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Sold on 10/31/2025

159 E Central St, Franklin, MA 02038

  • $1,087,500

    Last sold 10/31/2025 after 30 Days

  • 10

    bed

  • 5

    bath

  • 3,844

    Sqft ($283/Sqft)

Multi-family not for sale
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About 159 E Central St

Property type Multi-family
Neighborhood
Year built 1850
HOA fee $0/month
Lot size 6,815 Sqft
Movoto estimate
Property description
Rare opportunity to own a well-maintained 5-unit building in prime Franklin location. This building contains two 1-bedroom units, two 2-bedroom units and one 4-bedroom unit. All units have separate heat, hot water and electric. Off-street parking for 6 cars. Coin operated laundry in basement. Roof was replaced in 2022. Other systems are in good condition. 4/5 units are currently rented with a gross monthly rent of $7650. Projected rent for vacant 4 bedroom unit is $3800. Units have been well-kept. Two units have lead compliance certificates. Ideal commuter location for tenants only .4 mi to Franklin commuter rail stop and close to Rt. 495; .2 mi to Shaw's grocery store and directly across the street from Walgreen's. This will make a great addition to any portfolio with minimum maintenance required.
Listed by
Listing Agent - Elizabeth Bain
Listing Office - Commonwealth Standard Realty Advisors
Source: MLS Property Information Network, Inc. mls logo
MLS#73438457 • last updated 4 months ago
Movoto checked MLS Property Information Network, Inc. for data 5 minutes ago
Overview
Cooling/AC Window Unit(s)
Heating Baseboard, Natural Gas
Levels/Style 8, 8
MLS # 73438457
Type Residential Income
Status Closed
SubType 5+ Family - 5+ Units Up/Down
SqFt 3844
Lot Size (SqFt) 6815
Lot Size (Acres) 0.16
Annual Property Tax 7747.05
Year Built 1850
Interior
Total # of Bathrooms 5
# Full Baths 5
Total # of Bedrooms 10
Basement Full, Interior Entry, Unfinished
Total # of Rooms 21
Flooring Vinyl, Carpet
Exterior
Foundation Brick/Mortar
Roof Shingle
Construction Frame, Brick
Parking Desc Paved Drive, Off Street
# Parking Spaces 6
Amenities / Utilities
Sewer Public Sewer
Utilities For Gas Range
Water Source Public
Location
County Norfolk
Community Features Public Transportation, Shopping, Golf, Medical Facility, Conservation Area, Highway Access, House Of Worship, Public School, University
APN 90584
Directions Enter Driveway On Franklin Ford Side
Multifamily Details
Rent Includes Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
Net Operating Income 79976
Operating Expense 11824
Total Actual Rent 7650
Financial Data Source Owner
Expense: Water/ Sewer 4600
Gross Income 91800
Lot/ Land Details
Road Frontage Public
$1.06M
Range: $923K-$1.2M
Last 30 days 
  • Jan 2026
    mls logo MLS # 73438457
  • Jan 6, 2026 Sold
    $1,087,500 (-5.4%)
  • Nov 2, 2025 Active
    —
  • Oct 1, 2025 Listed
    $1,150,000 (+4.5%)
  • Jul 2025
    mls logo MLS # 73378168
  • Jul 17, 2025 Price Change
    $1,100,000 (-8.3%)
  • May 21, 2025 Listed
    $1,200,000 (-17.2%)
  • Jan 2025
    mls logo MLS # 73329622
  • Jan 27, 2025 Listed
    $1,450,000
  • 159 E Central St
    $1.08M
  • Downtown Franklin
    $582K -1% y/y
  • 02038
    $599K -5% y/y
  • Franklin
    $764K +22% y/y
No chart available
Statistics calculated by Movoto

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7/10
Helen Keller Elementary School
public Grades K-5
Franklin School District
7/10
Annie Sullivan Middle School
public Grades 6-8
Franklin School District
9/10
Franklin High School
public Grades 9-12
Franklin School District
Source: GreatSchools.org © 2026. All rights reserved.

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The real estate listing data marked with this icon comes from the IDX program of the Massachusetts Multiple Listing Service™ system.
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith in interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
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