721 Franklin Street
$1,199,000
8
Beds
3/1
Baths
4,006
Sqft
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$1,199,000
8
Beds
3/1
Baths
4,006
Living Area
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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.
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Highlights
- Cooling: Window Unit(s)
- Parking Spots: 6
- Property Type: Single Family Residence
- Total Rooms: 15
- Status: Active
- Heating: Hot Water, Natural Gas
- Property Class: Residential
- Style: Colonial
- Year Built: 1920
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Additional Details
- Appliances: Gas Water Heater
- Construction: Frame
- Fireplaces: 5
- Foundation: Stone
- Lot Features: Corner Lot
- Roof: Shingle
- Year Built Details: Approximate
- Zoning: res
- Basement: Full, Bulkhead
- Exterior Features: Balcony / Deck, Porch, Balcony, Barn/Stable
- Flooring: Wood, Flooring - Hardwood, Flooring - Wood, Flooring - Vinyl
- Interior Features: Closet, Bathroom - Full, Window Seat, Bedroom, Bonus Room, Kitchen, Great Room
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Golf, Medical Facility, House of Worship, Private School, Public School, T-Station
- Parking Features: Detached, Storage, Workshop in Garage, Garage Faces Side, Carriage Shed, Paved Drive, Off Street
- Covered Parking Spaces: 2
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Utilities
- Electric: Circuit Breakers, 100 Amp Service
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,065,300
- Taxes: $12,218
- Tax Year: 2026
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Brad Hutchinson Real Estate.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.