Two-Family Home with Expansive
New
For Sale
$689,900
258 Washington St., Franklin, MA 02038
Two separate residences offer a combined seven bedrooms, individual utilities, and basement laundry facilities.
Property Size2,632 SF
Price / SF$262.12
Days on Market7
Property Features for 258 Washington St.
General Information
Standard status
Active
Size
2,632 SF
Total Parking Spaces
10
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
3+ bedrooms, 4 bedrooms
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,767
Amenities
screened-in porch
communal storage shed
laundry facilities
Living Room
Kitchen
Building Details
Building Size
2,632 SF
Year Built
1915
Buildings
1
Stories
2
Units
2
Listing Agency:
RE/MAX Real Estate Center
(508) 699-1600
Listed By:
Ellen Connelly · License #449551436
(508) 212-6948
Source:
Berettarealty
Added: Oct 19
Changed: Oct 25
Last Checked: Oct 24 at 9:14PM
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 RE/MAX Real Estate Center
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Investment Insights
Based on property information with market context.
This 2,632-square-foot duplex contains two residences with seven bedrooms combined: one unit has 3+ bedrooms and the other has 4. Each unit has separate heat and electric service, with a newer natural gas furnace for each. Both residences are lead compliant. Basement laundry, a screened porch, and a shared storage shed add practical features to the property. The lot spans more than 2 acres and includes an 8-bedroom septic system, along with substantial parking.
The property is near MBTA commuter rail service, Dean College, an apple orchard, and major highway access.
The property is near MBTA commuter rail service, Dean College, an apple orchard, and major highway access.
Key Highlights
- Two‑unit property with 7 bedrooms total: 3+ in one unit and 4 in the other
- 2,632 square feet on more than 2 acres
- 8‑bedroom septic system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,148
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$942,960
$943.0K
Cap Rate 7%
$673,543
$673.5K
Cap Rate 9%
$523,867
$523.9K
Market Conditions
NOI Build-Up for 2,632 SF
Gross rent
$71.1K $27.00/SF
− Vacancy
−$3.7K −$1.41/SF
EGI
$67.4K $25.59/SF
− OpEx
−$20.2K −$7.68/SF
NOI
$47.1K $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%
$942,960
Cap Rate 7%
$673,543
Cap Rate 9%
$523,867
Alternative Uses
Best Use
Multifamily LT 5
$673.5K
$589.4K – $785.8K
NOI $47,148 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$621.5K
$543.8K – $725.0K
NOI $43,502 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $109,069 @ 7.0% cap · market cap 15.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
173
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?
Duplex - Two separate residences offer a combined seven bedrooms, individual utilities, and basement laundry facilities.
Where is this duplex located?
The property is located at 258 Washington St. Franklin, MA.
What is the asking price?
The asking price for this property is $689,900.
What are key features of this property?
This property features: Two‑unit property with 7 bedrooms total: 3+ in one unit and 4 in the other; 2,632 square feet on more than 2 acres; 8‑bedroom septic system
