404/87 Franklin Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
OFF MARKET

404/87 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 404/87 Franklin St, Melbourne

404/87 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 July 1999.

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

Last Listing description (April 2025)

Located in the heart of Melbournes bustling CBD, 404/87 Franklin Street offers a perfect blend of modern living and ultimate convenience. This well-designed two-bedroom, one-bathroom apartment is ideal for professionals, students, or investors looking to enjoy a vibrant city lifestyle. With its prime location, youll have everything you need right at your doorstep, from shopping and dining to public transport and entertainment.

Step inside to discover a bright and open-plan living area, designed to maximize space and natural light. The modern kitchen is equipped with quality appliances, sleek cabinetry, and ample storage, making meal preparation effortless. The two generously sized bedrooms feature built-in wardrobes, providing plenty of storage, while the contemporary bathroom boasts stylish fittings and a functional layout.

This apartment also offers secure building entry with intercom access, ensuring peace of mind for residents. Whether you're looking for a comfortable home or a smart investment, this property ticks all the boxes. With low-maintenance living and access to fantastic amenities, it's the perfect place to enjoy everything Melbourne has to offer.

Enjoy the unbeatable convenience of city living, with Queen Victoria Market, Melbourne Central, RMIT University, and Flagstaff Gardens all within walking distance. Public transport options, including trains and trams, are just moments away, making commuting effortless. Don't miss this fantastic opportunitycontact us today to arrange a private inspection!

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Property History for 404/87 Franklin St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$266,000
20 Jul 1999
Listed for Rent
$500/w
13 Apr 2022
  • 22 Mar 2025
    Listed for Rent $650 / week
  • 13 Mar 2022
    Listed for Rent $500 / week
  • 23 Jun 2017
    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, 2749 properties were sold in the past 12 months in Melbourne.

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© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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