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721 Franklin Street, Melrose MA 02176

$1,199,000

Estimated $8,406/month Calculator

Single Family

8 Bedrooms

Baths

4006

Total Parking: 8 (2 Garage)

22,431 (0.51)

Built in 1920

We are delighted to offer a unique opportunity in the Melrose Highlands. One of Melrose's finest grand turn of the century homes in now available for the home handyman 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 has been viewed 9 times

Last Checked: June 16th, 2026 at 4:30am (Source: MLS PIN #73532589)

Garage Parking

Air Conditioning

Waterview

Lead Paint Free

General Information for 721 Franklin Street, Melrose MA 02176

Listing ID73532589

Property TypeSingle Family / Detached

Price$1,199,000 ($299.3/SqFt)

StyleColonial

CityMelrose

CountyMiddlesex

Neighborhood(s)

Garage Parking2

Zoningres

Year Built1920

Year Built SourcePublic Records

Year Built DetailsApproximate

Interior Features for 721 Franklin Street, Melrose MA 02176

Approximate Living Area Total4006

Living Area Includes BasementNo

Rooms15

Bedrooms8

Primary En Suite BathroomNo

BasementFull

Cooling1, Split

Fireplaces

AppliancesRange

FlooringTile

Electric220 Volts

Exterior Features for 721 Franklin Street, Melrose MA 02176

Approximate Lot Size (Acres)0.51

Approximate Lot Size (Square Feet)22431

Total Parking8 (2 Garage)

Garage Parking2

WaterPublic

SewerPublic Sewer

Lot FeaturesGentle Sloping

Parking Features1

Exterior FeaturesPorch

Foundation Materials

Construction MaterialsFrame

Road Frontage Type

Patio & PorchCovered

Roof MaterialAsphalt/fiberglass Shingles

Utility Connections110 Volts

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Pool Features

Horse Permitted0

Horse Amenities

Disclosures for 721 Franklin Street, Melrose MA 02176

Lead PaintNone

UFFINo

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Special Listing Conditions

ExclusionsTree House

Compensation Based On

Financial Information for 721 Franklin Street, Melrose MA 02176

Association Fee

Association Fee Frequency

Association Fee Includes

Real Estate Tax12218.9

Tax Year2026

Assessed Value$1,065,300

Location Information for 721 Franklin Street, Melrose MA 02176

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 721 Franklin Street, Melrose MA 02176

Agent

Name: Paul C. Coogan

Office

Name: Brad Hutchinson Real Estate

Phone: 781-665-2222

Payment Calculator

, Interest

Property Taxes 1018.24

Principal & Interest 7387.86

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Brad Hutchinson Real Estate

Paul C. Coogan

Agent Phone

Office Phone

(781) 665-2222

Text Agent Call Agent Call Office

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EXIT

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