186 School St Franklin, MA 02038
Downtown Franklin NeighborhoodEstimated payment $3,749/month
Highlights
- Very Popular Property
- Deck
- Wooded Lot
- Helen Keller Elementary School Rated A-
- Property is near public transit
- Wood Flooring
About This Home
Prime 2-Family Investment – Updated, Income-Ready, and Walk-to-Everything. A rare opportunity for investors: this well-maintained 2-family home combines generous living spaces, desirable amenities, and recent updates for strong rental appeal and minimal upkeep. Both apartments feature spacious 2-bedroom layouts with walk-in closets and updated baths, making them easy to rent and retain quality tenants. The first-floor unit offers added value with a white eat-in kitchen, in-unit laundry, and a flexible bonus room/office. Each unit includes a spacious sun deck, while tenants also enjoy access to a private yard and off-street parking—all highly attractive features in today’s rental market. Major improvements are already done: updated electric services, recent gas boilers, and a new roof (2017). An unfinished walk-out basement provides convenient storage & easy utility access. The unbeatable walk-to-town, parks, & commuter rail location. Offer Accepted on Sat. OPEN HOUSE CANCELLED.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,632
Year Built
- Built in 1880
Lot Details
- 0.38 Acre Lot
- Level Lot
- Wooded Lot
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 2,081 Sq Ft Home
- Property has 1 Level
- Ceiling Fan
- Insulated Windows
- Living Room
- Home Office
- Dryer
Kitchen
- Range
- Dishwasher
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- 5 Car Parking Spaces
- Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
Utilities
- No Cooling
- 2 Heating Zones
- Heating System Uses Natural Gas
- Heating System Uses Steam
- Separate Meters
Additional Features
- Deck
- Property is near public transit
Listing and Financial Details
- Rent includes unit 1(water other (see remarks)), unit 2(water other (see remarks))
- Assessor Parcel Number M:278 L:158,91136
Community Details
Recreation
- Park
Building Details
- Electric Expense $156
- Insurance Expense $2,295
- Water Sewer Expense $1,466
- Operating Expense $7,837
- Net Operating Income $41,880
Additional Features
- 2 Units
- Shops
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 |
|---|---|---|---|---|
| 2025 | $6,428 | $553,200 | $325,900 | $227,300 |
| 2024 | $6,240 | $529,300 | $325,900 | $203,400 |
| 2023 | $5,957 | $473,500 | $283,000 | $190,500 |
| 2022 | $5,007 | $356,400 | $214,400 | $142,000 |
| 2021 | $5,391 | $368,000 | $238,300 | $129,700 |
| 2020 | $4,915 | $338,700 | $222,500 | $116,200 |
| 2019 | $4,713 | $321,500 | $214,600 | $106,900 |
| 2018 | $4,268 | $291,300 | $210,700 | $80,600 |
| 2017 | $4,176 | $286,400 | $196,900 | $89,500 |
| 2016 | $3,986 | $274,900 | $199,700 | $75,200 |
| 2015 | $4,212 | $283,800 | $194,600 | $89,200 |
| 2014 | $3,756 | $259,900 | $170,700 | $89,200 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/10/2025 09/10/25 | For Sale | $599,900 | -- | $288 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | $94,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $90,000 | No Value Available |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73428609
APN: FRAN-000278-000000-000158
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