374-378 Union St Franklin, MA 02038
Downtown Franklin NeighborhoodEstimated payment $8,747/month
Highlights
- Golf Course Community
- Medical Services
- Tennis Courts
- Gerald M. Parmenter Elementary School Rated A-
- Property is near public transit and schools
- 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
- Basement
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Parking
- 10 Open Parking Spaces
- 10 Car Parking Spaces
- Off-Street Parking
Additional Features
- 10,018 Sq Ft Lot
- Property is near public transit and schools
- 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
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/24/2025 11/24/25 | Pending | -- | -- | -- |
| 09/25/2025 09/25/25 | For Sale | $1,500,000 | -- | $239 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73435816
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