$1,500,000

374-378 Union St Franklin, MA 02038

Downtown Franklin Neighborhood

Estimated payment $8,856/month

Total Views 14,107
8 Beds
4 Baths
6,276 Sq Ft
$239 Price per Sq Ft

Highlights

  • Golf Course Community
  • Medical Services
  • Tennis Courts
  • Gerald M. Parmenter Elementary School Rated A-
  • Property is near public transit
  • Jogging Path

About This Home

374-378 Union Street is a three-story mixed-use building that contains six (6) units comprised of four (4), 2-Bedroom/1-Bathroom units and two (2), Commercial units. The Property is situated on a 0.23-acre parcel of land and features ten (10) on-site parking spaces at the rear of the Property. There is a limited supply of multi-family units in Norfolk County with a high demand for rental units. The Property is separately metered for electricity, heat and hot water, which the tenants pay directly. The Landlord is responsible for common area electric and domestic water and sewer. The opportunity exists to increase income via programmatic updates to the unrenovated units, common areas, and exterior. Pizza Shop has a new five year lease with one (1), 5-year option. The Lease calls for 3% annual rent increases throughout. The Print Shop's rent is below market, offering upside. The opportunity exists to acquire a well-maintained property with significant upside in a desirable location.

Listing Agent

Kelleher - Pentore Team

Horvath & Tremblay Listed on: 09/25/2025

Co-Listing Agent

Dennis Kelleher

Horvath & Tremblay

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,395

Year Built

  • Built in 1900

Home Design

  • Shingle Roof

Interior Spaces

  • 6,276 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Parking

  • 10 Car Parking Spaces
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Additional Features

  • 10,018 Sq Ft Lot
  • Separate Meters

Listing and Financial Details

  • Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
  • Assessor Parcel Number 89242

Community Details

Overview

  • 6 Units

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Golf Course Community
  • Tennis Courts
  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Operating Expense $33,160
  • Net Operating Income $98,660

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,395

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1900
  • Levels: 4
  • Year Built Details: Approximate
  • APOD AVAILABLE: Yes
  • Special Features: None
  • Stories: 4

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 8
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Above Grade Finished Sq Ft: 6276
  • Living Area: 6276
  • Spa YN: No
  • Stories Total: 4
  • MAIN LO: AN2723

Exterior Features

  • Foundation Details: Other
  • Home Warranty YN: No
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 10

Utilities

  • Sewer: Public Sewer
  • Electric: Individually Metered
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: 89242
  • Zoning: C-I
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.23
  • Lot Size Sq Ft: 10018
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 11395

Multi Family

  • Net Operating Income: 98660
  • Number Of Units Total: 6
  • Operating Expense: 33160
  • Total Actual Rent: 10985
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 3

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 List to Sale Price per Sq Ft
09/25/2025 09/25/25 For Sale $1,500,000 -- $239 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73435816

MLS Property Information Network (MLS PIN)
Massachusetts Norfolk County Franklin 02038 Downtown Franklin

374-378 Union St, Franklin, MA

For Sale

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MLS Property Information Network (MLS PIN) 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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Listing Agent
Kelleher - Pentore Team
Horvath & Tremblay