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Rahel Choi

I'm Rahel Choi, a bilingual (English/Korean) Natick, MA real estate agent helping first-time buyers, families, and investors across MetroWest—from first search to closing.

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  • 361 Newbury Street, Boston, MA, 02115
  • (857) 250-7248
  • choicehomesma@gmail.com

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Exp Realty

© 2026 Rahel Choi. All rights reserved.
Equal Housing Opportunity. Information deemed reliable but not guaranteed.

  1. Home
  2. Listings
  3. 721 Franklin Street, Melrose, MA 02176
Active
72 Days on market
721 Franklin Street Melrose — Photo 1 of 33

721 Franklin Street Melrose — Photo 1 of 33

$1,199,000

721 Franklin Street, Melrose, MA 02176

Melrose, MA 02176 — Melrose Highlands

Beds

8

Baths

3.5

SqFt

4,006

Style

Single Family

Built

1920

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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$299/sqft
Local Avg (Melrose)$451/sqft
34% BelowMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Melrose, MA.

Property Details

Financials

Original Price$1,199,000
Annual Taxes$12,218.9

Parking

Garage2
Off-Street6

Interior Specifications

Total Rooms15
Fireplaces5
FlooringWood, Flooring - Hardwood, Flooring - Wood, Flooring - Vinyl
BasementFull, Bulkhead

Climate & Utilities

HeatingHot Water, Natural Gas
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
Zoningres

Property & Lot

Acres0.51
SqFt Lot22,431
Lot FeaturesCorner Lot

Amenities & Appliances

Gas Water Heater

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Golf

Geography

Floorplan Breakdown

Structural Layout

Third
Bedroom 5
Second
Master BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 2Bathroom 3
First
Living RoomDining RoomKitchenFamily RoomBathroom 1
Living Room
Lvl First

13 x 16

Flooring - Hardwood, Crown Molding, Pocket Door

Dining Room
Lvl First

16 x 12

Closet/Cabinets - Custom Built, Flooring - Hardwood, Wainscoting, Crown Molding, Pocket Door

Kitchen
Lvl First

25 x 12

Flooring - Hardwood, Flooring - Stone/Ceramic Tile, Dining Area, Countertops - Stone/Granite/Solid, Cabinets - Upgraded

Family Room
Lvl First

14 x 16

Closet/Cabinets - Custom Built, Flooring - Hardwood, Wainscoting, Crown Molding, Window Seat

Master Bedroom
Lvl Second

17 x 14

Closet, Flooring - Hardwood

Bedroom 2
Lvl Second

16 x 12

Bedroom 3
Lvl Second

13 x 12

Closet, Flooring - Hardwood

Bedroom 4
Lvl Second

12 x 12

Closet, Flooring - Hardwood

Bedroom 5
Lvl Third

14 x 9

Fireplace, Flooring - Hardwood

Bathroom 1
Lvl First

5 x 12

Bathroom - Half

Bathroom 2
Lvl Second

8 x 8

Bathroom - Full, Bathroom - With Tub

Bathroom 3
Lvl Second

8 x 8

Bathroom - Full, Bathroom - Tiled With Tub & Shower

Population

29,650

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$134K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

32.8%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Middlesex County

2,667 housing units permitted in the last 12 months (-2% vs the prior 12 months) — 1,709 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 4,006 sq ft principal dwelling). Lot size: 22,431 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Full Melrose, MA market report ZIP 02176 market data
Listing Provided By

Listing Agent: Paul C. Coogan

Listing Office: Brad Hutchinson Real Estate

MLS® Number: 73532589

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