Three-Family Residential Income
26 Mccarthy Street Franklin, MA 02038
26 Mccarthy Street, Franklin, MA, 02038
$759,999
For Sale
$759,999
Three separate units feature individual utilities, town water and sewer, and a detached two-car garage on a level lot.
Property Size2,550 SF
Price / SF$298.04
Days on Market60
Property Features for 26 Mccarthy Street
General Information
- Standard status
- Active
- Size
- 2,550 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing agency
ERA Key Realty Services- Milf
Listed by
Christine Lawrence
(781) 635-9022
Source
Lindorealtygroup
Added: May 25 Updated: Jul 22 at 9:02PM Checked: Jul 22 at 9:02PM
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 ERA Key Realty Services- Milf
Investment Insights
Based on property information with market context.
This well-located three-family home offers a mix of unit layouts designed for flexible living and straightforward operations. The first-floor unit includes three bedrooms and one full bath, along with hardwood flooring, a renovated kitchen, a heated mudroom, a laundry room/pantry, and an additional bonus room. The second floor has two one-bedroom apartments, and each includes its own bonus room, updated flooring, and newer cabinetry.
Utilities are fully separate, with individual gas furnaces and electrical panels, supported by town water and sewer. All three units are currently on month-to-month leases.
A detached two-car garage provides additional utility for storage or potential rental income. The property sits on a flat, level yard.
Utilities are fully separate, with individual gas furnaces and electrical panels, supported by town water and sewer. All three units are currently on month-to-month leases.
A detached two-car garage provides additional utility for storage or potential rental income. The property sits on a flat, level yard.
Key Highlights
- 1910‑built three‑family home with 3 separate units and a detached two‑car garage
- 1st floor offers a 3‑bedroom, 1‑bath unit with hardwood floors, renovated kitchen, heated mudroom, and laundry room/pantry plus bonus room
- 2nd floor has two 1‑bedroom apartments, each with its own bonus room and updated flooring with newer cabinetry
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 | $68.9k | $27.00 |
| − Vacancy | −$3.6k | −$1.41 |
| EGI | $65.3k | $25.59 |
| − OpEx | −$19.6k | −$7.68 |
| NOI | $45.7k | $17.91 |
2,550 SF · lease $27.00/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$652.6K
$571.0K – $761.3K
NOI $45,679 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$602.1K
$526.8K – $702.5K
NOI $42,147 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,671 @ 7.0% cap · market cap 13.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three separate units feature individual utilities, town water and sewer, and a detached two-car garage on a level lot.
Where is this triplex located?
The property is located at 26 Mccarthy Street Franklin, MA.
What is the asking price?
The asking price for this property is $759,999.
What are key features of this property?
This property features: 1910‑built three‑family home with 3 separate units and a detached two‑car garage; 1st floor offers a 3‑bedroom, 1‑bath unit with hardwood floors, renovated kitchen, heated mudroom, and laundry room/pantry plus bonus room; 2nd floor has two 1‑bedroom apartments, each with its own bonus room and updated flooring with newer cabinetry
