Triplex with Vacant
44 Winter St Franklin, MA 02038
44 Winter St, Franklin, MA, 02038
$872,900
For Sale
$872,900
Three-unit residential income property with a vacant first unit and two currently leased units.
Property Size2,337 SF
Price / SF$373.51
Days on Market51
Property Features for 44 Winter St
General Information
- Standard status
- Active
- Size
- 2,337 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing agency
City Realty Group
(978) 578-5013
Listed by
Chris Bernier
(978) 578-5013
Source
Churchillprop
Added: Jun 3 Updated: Jul 23 at 2:29AM Checked: Jul 23 at 3:30AM
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 City Realty Group
Investment Insights
Based on property information with market context.
This well-maintained three-family property offers a flexible layout for investors and owner-occupants. The first and second floor units each provide 3 bedrooms and 1 full bath, while the third-floor unit is studio-style. Unit 1 is vacant and ready for immediate occupancy. Unit 2 is leased at $2,000/month, and Unit 3 is leased at $900/month (TAW).
The building includes hardwood floors and off-street parking. Exterior improvements include low-maintenance vinyl siding, along with a newer roof and updated mechanical systems, including oil tanks, a boiler, and a hot water heater.
Overall, the property is configured for income generation across three separate units, with one unit currently available to move into.
The building includes hardwood floors and off-street parking. Exterior improvements include low-maintenance vinyl siding, along with a newer roof and updated mechanical systems, including oil tanks, a boiler, and a hot water heater.
Overall, the property is configured for income generation across three separate units, with one unit currently available to move into.
Key Highlights
- 3‑family residential with Unit 1 vacant and ready for immediate occupancy
- Unit 2 leased at $2,000/month; Unit 3 leased at $900/month (TAW)
- All units offer multiple living spaces: first and second floor each have 3BD/1BA; third floor is studio‑style
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 | $63.1k | $27.00 |
| − Vacancy | −$3.3k | −$1.41 |
| EGI | $59.8k | $25.59 |
| − OpEx | −$17.9k | −$7.68 |
| NOI | $41.9k | $17.91 |
2,337 SF · lease $27.00/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$598.1K
$523.3K – $697.7K
NOI $41,864 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$551.8K
$482.8K – $643.8K
NOI $38,626 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,845 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Three-unit residential income property with a vacant first unit and two currently leased units.
Where is this triplex located?
The property is located at 44 Winter St Franklin, MA.
What is the asking price?
The asking price for this property is $872,900.
What are key features of this property?
This property features: 3‑family residential with Unit 1 vacant and ready for immediate occupancy; Unit 2 leased at $2,000/month; Unit 3 leased at $900/month (TAW); All units offer multiple living spaces: first and second floor each have 3BD/1BA; third floor is studio‑style
