$1,200,000

Estimated payment $7,316/month

Total Views 1,102
11 Beds
5 Baths
3,844 Sq Ft
$312 Price per Sq Ft

Highlights

  • Golf Course Community
  • Property is near public transit
  • Living Room
  • Helen Keller Elementary School Rated A-
  • Loft
  • Shops

About This Home

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 153-159 E Central Street in Franklin, Massachusetts.The three-story building contains five (5) residential units comprised of two (2), 1-Bedroom/1Bathroom units, two (2), 2-Bedroom/1-Bathroom units, and one (1),5-Bedroom/1-Bathroom unit with 3,844 square feet of living area in 11,400 total gross square feet. The Property is situated on a 0.156-acre parcel of land and features six (6) on-site parking spaces. There are currently three vacant units. A great opportunity for an investor to place market rate tenants in an emerging market.

Listing Agent

Spencer Smith

Horvath & Tremblay

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,183

Year Built

  • Built in 1850

Lot Details

  • 0.26 Acre Lot
  • Property fronts an easement

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,844 Sq Ft Home
  • Living Room
  • Dining Room
  • Loft

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 5 Full Bathrooms

Parking

  • 6 Car Parking Spaces
  • Shared Driveway
  • Open Parking

Location

  • Property is near public transit
  • Property is near schools

Community Details

Overview

  • 5 Units
  • Property has 2 Levels

Amenities

  • Shops

Recreation

  • Golf Course Community

Building Details

  • Electric Expense $275
  • Insurance Expense $4,100
  • Water Sewer Expense $4,900
  • Operating Expense $24,008
  • Net Operating Income $102,286

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,183

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1850
  • Levels: 9
  • Year Built Details: Actual
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 9

Interior Features

  • Interior Amenities: Living Room, Dining Room, Kitchen, Loft
  • Fireplace YN: No
  • Total Bedrooms: 11
  • Full Bathrooms: 5
  • Total Bathrooms: 5
  • Total Bathrooms: 5
  • Above Grade Finished Sq Ft: 3844
  • Living Area: 3844
  • Spa YN: No
  • Stories Total: 9
  • MAIN LO: AN2723
  • LIST PRICE PER Sq Ft: 312.17
  • PRICE PER Sq Ft: 312.17

Exterior Features

  • Construction Materials: Frame, Brick
  • Foundation Details: Brick/Mortar
  • Home Warranty YN: No
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Shared Driveway
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Golf, Highway Access, Public School, T-Station
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 4900

Lot Info

  • Zoning: NA
  • Farm Land Area Units: Square Feet
  • Lot Features: Easements
  • Lot Size Acres: 0.26
  • Lot Size Area: 0.26
  • Lot Size Sq Ft: 11400
  • Lot Size Units: Acres
  • PAGE: NA
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 7183
  • Tax Book Number: NA

Multi Family

  • Electric Expense: 275
  • Gross Income: 126294
  • Insurance Expense: 4100
  • Net Operating Income: 102286
  • Number Of Units Total: 5
  • Operating Expense: 24008
  • Total Actual Rent: 10850
  • LEVELS 1: 2
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 2
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 2
  • FLRS 4: 1
  • FLRS 3: 1
  • FLRS 2: 2

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2025 05/21/25 For Sale $1,200,000 -- $312 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73378168

MLS Property Information Network (MLS PIN)