For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search

159 E Central St Franklin, MA 02038

For Sale
$1,150,000

Well-maintained 5-unit building in prime Franklin location.

Lot size:
0.16 Acres

Property Features for 159 E Central St

General Information

Lot size
0.16 Acres

Building Details

Year built
1850

Source: Commonwealth Standard Realty Advisors Agent Elizabeth Bain

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Franklin Multifamily Investment Opportunity

This well-maintained 5-unit building is located in Franklin. The property features two 1-bedroom units, two 2-bedroom units, and one 4-bedroom unit. Each unit has separate heat, hot water, and electric. There is off-street parking available for 6 cars. A coin-operated laundry is located in the basement. The roof was replaced in 2022, and other systems are in good condition. Currently, four out of the five units are rented, generating a gross monthly rent of $7650. The projected rent for the vacant 4-bedroom unit is $3800. Two units have lead compliance certificates. The property is situated in an ideal commuter location, being 0.4 miles from the Franklin commuter rail stop and close to Route 495. It is also conveniently located 0.2 miles from Shaw's grocery store and directly across the street from Walgreen's. This property is suitable as an addition to any portfolio with minimum maintenance required.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Franklin
County
Norfolk
State
Massachusetts
Longitude
-71.3904917
Latitude
42.0810415

FAQs

What type of property is this?
Apartment building - Well-maintained 5-unit building in prime Franklin location.
Where is this apartment building located?
The property is located at 159 E Central St Franklin, MA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: - High Income Potential: Current gross monthly rent of $7650 with an additional projected rent of $3800 for the vacant 4-bedroom unit.; - Prime Commuter Location: Only .4 miles to Franklin commuter rail stop and close to Rt. 495.; - Low Maintenance: Well-maintained building with separate utilities for each unit and coin-operated laundry.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message