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445 Franklin St., Melrose MA 02176

Melrose, MA 02176
$3,200
Est. $1,517/month
1,800
Sq Ft
$2
Price/Sq Ft
0.11
Acres
1914
Year Built
4
Days on Market
Active Listed Feb 17, 2026 • MLS# 73477760 Copied!

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
1,800 sq ft

Facts & Features

Home Facts

Type Commercial Lease
Year Built 1914
Living Area 1,800 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

Parking

Features None

Utilities

Electric None
Water None
Sewer None
Gas None
Other None

Financial

Annual Tax $15,613

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:

Parking & Garage

Parking Features:

Location

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Neighborhood

445 Franklin St., Melrose MA 02176

Melrose, MA 02176

Walkability

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Nearby Schools

School District
Melrose School District local
A
✓ School Safety 2024-25
0.6% Low
0.4% Suspensions 0.4% In-School 0.2% Emergency
↓ 4.9% below state avg
E

Elementary Schools

7 schools
St. Mary Elementary School
1.1 mi
Grades PK-08
A
Roosevelt School
0.3 mi | #124 of 824 | Score: 57.9
Improved 100 spots from last year
-0.4 below state avg
406 students Moderate
Rising School Strong Attendance
Grades K-05
Early Childhood Center
0.3 mi
246 students Moderate
Grades PK-K
A+
Horace Mann School
0.6 mi | #79 of 824 | Score: 60.5
Dropped 73 spots from last year
+2.3 above state avg
254 students Less Diverse
Strong Attendance
Grades K-05
A
Winthrop School
1.1 mi | #89 of 824 | Score: 59.8
Improved 1 spots from last year
+1.6 above state avg
392 students Less Diverse
Strong Attendance
Grades K-05
A
Lincoln School
1.2 mi | #130 of 824 | Score: 57.6
Improved 194 spots from last year
-0.6 below state avg
404 students Diverse
Rising School
Grades K-05
A-
Herbert Clark Hoover School
1.6 mi | #218 of 824 | Score: 54.0
Dropped 88 spots from last year
-4.2 below state avg
260 students Moderate
Grades K-05
M

Middle Schools

1 school
A-
Melrose Middle School
0.3 mi | #92 of 352 | Score: 50.4
Improved 6 spots from last year
-7.8 below state avg
886 students Moderate
Grades 06-08
Learn about these ratings
School data provided by BMN Schools

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $1,301
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

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

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

Property Timeline

🏠
Listed for Sale
Feb 17, 2026
$3,200
Original listing
Agent: Gianni De Palma Office: GDP Real Estate Group, LLC

Price & Status History

Date Event Price Change
Feb 17, 2026 New Listing Added $3,200 —

Market Statistics

Days on Market
4 days
Price per Sq Ft
$2

Tax History

Year Taxes Assessment
2025 $15,613 —

Financial Details

Annual Property Tax
$15,613
Tax Year 2025

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.

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Steven Novak

Steven Novak

BMN Boston Real Estate

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