Well-Located Three-Family
26 McCarthy Street Franklin, MA 02038
26 McCarthy Street, Franklin, MA, 02038
$774,999
For Sale
$774,999
Three-family home near downtown and commuter rail with investment potential.
Property Size2,550 SF
Price / SF$303.92
Days on Market62
Property Features for 26 McCarthy Street
General Information
- Standard status
- Active
- Size
- 2,550 SF
- Property subtype
- Multi-family / 3 Family
Building Details
- Year Built
- 1910
Listing Agency
ERA Key Realty Services- Milf
(508) 478-7777
Listed by
Christine Lawrence · License #9087937
(508) 478-7777
Source
Compass
Added: May 17 Checked: Jul 17 at 6:44 am
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 is situated just minutes from downtown and the commuter rail, presenting a strong opportunity for investment or owner-occupancy. The first floor features a spacious three-bedroom unit with one full bath, hardwood flooring, a renovated kitchen, a heated mudroom, a laundry room/pantry, and an additional bonus room. The second floor contains two one-bedroom apartments, each equipped with its own bonus room, updated flooring, and newer cabinetry. All utilities are fully separate, including individual gas furnaces and electrical panels, as well as town water and sewer. Each unit is currently under a month-to-month lease. A detached two-car garage provides additional income potential or storage. The property includes a flat, level yard. The property has a size of 2550 square feet.
Key Highlights
- Strong investment potential with below‑market rents offering immediate upside.
- Well‑located near downtown and commuter rail for easy access.
- Three separate units (one 3‑bedroom, two 1‑bedroom) with fully separate utilities.
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 5.89%
Second Best
Apartment 5plus
$602.1K
$526.8K – $702.5K
NOI $42,147 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,671 @ 7.0% cap · market cap 13.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-family home near downtown and commuter rail with investment potential.
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 $774,999.
What are key features of this property?
This property features: Strong investment potential with below‑market rents offering immediate upside.; Well‑located near downtown and commuter rail for easy access.; Three separate units (one 3‑bedroom, two 1‑bedroom) with fully separate utilities.
