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21 Franklin St., Milford MA 01757

$1,099,990

Estimated $2,766/month Calculator

Multi Family

Total Units: 5

Price Per Unit: $219,998

Total Rent: 88800/year

Estimated CAP Rate:

10 Bedrooms

Baths

4522

Total Parking: 12

22,002 (0.51)

INVESTORS TAKE NOTICE! Rare opportunity to own a 5-unit multifamily property in Milford generating approximately $9,200 per month / $110,400 annually in gross rental income. Current rents are below market, offering potential for increased rental income and additional upside for the next owner. This income-producing property features an expansive off-street parking area located behind the building with space for approximately 15+ vehicles, along with lead compliance/certification documentation. Situated on a generous lot with potential for additional development or an ADU. Conveniently located near downtown Milford, shopping, restaurants, and major routes. An excellent opportunity for investors seeking an established multifamily property with strong current income, below-market rents, separate utilities and future growth potential. (buyer to due diligence).

This home has been viewed 4 times

Last Checked: September 23rd, 2026 at 4:34am (Source: MLS PIN #73567324)

Gross Income: $88,800

Gross Expenses: $25,739

Net Income Calc: $63,061

Water Views

Annual Expenses for 21 Franklin St., Milford MA 01757

Total Gross Expenses (Calculated)$25,739/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax11789

Annual Income & Unit Breakdown for 21 Franklin St., Milford MA 01757

Total Gross Income (Calculated)$88,800

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms1

Bathrooms2 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 4

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

General Information for 21 Franklin St., Milford MA 01757

Listing ID73567324

Property TypeMulti Family

Price1099990 ($243.25/SqFt)

Style5+ Family - 5+ Units Up/down

CityMilford

CountyWorcester

MLS AreaSouth Milford

Neighborhood(s)

Approximate Living Area Total4522

Approximate Lot Size (Acres)0.51

Total Parking12

Garage Parking0

Year Built1902

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningRA

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 21 Franklin St., Milford MA 01757

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsPersonal Belongings.

Financial Data SourceEstimated

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 21 Franklin St., Milford MA 01757

Real Estate Taxes11789

Tax Year2026

Assessed Value$929,000

Financial Data SourceEstimated

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 21 Franklin St., Milford MA 01757

Elementary SchoolMemorial

Middle SchoolStacy

High SchoolMilford High School

Neighborhood(s)

MLS AreaSouth Milford

Area AmenitiesWalk/jog Trails

Contact Information for 21 Franklin St., Milford MA 01757

Agent

Name: Ana Loja

Office

Name: Afonso Real Estate

Phone: 508-478-7286

Payment Calculator

, Interest

Property Taxes 982.42

Principal & Interest 6777.79

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Afonso Real Estate

Ana Loja

Agent Phone

Office Phone

(508) 478-7286

Text Agent Call Agent Call Office

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    [unparsed] => 21 Franklin St., Milford MA 01757
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EXIT

27 More Photos

Pending

21 Franklin St., Milford MA 01757

$1,099,990

Annual Expenses for 21 Franklin St., Milford MA 01757

Annual Income & Unit Breakdown for 21 Franklin St., Milford MA 01757

General Information for 21 Franklin St., Milford MA 01757

Disclosures for 21 Franklin St., Milford MA 01757

Financial Information for 21 Franklin St., Milford MA 01757

Location Information for 21 Franklin St., Milford MA 01757

Contact Information for 21 Franklin St., Milford MA 01757

Agent

Office

Payment Calculator

Exclusive Listing Agent

Afonso Real Estate

Ana Loja