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159 East Central Street, Franklin MA 02038

$1,450,000

Estimated $2,949.75/month Calculator

Multi Family

Total Units: 5

Price Per Unit: $290,000

Total Rent: 68400/year

Estimated CAP Rate: 3.36%

11 Bedrooms

5 Full Baths

3,844 SqFt

Total Parking: 8

11,400 SqFt

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 159 E Central Street in Franklin, Massachusetts. Within walking distance of the commuter rail. The three-story building contains five (5) residential units comprised of two (2), 1-Bedroom/1-Bathroom units, two (2), 2-Bedroom/1-Bathroom units, and one (1),5-Bedroom/1-Bathroom unit with 3,844 square feet of living area in 11,400 total gross square feet. The Property is situated on a 0.156-acre parcel of land and features eight (8) on-site parking spaces.

This home has been viewed 80 times

Last Checked: March 18th, 2025 at 4:19am (Source: MLS PIN #73329622)

Gross Income: $68,400

Gross Expenses: $19,608

Net Income Calc: $48,792

CAP Rate: 3.36%

Annual Expenses for 159 East Central Street, Franklin MA 02038

Total Gross Expenses (Calculated)$19,608/year

APOD AvailableYes

Heating

Electricity$275

Water$5,000

Gas$5,000

Insurance$4,100

Sewer$5,000

Trash Removal$1,800

Repair & Maintenance

Management

Miscellaneous$1,250

Real Estate Tax$7,183

Annual Income & Unit Breakdown for 159 East Central Street, Franklin MA 02038

Total Gross Income (Calculated)$68,400

Unit 1

Rental Income$1,850

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit0

HeatingNo

Rent Includes

Unit 2

Rental Income$1,350

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$1,350

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingNo

Rent Includes

Unit 4

Rental Income$1,150

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingNo

Rent Includes

General Information for 159 East Central Street, Franklin MA 02038

Listing ID73329622

Property TypeMulti Family

Price$1,450,000 ($377.21/SqFt)

Style5+ Family - 5+ Units Up/down

CityFranklin

CountyNorfolk

MLS Area

Neighborhood(s)

Approximate Living Area Total3,844 SqFt

Approximate Lot Size (Acres)0.26 acres

Total Parking8

Garage Parking

Year Built1850

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame, Brick

Lot Features

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningRA

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 159 East Central Street, Franklin MA 02038

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourcePro. Forma Available, Accountant

Total Gross Expenses By Broker$24,108

Total Gross Income By Broker$95,865

Total Net Income By Broker$71,757

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 159 East Central Street, Franklin MA 02038

Real Estate Taxes$7,183

Tax Year2024

Assessed Value$666,700

Financial Data SourcePro. Forma Available, Accountant

Total Gross Expenses By Broker$24,108

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$95,865

BostonRealEstate.com Gross Income

Total Net Income By Broker$71,757

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)3.36%

Location Information for 159 East Central Street, Franklin MA 02038

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesShopping, Public Transportation

Contact Information for 159 East Central Street, Franklin MA 02038

Agent

Name: Spencer Smith

Office

Name: Horvath & Tremblay

Phone: 781-776-4000

Payment Calculator

, Interest

Property Taxes 598.58

Principal & Interest 8934.44

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Horvath & Tremblay

Spencer Smith

Agent Phone

Office Phone

(781) 776-4000

Text Agent Call Agent Call Office

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    [description] => Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 159 E Central Street in Franklin, Massachusetts. Within walking distance of the commuter rail. The three-story building contains five (5) residential units comprised of two (2), 1-Bedroom/1-Bathroom units, two (2), 2-Bedroom/1-Bathroom units, and one (1),5-Bedroom/1-Bathroom unit with 3,844 square feet of living area in 11,400 total gross square feet. The Property is situated on a 0.156-acre parcel of land and features eight (8) on-site parking spaces.
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            [phone] => 781-776-4000
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[owner_occupancy_source] => 
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[pasture_area] => None
    [patio_and_porch] => Array
        (
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[perc_test] => Array
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[perc_test_date] => Unknown
    [pet_policy] => Array
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[phone] => 617-688-9909
    [pool_features] => Array
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[road_frontage_type] => Array
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[terms] => Array
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[uffi] => Array
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EXIT

Withdrawn

159 East Central Street, Franklin MA 02038

$1,450,000

Annual Expenses for 159 East Central Street, Franklin MA 02038

Annual Income & Unit Breakdown for 159 East Central Street, Franklin MA 02038

General Information for 159 East Central Street, Franklin MA 02038

Disclosures for 159 East Central Street, Franklin MA 02038

Financial Information for 159 East Central Street, Franklin MA 02038

Location Information for 159 East Central Street, Franklin MA 02038

Contact Information for 159 East Central Street, Franklin MA 02038

Agent

Office

Payment Calculator

Exclusive Listing Agent

Horvath & Tremblay

Spencer Smith