Duplex with EV
New
For Sale
$900,000
104 Union St, Franklin, MA 02038
Two distinct residences offer updated kitchens, private mudrooms, and shared outdoor space in downtown Franklin.
Property Size2,820 SF
Days on Market6
Property Features for 104 Union St
General Information
Standard status
Active
Size
2,820 SF
Property subtype
Multi Family
Additional Details
Asking Price
$950,000
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,080
Amenities
patio
firepit
in-unit washer/dryer
EV charging station
Building Details
Building Size
2,820 SF
Year Built
1865
Buildings
1
Listing Agency:
REMAX Executive Realty
Listed By:
The Arienti Group
Source:
Allisonmazer
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 24 at 10:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REMAX Executive Realty
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Investment Insights
Based on property information with market context.
This two-unit duplex, built in 1865, has renovated interiors and separate layouts. The first residence contains three bedrooms, two full bathrooms, an island kitchen, and in-unit laundry. The second includes an eat-in kitchen, an updated full bathroom, two bedrooms on the second floor, and two more bedrooms plus a bonus room on the third. Each residence has a mudroom and an EV charging station. A patio and firepit serve as shared outdoor amenities.
The property is at 104 Union St in downtown Franklin, near commuter rail service, restaurants, shopping, and local amenities.
The property is at 104 Union St in downtown Franklin, near commuter rail service, restaurants, shopping, and local amenities.
Key Highlights
- Two‑unit duplex with separate residential layouts
- Unit 1 has 3 bedrooms, 2 full baths, an island kitchen, and in‑unit laundry
- Unit 2 has 4 bedrooms across the second and third floors, plus a bonus room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,516
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,010,320
$1.0M
Cap Rate 7%
$721,657
$721.7K
Cap Rate 9%
$561,289
$561.3K
Market Conditions
NOI Build-Up for 2,820 SF
Gross rent
$76.1K $27.00/SF
− Vacancy
−$4.0K −$1.41/SF
EGI
$72.2K $25.59/SF
− OpEx
−$21.6K −$7.68/SF
NOI
$50.5K $17.91/SF
Area
Norfolk County, MA
Vacancy
5.22%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,010,320
Cap Rate 7%
$721,657
Cap Rate 9%
$561,289
Alternative Uses
Best Use
Multifamily LT 5
$721.7K
$631.5K – $841.9K
NOI $50,516 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$665.8K
$582.6K – $776.8K
NOI $46,609 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,860 @ 7.0% cap · market cap 12.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
743
Businesses Nearby
Explore this area
Business Placement
Demographics for 02038, MA
33,261
Population
12,889
Households
2.6
Avg Household Size
41
Median Age
56%
College-Educated
97%
High-School Grad
26.6 sq mi
ZIP Area
1,250
Density / Sq Mi
$142,788
Median Household Income
$67,728
Median Earnings
$1,856
Median Rent
$567,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residences offer updated kitchens, private mudrooms, and shared outdoor space in downtown Franklin.
Where is this duplex located?
The property is located at 104 Union St Franklin, MA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Two‑unit duplex with separate residential layouts; Unit 1 has 3 bedrooms, 2 full baths, an island kitchen, and in‑unit laundry; Unit 2 has 4 bedrooms across the second and third floors, plus a bonus room
