Rare Waterfront Two-Family in the heart of downtown Melrose! Offering stunning views of Ell Pond, this property boasts an unbeatable location close to everything that makes Melrose a special place to live. Enjoy convenient access to Whole Foods, Shaw's Market, the Commuter Rail, Oak Grove, bus line, the Farmers Market, Library, YMCA, barre and yoga studios, a dog park, schools, and the vibrant downtown restaurants and shops-all within walking distance! Featuring soaring ceilings with wood beams and skylights in some rooms, the interior's feel bright and open. Two private decks provide a tranquil setting to unwind, take in the scenic Ell Pond views, or enjoy kayaking, paddleboarding, and even glimpses of the resident swans. Additional perks include in-unit laundry, separate utilities, and four off street parking spaces. Whether you are looking for an ideal owner - occupied home or a sound investment property, this unique two-family offering is not to be missed!