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Kelsey Nugent
REALTOR®
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721 Franklin Street, Melrose, MA 02176

$1,199,000
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Active Under Contract
BEDS8 BATHS3 full 1 partial SQUARE FEET4,006 MLS#73532589
STATUSActive Under Contract PROPERTY TYPEResidential - Single Family SUBDIVISIONMelrose Highlands

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.

721 Franklin Street | MLS# 73532589

This single family home located at 721 Franklin Street, Melrose, MA 02176 is currently listed for sale with an asking price of $1,199,000. This property was built in 1920 and has 8 bedrooms and 3 full and 1 partial baths with 4006 sq. ft. Franklin Street is located in the Melrose Highlands subdivision. Search Melrose Highlands real estate on kelseynugent.masiellogrouprealestate.com today.

Property Features

Property Type: Residential - Single Family
Basement: Yes
Basement: Full, Bulkhead
Cooling: Window Unit(s)
Fireplaces: 5
Garage: 2
Heating: Hot Water, Natural Gas
Home Style: Colonial
Lot Size: 0.51 Acres
Roof Type: Shingle
Taxes: $12,218
Year Built: 1920

Amenities

Closet
Bathroom - Full
Window Seat
Bedroom
Bonus Room
Kitchen
Great Room
Balcony / Deck
Porch
Balcony
Barn/Stable

Feature Descriptions

Appliances: Gas Water Heater
Building Area Total: 4006
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Golf, Medical Facility, House of Worship, Private School, Public School, T-Station
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 98
Dining Room: Closet/Cabinets - Custom Built, Flooring - Hardwood, Wainscoting, Crown Molding, Pocket Door
Door Features: French Doors
Electric: Circuit Breakers,100 Amp Service
Exterior: Frame
Family Room: Closet/Cabinets - Custom Built, Flooring - Hardwood, Wainscoting, Crown Molding, Window Seat
Fireplace Features: Dining Room, Family Room, Living Room, Bedroom
Fireplace Y/N: Yes
Flooring: Wood, Flooring - Hardwood, Flooring - Wood, Flooring - Vinyl
GarageY/N: Yes
HeatingY/N: 1
Kitchen: Flooring - Hardwood, Flooring - Stone/Ceramic Tile, Dining Area, Countertops - Stone/Granite/Solid, Cabinets - Upgraded
Laundry: In Basement, Washer Hookup
Living Room: Flooring - Hardwood, Crown Molding, Pocket Door
Lot Features: Corner Lot
Master Bathroom: No
Master Bedroom: Closet, Flooring - Hardwood
Open Parking Y/N: Yes
Other Structures: Barn/Stable
Parcel Number: 658463
Parking Features: Detached, Storage, Workshop in Garage, Garage Faces Side, Carriage Shed, Paved Drive, Off Street
Parking Total: 6
Patio And Porch: Porch
Rooms Total: 15
Sewer: Public Sewer
Utilities: for Electric Range, Washer Hookup
Water: Public
Window Features: Storm Window(s)

Room Sizes

Bathroom 1: 5.00 X 12.00 Level - First
Bathroom 2: 8.00 X 8.00 Level - Second
Bathroom 3: 8.00 X 8.00 Level - Second
Bedroom 2: 16.00 X 12.00 Level - Second
Bedroom 3: 13.00 X 12.00 Level - Second
Bedroom 4: 12.00 X 12.00 Level - Second
Bedroom 5: 14.00 X 9.00 Level - Third
Dining Room: 16.00 X 12.00 Level - First
Family Room: 14.00 X 16.00 Level - First
Kitchen: 25.00 X 12.00 Level - First
Living Room: 13.00 X 16.00 Level - First
Primary Bedroom: 17.00 X 14.00 Level - Second

Listed By / Shown By

Listed By

Agency Name: Brad Hutchinson Real Estate
Agent Name: Paul C. Coogan
Agency Phone: 781-665-2222

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Estimated Payment

$ 4,036.33 per month $2,668.45 Principal & Interest $1,018.17 Property Tax $349.71 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information 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. Information on this site was last updated 09/21/2026. The listing information on this page last changed on 09/21/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 09/21/2026 2:20:18 AM EST) or MLSPIN MLS (last updated Sun 09/20/2026 11:38:24 PM EST) or Prime MLS (last updated Sun 09/20/2026 11:33:40 PM EST) or MREIS (last updated Mon 09/21/2026 2:05:12 AM EST). Real estate listings held by brokerage firms other than Better Homes and Gardens Real Estate The Masiello Group may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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