1902/87 Franklin Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

1902/87 Franklin Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 91m2
Land area: 1957m2
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Last updated 22 Dec 2025
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Property Details for 1902/87 Franklin St, Melbourne

1902/87 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 91m2. While the property is not currently for sale or for rent, it was last sold in October 2013.

Building Type
Unit
Year Built
2001
Floor Size
91m2
Land Size
1957m2
Local Government
Melbourne
Lot/Plan
1902/PS411688

Last Listing description (July 2025)

This very large double-storyette corner apartment has floor to ceiling great views & natural light. Franklin Lofts is superbly located within just a minutes walk of Queen Victoria Market, Lygon St cafes and restaurants, Chinatown, QV Shopping Centre, Melbourne Central, State Library, RMIT, Melbourne University, the Legal and Theatre Precinct, blue chip Collins Street, Flagstaff Gardens, City Baths and all forms of public transport virtually at your doorstep.

Featuring:

Fully furnished

A generous open plan living and dining area with floating floorboards extending onto a large private balcony
Large kitchen with stainless steel European appliances including Smeg dishwasher, multi function fan forced oven with gas burners and Gaggenau range hood
Two spacious carpeted bedrooms both complete with built in wardrobes
Separate washing machine & dryer
Hydronic heating
Reverse cycle air conditioner and heater
Oversized storage unit
Furniture inclusions:

Fridge
X2 queen size beds (one is a sofa bed)
Pash furniture
Teal Couch
Dining furniture
X2 60 inch flat screen televisions (including one wall-hung in the bedroom)
Microwave oven
Kitchen utensil including pots, pans & a wine shelf
Custom designed and built-in office desk and shelves
Further features:

Reverse cycle air conditioning
Two phone lines
Internet connections
Building facilities:

Gymnasium
Indoor heated lap pool
Sauna
Security intercom
Security entrance
Under cover security car parking on title
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Property History for 1902/87 Franklin St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$580,000
08 Oct 2013
Listed for Rent
$750/w
01 Jul 2025
  • 01 Jul 2025
    Listed for Rent $750 / week
  • 27 Jun 2021
    Listed for Rent - Price not available
  • 04 Jan 2021
    Listed for Rent - Price not available
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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 64,229 properties. Over the last 5 years, Houses in Melbourne have seen a -25.47% decrease in median value, while Units have seen a -3.96% decrease. As at 30 November 2025:

  • The median value for Houses in Melbourne is $1,033,829 while the median value for Units is $440,645.
  • Houses have a median rent of $635 while Units have a median rent of $660.
There are currently 252 properties listed for sale, and 231 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2750 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.