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    8 Alpine Pl Franklin, MA 02038

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    For Sale
    $650,000

    Four residential units in downtown Franklin with redevelopment potential.

    Lot size:
    0.14 Acres

    Property Features for 8 Alpine Pl

    General Information

    Lot size
    0.14 Acres

    Building Details

    Year built
    1900

    Source: Costello Realty Agent Christine Molla

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

    Overview

    Downtown Franklin Four-Family Investment Opportunity

    Located in a downtown area with Commercial I zoning, this four-family property presents an investment opportunity. The multi-family building contains four residential rental units: two two-bedroom units and two studio apartments. A three-car garage is located under the building, and a detached two-car garage (20 X 24) provides additional storage. The property is connected to town water and sewer services and uses natural gas. The roof, heating system, and hot water system are approximately four years old. The property requires updating, which is reflected in the list price. Sold in as-is condition, this property has potential as an income property or for redevelopment. The current assessment is $773,500. All rents are currently well below market value and are all TAW.
    Insight Report Location Intelligence

    Current Use by Public Records

    Franklin Plumbing & Heating Plumber

    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
    -71.3946632
    Latitude
    42.0824923

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    FAQs

    What type of property is this?
    Multifamily property - Four residential units in downtown Franklin with redevelopment potential.
    Where is this multifamily property located?
    The property is located at 8 Alpine Pl Franklin, MA.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Downtown Commercial I Zoning offers redevelopment potential.; - Four residential rental units provide income potential.; - Three-car garage under plus a detached **two-car garage (20 X 24) for storage**.
    (508) 768-7880
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    8 Alpine Pl 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
    8 Alpine Pl Franklin, MA 02038
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