$1,533,000
UNDER CONTRACT

414 Central St Franklin, NH 03235

Estimated payment $9,289/month

Total Views 3,777
-- Bed
-- Bath
10,911 Sq Ft
$141 Price per Sq Ft

Highlights

  • Hot Water Heating System
  • Historic Home
  • 3-minute walk to City Of Franklin
  • Level Lot

About This Home

This attractive investment opportunity offers a strong mix of residential apartments and retail on the ground level. The majority of the units have been renovated, providing fresh, modern living spaces. Separately metered electric, paid by tenants, easy to manage! The retail units are either fully renovated or currently undergoing upgrades, further enhancing the property's appeal. The property is primarily 2 bedroom units, with 2 spacious one-bedroom units and 2 studio apartments. Signed three-year lease with annual rent escalations ensures long-term income growth and stability. Additional amenities include security cameras throughout the property for enhanced safety, a freshly paved parking area at the rear for added convenience, and coin-op laundry on site to serve residents while generating supplemental income. Located in Franklin, the property benefits from the ongoing development of Mill City Park and the city's designation as an Opportunity Zone, offering favorable tax incentives for future investors. Delayed showings begin 7/20/25.

This property is part of a 39 unit portfolio sale and can be sold together or separately. See MLS 5049759 and 5050830 for the other units.

Listing Agent

Viktoria Alkova

KW Coastal and Lakes & Mountains Realty Listed on: 07/03/2025

KW Coastal and Lakes & Mountains Realty

Co-Listing Agent

Ethan Ash

KW Coastal and Lakes & Mountains Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,226

Year Built

  • Built in 1920

Lot Details

  • 7,405 Sq Ft Lot
  • Level Lot
  • Historic Home

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 10,911 Sq Ft Home
  • Property has 3 Levels

Parking

  • Paved Parking
  • On-Street Parking
  • On-Site Parking

Location

  • Flood Zone Lot

Utilities

  • Hot Water Heating System
  • Cable TV Available

Community Details

  • 11 Units

Listing and Financial Details

  • Tax Block 156
  • Assessor Parcel Number 117

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,226

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Seasonal: No
  • Property Type: Residential Income
  • Year Built: 1920
  • Display On Internet: Cable Internet
  • Architectural Style: Apartment Building, Historic Vintage, Multi-Family
  • ResoLotFeatures: Level
  • Road Frontage Type: Public
  • Co List Office Mls Id: 3171-0
  • MLS Status: (31) Under Contract - Active Under Contract
  • Above Grade Finished Sq Ft: 10911.0
  • Unit Levels: 3
  • ResoPropertyCondition: Existing
  • Flood_Zone: Yes
  • Foreclosed_Or_Bank_Owned_Or_REO: No
  • Pre_Construction: No
  • Water_Body_Access: No
  • Water_View: No
  • Separate_Utilities: Varies
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab
  • Basement YN: No

Exterior Features

  • Driveway: Paved
  • Roof: Flat
  • Easements: No
  • Construction Type: Brick Exterior
  • Waterfront: No
  • Foundation Details: Concrete Slab

Garage/Parking

  • Attached Garage: No
  • Parking Features: On Site, On Street, Other

Utilities

  • Electric: Other
  • Sewer: Public Sewer
  • Heating: Natural Gas, Hot Water
  • Cooling: None
  • Utilities: Cable
  • Water Source: Public

Lot Info

  • Surveyed: Unknown
  • Zoning: B2
  • Lot Size Acres: 0.17
  • Lot Size Sq Ft: 7405.0

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 11226.39
  • Tax Block: 156
  • Tax Lot: 00
  • Tax Map Number: 117

Multi Family

  • Number Of Units Total: 11
  • Number Of Separate Electric Meters: 11

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 Change Sq Ft Price
07/03/2025 07/03/25 For Sale $1,533,000 -- $141 / Sq Ft
Source: PrimeMLS

Source: PrimeMLS

MLS Number: 5049763

PrimeMLS