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Active

721 Franklin Street

Melrose, MA 02176

$1,199,000
8Bedrooms
4Bathrooms
4,006Square feet
1920Year built

Residential · Active · MLS #73532589
Listing Courtesy of Brad Hutchinson Real Estate | Paul C. Coogan

MLS PIN data

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.

Property information

Details at a glance

Interior

Rooms
15
Heating
Hot Water, Natural Gas
Cooling
Window Unit(s)
Flooring
Wood, Flooring - Hardwood, Flooring - Wood, Flooring - Vinyl
Fireplaces
5

Building

Style
Single Family Residence
Year built
1920
Garage
2
Parking
6
Foundation
Stone
Roof
Shingle

Land & utilities

Lot size
0.51 acres
Water
Public
Sewer
Public Sewer
Zoning
res

Financial

Annual taxes
$12,219
Assessment year
2026

Listing history

Price and status timeline

No additional public listing history was supplied for this property.

Property value estimate

An informed starting point

Estimated value$1,261,722

Estimated range $1,195,434$1,328,011

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Automated estimates are not appraisals or guarantees of market value.

Comparable sales

Recent properties for context

Recent comparable sales are not available for this property.

Photo insights

Condition signals

Overall presentationaverage

Generated from listing photography; not a substitute for an inspection.

Local market context

How this home compares in Melrose

MetricThis propertyMelrose
List price$1,199,000$774,90055% above local
Price / sq ft$299$50941% below local
Days on market298164% below local
Explore homes in Melrose

Active city listing statistics from MLS PIN as of September 7, 2026. Asking prices are not completed-sale values.

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Bean Group guidance

Useful next steps

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Common questions

About 721 Franklin Street

Can I schedule a private showing?

Yes. Request a tour of 721 Franklin Street and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

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