721 Franklin Street, Melrose, MA 02176
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$1,199,000
8 Beds
4 Baths
4006 SQFT
0.51 Acre
HOA: N/A

Property Description

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 tap to expand

Amenities

  • Golf Course
  • House of Worship
  • Medical Facility
  • Park
  • Private School
  • Public School
  • Public Transportation
  • Shopping
  • Swimming Pool
  • T-Station
  • Tennis Court

Kitchen, Dining, and Appliances

  • Kitchen Dimensions: 25X12
  • Kitchen Level: First Floor
  • Cabinets - Upgraded, Countertops - Stone/Granite/Solid, Dining Area, Flooring - Hardwood, Flooring - Stone/Ceramic Tile
  • Dining Room Dimensions: 16X12
  • Dining Room Level: First Floor
  • Dining Room Features: Closet/Cabinets - Custom Built, Crown Molding, Fireplace, Flooring - Hardwood, Pocket Door, Wainscoting

Bathrooms

  • Full Baths: 3
  • Half Baths 1
  • Bathroom 1 Dimensions: 5X12
  • Bathroom 1 Level: First Floor
  • Bathroom 1 Features: Bathroom - Half
  • Bathroom 2 Dimensions: 8X8
  • Bathroom 2 Level: Second Floor
  • Bathroom 2 Features: Bathroom - Full, Bathroom - With Tub
  • Bathroom 3 Dimensions: 8X8
  • Bathroom 3 Level: Second Floor
  • Bathroom 3 Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower

Bedrooms

  • Bedrooms: 8
  • Master Bedroom Dimensions: 17X14
  • Master Bedroom Level: Second Floor
  • Master Bedroom Features: Closet, Flooring - Hardwood
  • Bedroom 2 Dimensions: 16X12
  • Bedroom 2 Level: Second Floor
  • Master Bedroom Features: Closet, Flooring - Hardwood
  • Bedroom 3 Dimensions: 13X12
  • Bedroom 3 Level: Second Floor
  • Master Bedroom Features: Closet, Flooring - Hardwood

Other Rooms

  • Total Rooms: 15
  • Living Room Dimensions: 13X16
  • Living Room Level: First Floor
  • Living Room Features: Crown Molding, Fireplace, Flooring - Hardwood, Pocket Door
  • Family Room Dimensions: 14X16
  • Family Room Level: First Floor
  • Family Room Features: Closet/Cabinets - Custom Built, Crown Molding, Fireplace, Flooring - Hardwood, Wainscoting, Window Seat
  • Laundry Room Features: Bulkhead, Full

Utilities

  • Heating: Gas, Hot Water Radiators
  • Heat Zones: 2
  • Hot Water: Natural Gas
  • Cooling: Window AC
  • Electric Info: 100 Amps, Circuit Breakers
  • Energy Features: Storm Windows
  • Utility Connections: Washer Hookup, for Electric Range
  • Water: City/Town Water
  • Sewer: City/Town Sewer

Garage & Parking

  • Garage Parking: Carriage Shed, Detached, Side Entry, Storage, Work Area
  • Garage Spaces: 2
  • Parking Features: Off-Street
  • Parking Spaces: 6

Interior Features

  • Square Feet: 4006
  • Fireplaces: 5
  • Interior Features: French Doors
  • Accessability Features: Unknown

Construction

  • Year Built: 1920
  • Type: Detached
  • Style: Colonial
  • Construction Type: Frame
  • Foundation Info: Fieldstone
  • Roof Material: Asphalt/Fiberglass Shingles
  • UFFI: Unknown
  • Flooring Type: Wood
  • Lead Paint: Unknown
  • Warranty: No

Exterior & Lot

  • Lot Description: Corner
  • Exterior Features: Balcony, Barn/Stable, Porch
  • Road Type: Public

Other Information

  • MLS ID# 73532589
  • Last Updated: 08/13/26
  • HOA: No
  • Reqd Own Association: Unknown

Property History tap to expand

Date Event Price Price/Sq Ft Source
08/09/2026Active$1,199,000$299MLSPIN
08/05/2026Back on Market$1,199,000$299MLSPIN
06/15/2026Temporarily Withdrawn$1,199,000$299MLSPIN

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Seller's Representative: Paul C. Coogan, Brad Hutchinson Real Estate
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-08-13 13:14:00

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