403 Franklin St, Melrose MA 02176 - Preview 1 403 Franklin St, Melrose MA 02176 - Preview 2 403 Franklin St, Melrose MA 02176 - Preview 3 403 Franklin St, Melrose MA 02176 - Preview 4 403 Franklin St, Melrose MA 02176 - Preview 5 403 Franklin St, Melrose MA 02176 - Preview 6 403 Franklin St, Melrose MA 02176 - Preview 7 403 Franklin St, Melrose MA 02176 - Preview 8 403 Franklin St, Melrose MA 02176 - Preview 9 403 Franklin St, Melrose MA 02176 - Preview 10 403 Franklin St, Melrose MA 02176 - Preview 11 403 Franklin St, Melrose MA 02176 - Preview 12 403 Franklin St, Melrose MA 02176 - Preview 13 403 Franklin St, Melrose MA 02176 - Preview 14 403 Franklin St, Melrose MA 02176 - Preview 15 403 Franklin St, Melrose MA 02176 - Preview 16 403 Franklin St, Melrose MA 02176 - Preview 17 403 Franklin St, Melrose MA 02176 - Preview 18 403 Franklin St, Melrose MA 02176 - Preview 19 403 Franklin St, Melrose MA 02176 - Preview 20 403 Franklin St, Melrose MA 02176 - Preview 21 403 Franklin St, Melrose MA 02176 - Preview 22 403 Franklin St, Melrose MA 02176 - Preview 23 403 Franklin St, Melrose MA 02176 - Preview 24 403 Franklin St, Melrose MA 02176 - Preview 25 403 Franklin St, Melrose MA 02176 - Preview 26 403 Franklin St, Melrose MA 02176 - Preview 27
403 Franklin St, Melrose MA 02176 - Preview 1 403 Franklin St, Melrose MA 02176 - Preview 2 403 Franklin St, Melrose MA 02176 - Preview 3 403 Franklin St, Melrose MA 02176 - Preview 4 403 Franklin St, Melrose MA 02176 - Preview 5 403 Franklin St, Melrose MA 02176 - Preview 6 403 Franklin St, Melrose MA 02176 - Preview 7 403 Franklin St, Melrose MA 02176 - Preview 8 403 Franklin St, Melrose MA 02176 - Preview 9 403 Franklin St, Melrose MA 02176 - Preview 10 403 Franklin St, Melrose MA 02176 - Preview 11 403 Franklin St, Melrose MA 02176 - Preview 12 403 Franklin St, Melrose MA 02176 - Preview 13 403 Franklin St, Melrose MA 02176 - Preview 14 403 Franklin St, Melrose MA 02176 - Preview 15 403 Franklin St, Melrose MA 02176 - Preview 16 403 Franklin St, Melrose MA 02176 - Preview 17 403 Franklin St, Melrose MA 02176 - Preview 18 403 Franklin St, Melrose MA 02176 - Preview 19 403 Franklin St, Melrose MA 02176 - Preview 20 403 Franklin St, Melrose MA 02176 - Preview 21 403 Franklin St, Melrose MA 02176 - Preview 22 403 Franklin St, Melrose MA 02176 - Preview 23 403 Franklin St, Melrose MA 02176 - Preview 24 403 Franklin St, Melrose MA 02176 - Preview 25 403 Franklin St, Melrose MA 02176 - Preview 26 403 Franklin St, Melrose MA 02176 - Preview 27

403 Franklin St, Melrose MA 02176

Melrose, MA 02176
$3,500/mo
1,977
Sq Ft
0.30
Acres
1989
Year Built
43
Days on Market
Rented 2026 Listed Oct 17, 2025 • MLS# 73445044 Copied! • Updated Jan 3, 2026

Track this home for price, status, and open-house alerts.

Sale Statistics

Sale Overview
Original List Price: $3,000
Final Sale Price: $3,500
Difference: +$500 (+16.7%)
Performance Metrics
116.7%
List to Sale Ratio
Sold above asking price
43
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $2
Sale $/sq ft: $2
This property sold for $2 per square foot
Sale Summary

This property sold for 16.7% above the original asking price, indicating strong buyer demand.

The property spent 43 days on market before selling.

About this home

First class office space! Strategically positioned in Melrose Highlands area, this versatile 1,900+ SF commercial space presents an exceptional opportunity for medical, professional office, or retail use. The first-floor layout offers maximum flexibility with five private offices surrounding a spacious common area, plus a dedicated front entrance that ensures excellent visibility and accessibility. Steps from Highlands commuter rail station, this location combines suburban charm with urban convenience. The thoughtful floor plan includes two bathrooms and a kitchenette, while individually controlled HVAC systems provide year-round comfort. Abundant parking serves the property through both an on-site lot and convenient street parking. This blank canvas awaits your vision and presents an ideal opportunity to customize to your specific business needs. Available December 1st or earlier upon mutually agreeable date.

Price & Status History

Market Insights

26.7%
Price Range

Property Timeline

Current Active Listing - MLS #73593006
Full transaction history available when tracking began
🏡
Currently Listed
Oct 20, 2026
$2,200
MLS #73593006 - Active
View Listing →
✓
Leased
Jan 1, 2026
Rental listing closed
🏠
Listed for Rent
Oct 17, 2025
$3,000
Original listing
Agent: Kate Cote Office: Leading Edge Real Estate

Tax History

Year Taxes Assessment
2025 $18,971 —

Financial Details

Annual Property Tax
$18,971
Tax Year 2025

Facts & Features

Home Facts

Type Commercial Lease
Year Built 1989
Living Area 1,977 sq ft
Lot Size 0.30 acres

Rental Details

Rent Includes None
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None
Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features None

Utilities

Electric None
Water None
Sewer None
Gas None
Other Public Water, Public Sewer

Building & Pet Policy

Fee Includes None
Amenities None
Optional Fee Includes None
Possession None
Accepted Financing None
Structure Type []
Documents None
County Middlesex

Property Overview

Listing Type
Leased
Year Built
1989
Living Area
1,977 sq ft

Floor Layout

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1989
Structure Type:
Exterior Materials:
Roof:
Foundation:

Utilities & Systems

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:
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 | #107 of 825 | Score: 58.8
Improved 117 spots from last year
+0.6 above state avg
366 students Moderate
Rising School Strong Attendance
Grades K-05
Early Childhood Center
0.3 mi
247 students Diverse
Grades PK-K
A+
Horace Mann School
0.5 mi | #74 of 825 | Score: 60.6
Dropped 68 spots from last year
+2.3 above state avg
258 students Moderate
Strong Attendance
Grades K-05
A+
Winthrop School
1.1 mi | #79 of 825 | Score: 60.3
Improved 11 spots from last year
+2.1 above state avg
372 students Less Diverse
Strong Attendance
Grades K-05
A-
Lincoln School
1.2 mi | #205 of 825 | Score: 54.6
Improved 119 spots from last year
-3.6 below state avg
387 students Diverse
Rising School Diverse Student Body Strong Attendance
Grades K-05
A-
Herbert Clark Hoover School
1.6 mi | #204 of 825 | Score: 54.6
Dropped 74 spots from last year
-3.6 below state avg
266 students Moderate
Strong Attendance
Grades K-05
M

Middle Schools

1 school
A-
Melrose Middle School
0.3 mi | #89 of 352 | Score: 50.7
Improved 9 spots from last year
-7.5 below state avg
830 students Moderate
Grades 06-08
Learn about these ratings
School data provided by BMN Schools

Location

Loading map...

Neighborhood

403 Franklin St, Melrose MA 02176

Melrose, MA 02176

Listing Information

Listing Agent Kate Cote
Listing Office Leading Edge Real Estate
Office Phone 781-979-0100
Agent MLS ID CN221983
Office MLS ID AN4646
Listing Data Updated Jan 3, 2026 9:09 AM EST
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

Steve Novak Real Estate
Steve Novak Real Estate
BMN Boston Powered by SERHANT
mail@steve-novak.com
Ask about this property — free, no obligation.

Similar Rentals

Market Analytics for Melrose, MA

Real-time market trends and pricing data for this area

Loading market insights for Melrose.