721 Franklin Street, Melrose, MA 02176

Melrose
Local realty services provided by:Better Homes and Gardens Real Estate The Shanahan Group
721 Franklin Street,Melrose, MA 02176
$1,199,000
  • 8 Beds
  • 4 Baths
  • 4,006 sq. ft.
  • Single family
  • Active
Listed by: paul c. coogan
Office: brad hutchinson real estate
MLS#:73532589
Source:MLSPIN

Price summary

  • Price:$1,199,000
  • Price per sq. ft.:$299.3

About this home

We are delighted to offer a unique opportunity in the Melrose Highlands. One of Melrose's finest grand turn of the century homes is now available for the home owner to lovingly restore or the house flipper to flip or a developer to search possibilities. It needs extensive work outside but it is in reasonably good condition inside with most of the original fine features still intact. We have a 4000 square foot single family 8 bedroom home plus a 20 x 20 carriage house with a cement floor that can be used as a two car garage that has a second floor with separate entrance that has possibilities to be an ADU. This home was built as a single but functioned as a two family at one time but now is back to a single.

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Home facts

  • Year built:1920
  • Subdivision & Development:Melrose Highlands
  • Listing ID #:73532589
  • Updated:August 23, 2026 at 10:58 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Full bathrooms:3
  • Half bathrooms:1
  • Rooms Total:15
  • Flooring:Flooring - Hardwood, Flooring - Vinyl, Flooring - Wood, Wood
  • Dining Description:Closet/Cabinets - Custom Built, Crown Molding, Hardwood, Pocket Door, Wainscoting
  • Bathrooms Description:Bathroom - Full
  • Kitchen Description:Cabinets - Upgraded, Countertops - Stone/Granite/Solid, Dining Area, Flooring - Hardwood, Flooring - Stone/Ceramic Tile, Kitchen
  • Bedroom Description:Bedroom
  • Basement Description:Bulkhead, Full
  • Living area:4,006 sq. ft.

Heating and cooling

  • Cooling:Window Unit(s)
  • Heating:Hot Water, Natural Gas

Structure and exterior

  • Roof:Shingle
  • Year built:1920
  • Building area:4,006 sq. ft.
  • Lot area:0.51 Acres
  • Lot Features:Corner Lot
  • Architectural Style:Colonial
  • Construction Materials:Frame
  • Exterior Features:Balcony, Balcony/Deck, Porch
  • Foundation Description:Stone

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,199,000
  • Price per sq. ft.:$299.3
  • Tax amount:$12,218 (2026)

Features and amenities

  • Laundry features:In Basement, Washer Hookup
  • Amenities:Closet, Gas Water Heater

Parking

  • Total parking spaces:6
  • Parking description:Carriage Shed, Detached, Garage Faces Side, Off Street, Paved Drive, Storage, Workshop in Garage
  • Garage:Yes
  • Garage spaces:2
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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