Two-Unit Duplex with Separate
200 Union St Franklin, MA 02038
200 Union St, Franklin, MA, 02038
$760,000
Pending
For Sale
$760,000
Pending
Updated two-family with separate utilities, gas heat, in-unit laundry, and off-street parking.
Property Size2,493 SF
Days on Market77
Property Features for 200 Union St
General Information
- Standard status
- Pending
- Size
- 2,493 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1900
Listing agency
eXp Realty
(774) 266-6158
Listed by
Esposito Group
(774) 266-6158
Source
Lockandkeyre
Added: May 7 Updated: Jul 22 at 12:01AM Checked: Jul 22 at 12:01AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This updated two-family duplex offers two spacious units configured with separate utilities. The property includes gas heat, town water/sewer, vinyl siding, and a newer roof. Each unit has modern appliances, in-unit laundry, and access to basement storage. Mechanical updates include two newer furnace/tankless hot water combinations, supporting efficient hot water service for both units.
Located in downtown Franklin, the home is described as super convenient to Dean College, commuter rail, restaurants, and shopping. Exterior features include off-street parking, a fenced backyard, and outdoor living spaces such as a deck, patio, porch, and fire pit.
Located in downtown Franklin, the home is described as super convenient to Dean College, commuter rail, restaurants, and shopping. Exterior features include off-street parking, a fenced backyard, and outdoor living spaces such as a deck, patio, porch, and fire pit.
Key Highlights
- Updated 2‑family built in 1900 with separate utilities and two spacious units
- Gas heat with town water/sewer
- Two newer furnace/tankless hot water combo systems
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.3k | $27.00 |
| − Vacancy | −$3.5k | −$1.41 |
| EGI | $63.8k | $25.59 |
| − OpEx | −$19.1k | −$7.68 |
| NOI | $44.7k | $17.91 |
2,493 SF · lease $27.00/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$638.0K
$558.2K – $744.3K
NOI $44,658 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$588.6K
$515.1K – $686.7K
NOI $41,204 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,309 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Updated two-family with separate utilities, gas heat, in-unit laundry, and off-street parking.
Where is this duplex located?
The property is located at 200 Union St Franklin, MA.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: Updated 2‑family built in 1900 with separate utilities and two spacious units; Gas heat with town water/sewer; Two newer furnace/tankless hot water combo systems
