6-Bedroom Multifamily
New
For Sale
$825,000
17 Alpine Pl, Franklin, MA 02038
Three levels, two full bathrooms, and an attached garage shape the residential layout.
Property Size2,803 SF
Price / SF$294.33
Days on Market3
Property Features for 17 Alpine Pl
General Information
Standard status
Active
Size
2,803 SF
Property subtype
Multi-Family
Building Details
Year Built
1900
Stories
3
Listing Agency:
Alexander Zedros, Harbor View Real Estate Corp
Listed By:
Home and Key Real Estate
(508) 817-4284
Source:
Bristolcountyhomesforsale
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 24 at 4:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Alexander Zedros, Harbor View Real Estate Corp
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Investment Insights
Based on property information with market context.
Built in 1900, this three-story multifamily residence has six bedrooms and two full bathrooms. An attached garage and outdoor grounds are also part of the property.
Located at 17 Alpine Pl in Franklin, Massachusetts, the property offers a residential configuration across three levels.
Located at 17 Alpine Pl in Franklin, Massachusetts, the property offers a residential configuration across three levels.
Key Highlights
- Six bedrooms in a three‑story residence
- Two full bathrooms
- Attached garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,328
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$926,560
$926.6K
Cap Rate 7%
$661,829
$661.8K
Cap Rate 9%
$514,756
$514.8K
Market Conditions
NOI Build-Up for 2,803 SF
Gross rent
$89.1K $31.80/SF
− Vacancy
−$4.9K −$1.75/SF
EGI
$84.2K $30.05/SF
− OpEx
−$37.9K −$13.52/SF
NOI
$46.3K $16.53/SF
Area
Norfolk County, MA
Vacancy
5.50%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$926,560
Cap Rate 7%
$661,829
Cap Rate 9%
$514,756
Alternative Uses
Best Use
Apartment 5plus
$661.8K
$579.1K – $772.1K
NOI $46,328 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,156 @ 7.0% cap · market cap 14.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
740
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Three levels, two full bathrooms, and an attached garage shape the residential layout.
Where is this multifamily property located?
The property is located at 17 Alpine Pl Franklin, MA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Six bedrooms in a three‑story residence; Two full bathrooms; Attached garage
