Four-Unit Residential Income
67 Alpine Place Franklin, MA 02038
67 Alpine Place, Franklin, MA, 02038
$1,000,000
For Sale
$1,000,000
Quadplex offering four separate units with off-street parking and tenant-paid gas heat, hot water, and separately metered electricity.
Property Size3,666 SF
Lot Size0.32 Acres
Price / SF$272.78
Days on Market11
Property Features for 67 Alpine Place
General Information
- Standard status
- Active
- Size
- 3,666 SF
- Lot size
- 0.32 Acres
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Horvath & Tremblay
(781) 776-4000
Listed by
Kelleher - Pentore Team
Source
Gregoryhaughton
Added: Jul 11 Updated: Jul 20 at 4:47AM Checked: Jul 20 at 4:47AM
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 Horvath & Tremblay
Investment Insights
Based on property information with market context.
67 Alpine Place is a four-unit residential income property containing one 4-bedroom/2-bath unit, one 3-bedroom/1-bath unit, one 2-bedroom/1-bath unit, and one 1-bedroom/1-bath unit. The building totals 3,666 square feet of gross living area within 5,754 square feet of gross area, and it sits on a 0.32-acre parcel. The property includes twelve off-street parking spaces.
The landlord provides city water and sewer, paid directly by the landlord. Tenants are responsible for gas-powered heat and hot water and for separately metered electricity.
The property is currently owner occupied. New ownership would take over operation of a well-maintained asset with access to Franklin’s commuter rail service, local bus options, and close proximity to Interstate 495.
The landlord provides city water and sewer, paid directly by the landlord. Tenants are responsible for gas-powered heat and hot water and for separately metered electricity.
The property is currently owner occupied. New ownership would take over operation of a well-maintained asset with access to Franklin’s commuter rail service, local bus options, and close proximity to Interstate 495.
Key Highlights
- Quadplex with 4 units: 4BR/2BA, 3BR/1BA, 2BR/1BA, and 1BR/1BA
- Total 3,666 SF gross living area and 5,754 SF gross area on a 0.32‑acre parcel
- 12 off‑street parking spaces
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 | $99.0k | $27.00 |
| − Vacancy | −$5.2k | −$1.41 |
| EGI | $93.8k | $25.59 |
| − OpEx | −$28.1k | −$7.68 |
| NOI | $65.7k | $17.91 |
3,666 SF · lease $27.00/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$938.2K
$820.9K – $1.09M
NOI $65,671 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$865.6K
$757.4K – $1.01M
NOI $60,592 @ 7.0% cap · market cap 6.06%
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $151,918 @ 7.0% cap · market cap 15.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Quadplex offering four separate units with off-street parking and tenant-paid gas heat, hot water, and separately metered electricity.
Where is this quadplex located?
The property is located at 67 Alpine Place Franklin, MA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Quadplex with 4 units: 4BR/2BA, 3BR/1BA, 2BR/1BA, and 1BR/1BA; Total 3,666 SF gross living area and 5,754 SF gross area on a 0.32‑acre parcel; 12 off‑street parking spaces
