155 S Main St Franklin, NH 03235
Estimated payment $5,583/month
Highlights
- Wood Flooring
- Hot Water Heating System
- Level Lot
About This Home
Located in the city of Franklin, New Hampshire’s Lakes Region, this stabilized multifamily property features a total of seven residential units. Tenants are responsible for their own heat and electricity, helping to reduce operational expenses and management overhead.
Units 1, 4, and 7 have been fully renovated, while the remaining units have received some updates and are well-maintained. Major system upgrades have been completed, including a new boiler for Unit 5.
A variance is currently in process to allow for the construction of a single-family home on the rear portion of the lot, replacing a prior structure—unlocking future development potential. The property also includes a heated barn for storage and offers generous on-site parking.
Situated in a designated Opportunity Zone, this property combines immediate cash flow, recent capital improvements, and long-term development upside in a desirable location. This property is part of a 39 unit portfolio sale and can be sold together or separately. See MLS 5049763 and 5050830 for the other units.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,247
Year Built
- Built in 1900
Lot Details
- 0.54 Acre Lot
- Level Lot
Home Design
- Vinyl Siding
Interior Spaces
- 5,125 Sq Ft Home
- Property has 2 Levels
- Basement
- Interior Basement Entry
Flooring
- Wood
- Vinyl Plank
Bedrooms and Bathrooms
- 10 Bedrooms
- 7 Bathrooms
Parking
- Gravel Driveway
- On-Site Parking
Utilities
- Hot Water Heating System
- Separate Meters
- Cable TV Available
Community Details
- 7 Units
Listing and Financial Details
- Tax Block 64
- Assessor Parcel Number 98
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $8,247 | $480,900 | $109,400 | $371,500 |
| 2023 | $7,819 | $480,900 | $109,400 | $371,500 |
| 2022 | $8,815 | $361,400 | $88,900 | $272,500 |
| 2021 | $8,330 | $358,900 | $88,900 | $270,000 |
| 2020 | $8,197 | $358,900 | $88,900 | $270,000 |
| 2019 | $8,051 | $358,300 | $88,900 | $269,400 |
| 2018 | $7,868 | $358,300 | $88,900 | $269,400 |
| 2017 | $5,132 | $200,800 | $40,300 | $160,500 |
| 2016 | $5,069 | $200,900 | $40,300 | $160,600 |
| 2015 | $3,509 | $140,630 | $28,210 | $112,420 |
| 2011 | $3,818 | $177,400 | $39,500 | $137,900 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/03/2025 07/03/25 | For Sale | $886,500 | 0.0% | $173 / Sq Ft |
| 03/29/2022 03/29/22 | Rented | $1,450 | +3.6% | -- |
| 03/01/2022 03/01/22 | For Rent | $1,400 | 0.0% | -- |
| 09/03/2021 09/03/21 | Sold | $449,900 | 0.0% | $88 / Sq Ft |
| 03/21/2021 03/21/21 | Pending | -- | -- | -- |
| 03/19/2021 03/19/21 | For Sale | $449,900 | -- | $88 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $449,933 | None Available | |
| Deed | $210,000 | -- | |
| Warranty Deed | $210,000 | -- | |
| Warranty Deed | $145,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $130,000 | Construction | |
| Open | $359,900 | Purchase Money Mortgage | |
| Previous Owner | $50,000 | Commercial | |
| Previous Owner | $165,000 | Commercial | |
| Previous Owner | $204,000 | Commercial | |
| Previous Owner | $145,000 | Commercial |
Source: PrimeMLS
MLS Number: 5049759
APN: FRKN-000098-000064
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