1508/87 Franklin Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

1508/87 Franklin Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 87m2
Land area: 1957m2
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Property Details for 1508/87 Franklin St, Melbourne

1508/87 Franklin St, Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2001. The property has a land size of 1957m2 and floor size of 87m2. While the property is not currently for sale or for rent, it was last sold in November 2005.

Building Type
Unit
Year Built
2001
Floor Size
87m2
Land Size
1957m2
Local Government
Melbourne
Lot/Plan
1508/PS411688

Last Listing description (February 2026)

This furnished double-storey apartment offers comfortable and practical city living in a well-located Melbourne CBD building.

Featuring two large bedrooms with built-in wardrobes, a dedicated study area, a spacious central bathroom, and a separate laundry. The kitchen is equipped with a gas cooktop and oven, ideal for everyday use.

Property highlights:

Furnished double-storey layout
2 generous bedrooms with built-in robes
Study area, ideal for work or study
Spacious main bathroom + separate laundry
Gas cooktop and oven
No car park

Building facilities:
Heated pool
Gym
Sauna

Location:
Conveniently located close to Queen Victoria Market, RMIT University, public transport, shops, and everyday city amenities.

Disclaimer: furniture provided is based upon inspection.

Property History for 1508/87 Franklin St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$305,000
05 Nov 2005
Listed for Rent
$480/w
11 Apr 2022
  • 08 Jan 2026
    Listed for Rent $650 / week
  • 28 Feb 2022
    Listed for Rent - Price not available
  • 03 Dec 2020
    Listed for Rent $420 / week
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About Melbourne 3000

The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of total area. The population of Melbourne in 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation.In 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.

Melbourne has 64,242 properties. Over the last 5 years, Houses in Melbourne have seen a 33.17% increase in median value, while Units have seen a -4.37% decrease. As at 28 February 2026:

  • The median value for Houses in Melbourne is $1,808,781 while the median value for Units is $436,528.
  • Houses have a median rent of $650 while Units have a median rent of $675.
There are currently 248 properties listed for sale, and 177 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2770 properties were sold in the past 12 months in Melbourne.

Suburb Insights for Melbourne 3000

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.