159 E Central St Franklin, MA 02038
Downtown Franklin NeighborhoodEstimated payment $6,744/month
Highlights
- Golf Course Community
- Medical Services
- Window Unit Cooling System
- Helen Keller Elementary School Rated A-
- Property is near public transit
- Shops
About This Home
Rare opportunity to own a well-maintained 5-unit building in prime Franklin location. This building contains two 1-bedroom units, two 2-bedroom units and one 5-bedroom unit. All units have separate heat, hot water and electric. Off-street parking for 6 cars. Coin operated laundry in basement. Roof was replaced in 2022. Other systems are in good condition. 4/5 units are currently rented with a gross monthly rent of $7650. Projected rent for vacant 5 bedroom unit is $3800. Units have been well-kept. Two units have lead compliance certificates. Ideal commuter location for tenants only .4 mi to Franklin commuter rail stop and close to Rt. 495; .2 mi to Shaw's grocery store and directly across the street from Walgreen's. This will make a great addition to any portfolio with minimum maintenance required.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,747
Year Built
- Built in 1850
Lot Details
- 6,815 Sq Ft Lot
- Near Conservation Area
Home Design
- 3,844 Sq Ft Home
- Brick Exterior Construction
- Brick Foundation
- Frame Construction
- Shingle Roof
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 10 Bedrooms
- 5 Full Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 6 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Location
- Property is near public transit
- Property is near schools
Utilities
- Window Unit Cooling System
- Heating System Uses Natural Gas
- Baseboard Heating
Listing and Financial Details
- Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
- Assessor Parcel Number 90584
Community Details
Overview
- 5 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
Recreation
- Golf Course Community
Building Details
- Insurance Expense $4,000
- Water Sewer Expense $4,600
- Operating Expense $11,824
- Net Operating Income $79,976
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/01/2025 10/01/25 | For Sale | $1,150,000 | 0.0% | $299 / Sq Ft |
| 09/19/2013 09/19/13 | Rented | $1,000 | 0.0% | -- |
| 09/19/2013 09/19/13 | For Rent | $1,000 | -- | -- |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73438457
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