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Active

97 E Central St, Franklin MA 02038

$849,900

Estimated $2,141/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $212,475

Total Rent: 76800/year

Estimated CAP Rate:

6 Bedrooms

Baths

3263

Total Parking: 6

16,209 (0.37)

Opportunity awaits in the heart of Franklin! Ideally located just minutes from downtown shops, restaurants, commuter rail access, major highways, and everyday conveniences, this four-family property offers exceptional potential for investors and owner-occupants alike. The building features four units: a spacious 2-bedroom, 2-bath unit with its own laundry, high ceilings, crown molding, hardwood floors, and timeless character; a first-floor 1-bedroom, 1-bath unit with access to a private deck; a second-floor 2-bedroom, 1-bath unit; and an upper-level 1-bedroom, 1-bath unit with access to a private deck. Ample off-street parking adds to the appeal. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the others, this centrally located property offers flexibility and opportunity in a highly convenient location. 3 of the 4 units are currently occupied with T.A.W tenants. Please attempt to limit first showings to Open Houses; Thursday August 6 from 3-6pm and Saturday, August 8 from 11-1.

This home has been viewed 14 times

Last Checked: August 5th, 2026 at 5:43am (Source: MLS PIN #73556883)

Gross Income: $76,800

Gross Expenses: $9,158

Net Income Calc: $67,642

Annual Expenses for 97 E Central St, Franklin MA 02038

Total Gross Expenses (Calculated)$9,158/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax9158

Annual Income & Unit Breakdown for 97 E Central St, Franklin MA 02038

Total Gross Income (Calculated)$76,800

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms2 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

General Information for 97 E Central St, Franklin MA 02038

Listing ID73556883

Property TypeMulti Family / 4 Family

Price849900 ($260.47/SqFt)

Style4 Family

CityFranklin

CountyNorfolk

Neighborhood(s)

Approximate Living Area Total3263

Approximate Lot Size (Acres)0.37

Total Parking6

Garage Parking0

Year Built1880

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningC1

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 97 E Central St, Franklin MA 02038

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsPersonal Property

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 97 E Central St, Franklin MA 02038

Real Estate Taxes9158

Tax Year2026

Assessed Value$801,900

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 97 E Central St, Franklin MA 02038

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 97 E Central St, Franklin MA 02038

Agent

Name: Lisa Bailey

Office

Name: Berkshire Hathaway HomeServices Evolution Properties

Phone: 508-384-3435

Payment Calculator

, Interest

Property Taxes 763.17

Principal & Interest 5236.81

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Berkshire Hathaway HomeServices Evolution Properties

Lisa Bailey

Agent Phone

Office Phone

(508) 384-3435

Text Agent Call Agent Call Office

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EXIT

34 More Photos

Active

97 E Central St, Franklin MA 02038

$849,900

Annual Expenses for 97 E Central St, Franklin MA 02038

Annual Income & Unit Breakdown for 97 E Central St, Franklin MA 02038

General Information for 97 E Central St, Franklin MA 02038

Disclosures for 97 E Central St, Franklin MA 02038

Financial Information for 97 E Central St, Franklin MA 02038

Location Information for 97 E Central St, Franklin MA 02038

Contact Information for 97 E Central St, Franklin MA 02038

Agent

Office

Payment Calculator

Exclusive Listing Agent

Berkshire Hathaway HomeServices Evolution Properties

Lisa Bailey