721 Franklin Street, Melrose MA 02176
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33 photos

$1,199,000

721 Franklin Street, Melrose MA 02176
Melrose, MA 02176
Listed by Paul C. Coogan
Bedrooms
8
Bathrooms
3.1
Living area
4,006 sqft
Year built
1920

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.

Highlights

Fireplace

Property details

MLS #
73532589
Property type
Single Family Residence
Subdivision
Melrose Highlands
Status
Active
Days on market
67
On market date
June 15, 2026
Stories
N/A
Garage spaces
2
Lot size
0.51 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Roosevelt
0.23 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
417
Student:teacher ratio
15.4:1
District
Melrose
Middle
Melrose Middle
0.43 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
844
Student:teacher ratio
14.3:1
District
Melrose
High
Melrose High
0.47 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
923
Student:teacher ratio
13.4:1
District
Melrose

Mortgage calculator

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Est. monthly payment
$7,371/mo
$239,800 down
$959,200 loan
Principal & interest$6,221
Property tax (est.)$999
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 8 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.