Seven-Bedroom Duplex with EV
For Sale
Under Contract
$900,000
104 Union St, Franklin, MA 02038
Residential Income, Franklin, MA
Property Size2,820 SF
Lot Size0.27 Acres
Price / SF$319.15
Days on Market12
Property Features for 104 Union St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RES
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 1, Bedroom 6, Bathroom 1, Bedroom 4, Bedroom 5, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 7
Parking
5
Directions
GPS
Standard status
Active Under Contract
APN
M:0278 B:0204 L:0000,91122
Size
2,820 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8080
Amenities
in-unit laundry
mudroom
EV charging station
patio
firepit
Building Details
Year built
1865
Floors in Building
3
Number of units
2
Listing Agency:
REMAX Executive Realty · RE/MAX International
Listed By:
Bill Wright · License #5503
(508) 520-9696
Added: Oct 20
Changed: Oct 30
Last Checked: Oct 31 at 3:06PM
MLS# 73593009
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This RES-zoned duplex contains 2,820 square feet across two apartments, with a total of seven bedrooms. The first unit has three bedrooms, two full bathrooms, an island kitchen, and in-unit laundry. The second offers four bedrooms, a bonus room, an eat-in kitchen with an island, and a full bathroom. Each apartment has a mudroom and an EV charging station; the property also includes a patio and firepit in a common outdoor area.
Built in 1865, the building sits on a 0.2663-acre lot in downtown Franklin. The commuter rail, restaurants, and shopping are nearby.
Built in 1865, the building sits on a 0.2663-acre lot in downtown Franklin. The commuter rail, restaurants, and shopping are nearby.
Key Highlights
- 2,820‑square‑foot duplex with seven bedrooms
- Unit 1 includes three bedrooms, two full bathrooms, and in‑unit laundry
- Unit 2 has four bedrooms and 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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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
743
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct apartments combine island kitchens, individual mudrooms, and shared outdoor space.
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: 2,820‑square‑foot duplex with seven bedrooms; Unit 1 includes three bedrooms, two full bathrooms, and in‑unit laundry; Unit 2 has four bedrooms and a bonus room
