721 Franklin Street Melrose, MA ^$ 1,199,000

721 Franklin Street

^$ 1,199,000

Back to search

Recently Listed

721 Franklin Street

Melrose, MA, 02176

^$ 1,199,000

Bedrooms8 Baths3.1 Sq 4,006

Monthly Estimate*

^$ 7,571

721 Franklin Street, Melrose, MA 02176 - Image 1

721 Franklin Street, Melrose, MA 02176 - Image 2

721 Franklin Street, Melrose, MA 02176 - Image 3

721 Franklin Street, Melrose, MA 02176 - Image 4

721 Franklin Street, Melrose, MA 02176 - Image 5

721 Franklin Street, Melrose, MA 02176 - Image 6

721 Franklin Street, Melrose, MA 02176 - Image 7

721 Franklin Street, Melrose, MA 02176 - Image 8

721 Franklin Street, Melrose, MA 02176 - Image 9

721 Franklin Street, Melrose, MA 02176 - Image 10

721 Franklin Street, Melrose, MA 02176 - Image 11

721 Franklin Street, Melrose, MA 02176 - Image 12

721 Franklin Street, Melrose, MA 02176 - Image 13

721 Franklin Street, Melrose, MA 02176 - Image 14

721 Franklin Street, Melrose, MA 02176 - Image 15

721 Franklin Street, Melrose, MA 02176 - Image 16

721 Franklin Street, Melrose, MA 02176 - Image 17

721 Franklin Street, Melrose, MA 02176 - Image 18

721 Franklin Street, Melrose, MA 02176 - Image 19

721 Franklin Street, Melrose, MA 02176 - Image 20

721 Franklin Street, Melrose, MA 02176 - Image 21

721 Franklin Street, Melrose, MA 02176 - Image 22

721 Franklin Street, Melrose, MA 02176 - Image 23

721 Franklin Street, Melrose, MA 02176 - Image 24

721 Franklin Street, Melrose, MA 02176 - Image 25

721 Franklin Street, Melrose, MA 02176 - Image 26

721 Franklin Street, Melrose, MA 02176 - Image 27

721 Franklin Street, Melrose, MA 02176 - Image 28

721 Franklin Street, Melrose, MA 02176 - Image 29

721 Franklin Street, Melrose, MA 02176 - Image 30

721 Franklin Street, Melrose, MA 02176 - Image 31

721 Franklin Street, Melrose, MA 02176 - Image 32

Single Family Home for sale in Melrose, MA

for $1,199,000 with 8 bedrooms and 3 full baths, 1 half bath. This 4,006 square foot home was built in 1920 on a lot size of 0.51.

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.

Single Family Active

Price

^$ 1,199,000

Bedrooms

Full Bath

Half Bath

Property Type

Single Family

Taxes

^$ 12,218

Style

Colonial

Lot Size

0.51

Year Built

1920

Town/City

Melrose

County/Region

Middlesex

MLS | Web ID

73532589

List By

Paul C. Coogan

Listing Agent

Brad Hutchinson Real Estate

Broker

Affordability Calculator

$8,589

Per Month

Monthly Principal & Interest: $7,571
Monthly Property Taxes: $1,018
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW! What's my home worth?

Nearby

Trends

Single family listings in Melrose, MA

Average List Price ^$979,538

Percent of Sale Price 18%

About Melrose, MA

28,981 Population

7% Since 2002

^$89,874 Median Income

44.24 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

Neighborhood & Schools

MLS Property Information Network, Inc rules require that you sign in here to see more detail on this property.

Pricing History

Date	Price	Price Change	Description
8/5/2026	$1,199,000		Listed Price

Map

More homes like this one

homes for you

See all

721 Franklin Street, Melrose, MA, 02176 is a Single Family Home for sale at $1,199,000 with 4,006 sqft and a lot size of 0.51. 721 Franklin Street has 8 bedrooms, 3.1 baths, and was built in 1920. The property's zip code is 02176 which is in Melrose, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 8/7/2026.

The real estate information and related content displayed on this site is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

721 Franklin Street

Single Family Home for sale in Melrose, MA

Affordability Calculator

Neighborhood & Schools

Map

More homes like this one

Get more info about this home