

🏠

Listed for Sale

Dec 2, 2025

$4,000

Original listing

Agent: Gianni De Palma Office: GDP Real Estate Group, LLC

Detailed History Table ▼

Date	Event	Price	Change	$/sqft	Details
02/17/2026	↓ Price Reduced	$3,500	$500	-	From $4,000 to $3,500 (-12.5%)
12/02/2025	🏠 Listed for Sale	$4,000	-	-	Original listing

Price & Status History

Date	Event	Price	Change
Feb 17, 2026	Price Changed	$3,500	-$500
Dec 2, 2025	New Listing Added	$4,000	—

Market Statistics

Days on Market

81 days

Price per Sq Ft

$1

Total Price Drop

-$500

Tax History

Year	Taxes	Assessment
2024	$14,806	—

Financial Details

Annual Property Tax

$14,806

Tax Year 2024

Listing Information

Listing Agent Gianni De Palma

Listing Office GDP Real Estate Group, LLC

Agent MLS ID CT004592

Office MLS ID AN2491

Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.