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    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

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    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.
    (508) 954-1935
    Request Owner's contact information
    159 E Central St Franklin, MA 02038
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    Franklin, MA 02038
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    159 E Central St Franklin, MA 02038
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