2-Unit Duplex with Detached
15 Corbin St, Franklin, MA 02038
For Sale
$675,000
Residential Income, Franklin, MA
Property Size1,821 SF
Lot Size0.20 Acres
Price / SF$370.68
Days on Market8
Property Features for 15 Corbin St
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Amenities
in-unit laundry
central air conditioning
backyard
Building Details
Year built
Floors in Building
Number of units
Buildings
Listing Agency:
Keller Williams Elite · Keller Williams Realty
(508) 695-4545
Added: Nov 3
Changed: Nov 9
Last Checked: Nov 10 at 12:06AM
MLS# 73598359
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,821-square-foot duplex contains two residences, each arranged with two bedrooms, one full bathroom, and in-unit laundry. Kitchens, bathrooms, and flooring have been updated. Building improvements include a newer roof and heating system, tankless hot water, and central air conditioning. The property also has a detached two-car garage, a backyard, and off-street parking. It was built in 1930 and is zoned TWO FAMILY.
Located in Franklin, the property is described as minutes from downtown shopping, dining, commuter rail, and major routes.
Located in Franklin, the property is described as minutes from downtown shopping, dining, commuter rail, and major routes.
Key Highlights
- Two residences, each with 2 bedrooms and 1 full bathroom
- Detached 2‑car garage
- 1,821 square feet on 0.1999 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,620
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$652,400
$652.4K
Cap Rate 7%
$466,000
$466.0K
Cap Rate 9%
$362,444
$362.4K
Market Conditions
NOI Build-Up for 1,821 SF
Gross rent
$49.2K $27.00/SF
− Vacancy
−$2.6K −$1.41/SF
EGI
$46.6K $25.59/SF
− OpEx
−$14.0K −$7.68/SF
NOI
$32.6K $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%
$652,400
Cap Rate 7%
$466,000
Cap Rate 9%
$362,444
Alternative Uses
Best Use
Multifamily LT 5
$466.0K
$407.8K – $543.7K
NOI $32,620 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$430.0K
$376.2K – $501.6K
NOI $30,098 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$1.08M
$943.3K – $1.26M
NOI $75,462 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
740
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
$567,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Norfolk County, MA
Properties on Market for Duplexes in Norfolk County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two bedrooms, a full bath, and private laundry, with a shared backyard and off-street parking.
Where is this duplex located?
The property is located at 15 Corbin St Franklin, MA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 full bathroom; Detached 2‑car garage; 1,821 square feet on 0.1999 acres
