Six-Bedroom
New
For Sale
$825,000
17 Alpine Pl, Franklin, MA 02038
Residential Income, Franklin, MA
Property Size2,803 SF
Lot Size0.27 Acres
Price / SF$294.33
Days on Market4
Property Features for 17 Alpine Pl
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Res
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 1, Bedroom 6
Parking
7
Directions
East Central to Alpine Pl
Standard status
Active
APN
M:0279 B:0251 L:0000,90350
Size
2,803 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8485
Building Details
Year built
1900
Floors in Building
3
Number of units
2
Buildings
1
Listing Agency:
Keller Williams Elite · Keller Williams Realty
(508) 695-4545
Added: Oct 22
Changed: Oct 24
Last Checked: Oct 25 at 11:06AM
MLS# 73593841
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.
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Investment Insights
Based on property information with market context.
This duplex offers 2,803 square feet across three stories, with six bedrooms and two full bathrooms. An attached garage is part of the property, and the parcel measures 0.2718 acres. Built in 1900, the residence is zoned Res.
Located in Franklin, Massachusetts, the property is at 17 Alpine Pl, within Norfolk County and ZIP code 02038.
Located in Franklin, Massachusetts, the property is at 17 Alpine Pl, within Norfolk County and ZIP code 02038.
Key Highlights
- 2,803‑square‑foot duplex
- Six bedrooms and two full bathrooms
- Three‑story residence built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,211
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,004,220
$1.0M
Cap Rate 7%
$717,300
$717.3K
Cap Rate 9%
$557,900
$557.9K
Market Conditions
NOI Build-Up for 2,803 SF
Gross rent
$75.7K $27.00/SF
− Vacancy
−$4.0K −$1.41/SF
EGI
$71.7K $25.59/SF
− OpEx
−$21.5K −$7.68/SF
NOI
$50.2K $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%
$1,004,220
Cap Rate 7%
$717,300
Cap Rate 9%
$557,900
Alternative Uses
Best Use
Multifamily LT 5
$717.3K
$627.6K – $836.9K
NOI $50,211 @ 7.0% cap · market cap 6.09%
Second Best
Apartment 5plus
$661.8K
$579.1K – $772.1K
NOI $46,328 @ 7.0% cap · market cap 5.62%
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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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
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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?
Duplex - The three-story residence includes an attached garage and occupies a 0.2718-acre parcel.
Where is this duplex 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: 2,803‑square‑foot duplex; Six bedrooms and two full bathrooms; Three‑story residence built in 1900
