Cape Cod-Style
New
For Sale
$724,900
81 Pleasant Street, Franklin, MA 02038
Two separate residences each include a private patio, driveway, and laundry area.
Property Size2,200 SF
Price / SF$329.50
Days on Market6
Property Features for 81 Pleasant Street
General Information
Standard status
Active
Size
2,200 SF
Total Parking Spaces
6
Property subtype
Residential Income
Zoning
GRV
Net Operating Income
$54,000
Taxes and HOA fees
Annual Taxes
$6,551
Building Details
Building Size
2,200 SF
Year Built
1900
Listing Agency:
Century 21 Custom Home Realty
Listed By:
Bobby Capuzziello
(508) 473-4777
Source:
413realestate
Added: Sep 30
Changed: Oct 4
Last Checked: Oct 4 at 6:57AM
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 Century 21 Custom Home Realty
Investment Insights
Based on property information with market context.
This 2,200-square-foot duplex, built in 1900, contains two side-by-side residences. The larger unit has three bedrooms, a living room, dining room, kitchen, bathroom, and laundry area. The second residence includes one bedroom, a living room, kitchen, and den or office. Each unit has its own heating system and water heater, along with a private patio, dedicated driveway, and washer and dryer. The property also features a covered porch, fenced backyard, and GRV zoning. The home was painted within the past year.
Key Highlights
- 2,200‑square‑foot duplex with two side‑by‑side residences
- Three‑bedroom unit with living room, dining room, kitchen, bathroom, and laundry area
- One‑bedroom unit includes a living room, kitchen, and den or office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,410
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$788,200
$788.2K
Cap Rate 7%
$563,000
$563.0K
Cap Rate 9%
$437,889
$437.9K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$59.4K $27.00/SF
− Vacancy
−$3.1K −$1.41/SF
EGI
$56.3K $25.59/SF
− OpEx
−$16.9K −$7.68/SF
NOI
$39.4K $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%
$788,200
Cap Rate 7%
$563,000
Cap Rate 9%
$437,889
Alternative Uses
Best Use
Multifamily LT 5
$563.0K
$492.6K – $656.8K
NOI $39,410 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$519.5K
$454.5K – $606.0K
NOI $36,362 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,167 @ 7.0% cap · market cap 12.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences each include a private patio, driveway, and laundry area.
Where is this duplex located?
The property is located at 81 Pleasant Street Franklin, MA.
What is the asking price?
The asking price for this property is $724,900.
What are key features of this property?
This property features: 2,200‑square‑foot duplex with two side‑by‑side residences; Three‑bedroom unit with living room, dining room, kitchen, bathroom, and laundry area; One‑bedroom unit includes a living room, kitchen, and den or office
