Abstract: Convertible furniture comprising a bed frame pivotally mounted about a transverse axis between raised and lowered positions. Means is provided for applying a torque on the frame acting opposite to the force of gravity so that the forces are in substantial equilibrium in an intermediate arc of travel. In one embodiment a utility module such as a love seat is mounted with the frame through a parallelogram connection, and a latch mechanism is provided for releasable locking the frame in its horizontal position. In another embodiment a bed frame is pivotally mounted to move into a wall cavity, and a latch mechanism is provided for releasably locking the bed in either its raised or lowered positions.