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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.

More Info

Basic Information

  • Bedrooms8
  • Mls StatusBack on Market
  • Bathroom4
  • Lot Features Corner Lot
  • Parcel Number 658463

Tax Information

  • Tax Assessed Value $1,065,300
  • Tax Year 2026
  • Taxes$12,218

Parking

  • Parking Spaces6
  • Covered Spaces 2
  • Garage YN Yes
  • Open Parking YN Yes
  • Parking Features
    • Carriage Shed
    • Detached
    • Garage Faces Side
    • Off Street
    • Paved Drive
    • Storage
    • Workshop in Garage

Rooms

  • Bathroom 1 First,5 x 12
  • Bathroom 2 Second,8 x 8
  • Bathroom 3 Second,8 x 8
  • Bathrooms Total Decimal 3.5
  • Bedroom 2 Second,16 x 12
  • Bedroom 3 Second,13 x 12
  • Bedroom 4 Second,12 x 12
  • Bedroom 5 Third,14 x 9
  • Dining Room First,16 x 12
  • Family Room First,14 x 16
  • Full Bath3
  • Half Baths1
  • Kitchen First,25 x 12
  • Living Room First,13 x 16
  • Master Bedroom Second,17

Basic Information

  • List Price$1,199,000
  • MLS Number73532589
  • Modification Date08/05/2026
  • Property SubTypeSingle Family Residence

Location

  • SubdivisionMelrose Highlands
  • Address721 Franklin Street
  • Building Number721
  • CountyMiddlesex
  • StateMA
  • StreetFranklin Street
  • TownMelrose
  • Zip02176

Building

  • BasementFull, Bulkhead
  • Building Area Units Square Feet
  • Construction Materials Frame
  • Door Features French Doors
  • FireplaceYes
  • Fireplace Features Dining Room, Family Room, Living Room, Bedroom
  • Fireplaces Total 5
  • FoundationStone
  • Garage Spaces2
  • Patio And Porch Features Porch
  • Property StyleColonial
  • Rooms15
  • Utilities For Electric Range, Washer Hookup
  • Window Features Storm Window(s)
  • Year Built1920
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.51
  • Other Structures Barn/Stable

Interior

  • Flooring Wood, Flooring - Hardwood, Flooring - Wood, Flooring - Vinyl
  • Interior Features
    • Bathroom - Full
    • Bedroom
    • Bonus Room
    • Closet
    • Great Room
    • Kitchen
    • Window Seat

Exterior

  • Exterior Features Balcony / Deck, Porch, Balcony, Barn/Stable
  • RoofShingle

Utilities

  • Cooling Window Unit(s)
  • Cooling YN Yes
  • Electric Circuit Breakers,100 Amp Service
  • Heat SystemYes
  • Heating Hot Water, Natural Gas
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Square Feet4,006
  • Building Area Source Public Records
  • Living Area 4,006
  • Lot Size Square Feet 22,431
  • Lot Size Units Acres

Amenities

  • Amenities
    • Golf
    • House of Worship
    • Medical Facility
    • Park
    • Pool
    • Private School
    • Public School
    • Public Transportation
    • Shopping
    • T-Station
    • Tennis Court(s)
  • Appliances IncludedGas Water Heater

Legal

  • Zoningres

Other

  • Date Listed06/15/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Paul C. Coogan of Brad Hutchinson Real Estate

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