$1,199,000
721 Franklin Street
Melrose, MA, 02176
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 Details
Price:
$1,199,000
MLS #:
73532589
Status:
Active
Beds:
8
Baths:
3.5
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Melrose Highlands
Listed Date:
Jun 15, 2026
Finished Sq Ft:
4,006
Total Sq Ft:
4,006
Lot Size:
22,431 sqft / 0.51 acres (approx)
Year Built:
1920
Schools
Interior
Above Grade Finished Area
4006
Appliances
Gas Water Heater
Bathrooms
3 Full Bathrooms, 1 Half Bathroom
Cooling
Window Unit(s)
Fireplaces Total
5
Flooring
Wood, Flooring – Hardwood, Flooring – Wood, Flooring – Vinyl
Heating
Hot Water, Natural Gas
Interior Features
Closet, Bathroom – Full, Window Seat, Bedroom, Bonus Room, Kitchen, Great Room
Laundry Features
In Basement, Washer Hookup
Exterior
Architectural Style
Colonial
Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Golf, Medical Facility, House of Worship, Private School, Public School, T-Station
Construction Materials
Frame
Covered Spaces
2
Exterior Features
Balcony / Deck, Porch, Balcony, Barn/Stable
Garage Spaces
2
Lot Features
Corner Lot
Open Parking Spaces
4
Open Parking YN
1
Other Structures
Barn/Stable
Parking Features
Detached, Storage, Workshop in Garage, Garage Faces Side, Carriage Shed, Paved Drive, Off Street
Parking Spots
6
Parking Total
6
Patio And Porch Features
Porch
Roof
Shingle
Window Features
Storm Window(s)
Financial
Tax Year
2026
Taxes
$12,219
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Map
Current real estate data for Single Family in Melrose as of Aug 06, 2026
46
Single Family Listed
66
Avg DOM
445
Avg $ / SqFt
$909,119
Avg List Price
Community
- Address721 Franklin Street Melrose MA
- SubdivisionMelrose Highlands
- CityMelrose
- CountyMiddlesex
- Zip Code02176
Subdivisions in Melrose
Similar Listings Nearby
Property Summary
- Located in the Melrose Highlands subdivision, 721 Franklin Street Melrose MA is a Single Family for sale in Melrose, MA, 02176. It is listed for $1,199,000 and features 8 beds, 4 baths, and has approximately 4,006 square feet of living space, and was originally constructed in 1920. The current price per square foot is $299. The average price per square foot for Single Family listings in Melrose is $445. The average listing price for Single Family in Melrose is $909,119. To schedule a showing of MLS#73532589 at 721 Franklin Street in Melrose, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of Brad Hutchinson Real Estate. The property listing data and information 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 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 set forth herein.
721 Franklin Street
Melrose, MA