21 Franklin St Milford, MA 01757
Milford AreaEstimated payment $7,016/month
Highlights
- Medical Services
- Wood Flooring
- Living Room
- Property is near public transit and schools
- Jogging Path
- Park
About This Home
INVESTORS TAKE NOTICE! Rare opportunity to own a 5-unit multifamily property in Milford generating approximately $9,200 per month / $110,400 annually in gross rental income. Current rents are below market, offering potential for increased rental income and additional upside for the next owner. This income-producing property features an expansive off-street parking area located behind the building with space for approximately 15+ vehicles, along with lead compliance/certification documentation. Situated on a generous lot with potential for additional development or an ADU. Conveniently located near downtown Milford, shopping, restaurants, and major routes. An excellent opportunity for investors seeking an established multifamily property with strong current income, below-market rents, separate utilities and future growth potential. (buyer to due diligence).
Open House Schedule
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Friday, August 28, 20264:00 to 6:00 pm8/28/2026 4:00:00 PM +00:008/28/2026 6:00:00 PM +00:00Add to Calendar
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Sunday, August 30, 20261:00 to 3:00 pm8/30/2026 1:00:00 PM +00:008/30/2026 3:00:00 PM +00:00Add to Calendar
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,789
Year Built
- Built in 1902
Lot Details
- 22,002 Sq Ft Lot
- Level Lot
- Irregular Lot
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- Ceiling Fan
- Living Room
- Wood Flooring
- Partial Basement
- Range
Bedrooms and Bathrooms
- 10 Bedrooms
- 6 Full Bathrooms
Parking
- 12 Car Parking Spaces
- Driveway
- Paved Parking
- 12 Open Parking Spaces
- Off-Street Parking
Location
- Property is near public transit and schools
Schools
- Memorial Elementary School
- Stacy Middle School
- Milford High School
Utilities
- Window Unit Cooling System
- Heating System Uses Natural Gas
Listing and Financial Details
- Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
- Tax Lot 0268
- Assessor Parcel Number 0269,1617691
Community Details
Overview
- 5 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Park
- Jogging Path
Building Details
- Electric Expense $838
- Water Sewer Expense $5,612
- Operating Expense $13,950
- Net Operating Income $96,450
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $11,793 | $921,300 | $166,000 | $755,300 |
| 2024 | $11,538 | $868,200 | $158,300 | $709,900 |
| 2023 | $11,319 | $783,300 | $133,200 | $650,100 |
| 2022 | $10,745 | $698,200 | $121,600 | $576,600 |
| 2021 | $10,101 | $632,100 | $121,600 | $510,500 |
| 2020 | $9,193 | $576,000 | $121,600 | $454,400 |
| 2019 | $8,814 | $532,900 | $121,600 | $411,300 |
| 2018 | $8,303 | $501,400 | $115,800 | $385,600 |
| 2017 | $7,485 | $445,800 | $115,800 | $330,000 |
| 2016 | $6,362 | $370,300 | $104,200 | $266,100 |
| 2015 | $5,779 | $329,300 | $100,400 | $228,900 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/24/2026 08/24/26 | For Sale | $1,099,990 | +101.8% | $243 / Sq Ft | |
| 05/26/2016 05/26/16 | Sold | $545,000 | -2.2% | $116 / Sq Ft | View Prior Sale |
| 04/12/2016 04/12/16 | Pending | -- | -- | -- | |
| 10/31/2015 10/31/15 | For Sale | $557,500 | -- | $118 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $545,000 | -- | |
| Deed | -- | -- | |
| Deed | $477,500 | -- | |
| Deed | $89,000 | -- | |
| Deed | $50,100 | -- | |
| Foreclosure Deed | $129,398 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $436,000 | Commercial | |
| Closed | $350,000 | Commercial | |
| Closed | $238,000 | Commercial | |
| Previous Owner | $122,000 | Commercial |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73567324
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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