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Sold on 07/14/2025

243 Union St, Franklin, MA 02038

$662,000

Last sold 07/14/2025 for $649K

  • 4

    bed

  • 3

    bath

  • 2,000

    Sqft ($325/Sqft)

Multi-family not for sale
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About 243 Union St

Property type Multi-family
Neighborhood
Year built 1900
HOA fee $0/month
Lot size 5,600 Sqft
Movoto estimate
Property description
Exceptional Investment Opportunity in Prime Franklin Location!Discover this well-maintained, income-generating property minutes from the train station and Dean College!. These spacious apartments boast an open floor plan, a strong rental history, and ample off-street parking—an uncommon find so close to transit.The large basement includes generous storage space and option to add coin-operated laundry facilities, enhancing tenant appeal and boosting rental potential. With efficient town water and sewer services, operating costs remain predictable, supporting consistent positive cash flow.Recent cosmetic updates include vinyl siding and replacement windows—ensure a turnkey experience for both tenants and owners. Whether you're a seasoned investor or a first-time buyer looking to live in one unit and rent the others, this is a rare chance to enter the Franklin market with confidence.
Listed by
Listing Agent - Elizabeth G. Schultz
Listing Office - Berkshire Hathaway HomeServices Evolution Properties
Source: MLS Property Information Network, Inc. mls logo
MLS#73396651 • last updated 1 year ago
Movoto checked MLS Property Information Network, Inc. for data 7 minutes ago
Overview
Heating Natural Gas, Electric
Levels/Style 3, 3
MLS # 73396651
Type Residential Income
Status Closed
SubType 2 Family - 2 Units Up/Down
SqFt 2000
Lot Size (SqFt) 5600
Lot Size (Acres) 0.13
Annual Property Tax 6626
Year Built 1900
Interior
Total # of Bathrooms 3
# Full Baths 3
Total # of Bedrooms 4
Basement Full
Total # of Rooms 12
Flooring Vinyl, Carpet, Hardwood
Appliances Range, Refrigerator
Interior Features Living Room, Dining Room, Kitchen
Window Features Skylight(s)
Exterior
Foundation Concrete Perimeter, Stone
Roof Shingle
Construction Frame
Parking Desc Off Street, Common, Stone/Gravel
# Parking Spaces 8
Patio/ Porch Porch
Lot Desc Other
Amenities / Utilities
Sewer Public Sewer
Electricity Circuit Breakers
Water Source Public
Location
County Norfolk
Community Features Public Transportation, Shopping, Highway Access, House Of Worship, Private School, Public School, T-Station, University, Sidewalks
Zoning R
APN 90109
Directions Route 140 To Union Street
Multifamily Details
Net Operating Income 40800
Total Actual Rent 3400
Gross Income 40800
Lot/ Land Details
Road Frontage Public
Road Responsibility Public Maintained Road
Road Surface Paved
$662K
Range: $569K-$754K
Last 30 days 
  • Sep 2025
    mls logo MLS # 73396651
  • Sep 20, 2025 Sold
    $649,900
  • Jul 14, 2025 Active
    —
  • Jun 25, 2025 Listed
    $649,900 (+68.8%)
  • Sep 2018
    mls logo MLS # 72347999
  • Sep 4, 2018 Sold
    $385,000 (-3.7%)
  • Jun 18, 2018 Listed
    $399,900 (+33.3%)
  • Mar 2010
    mls logo MLS # 71043294
  • Mar 8, 2010 Listed
    $299,900 (+11.1%)
  • Mar 2007
    Public Records
  • Mar 28, 2007 Sold
    $270,000 (-26.6%)
  • Dec 2004
    Public Records
  • Dec 16, 2004 Sold
    $368,000 (+13.2%)
  • Dec 2002
    Public Records
  • Dec 5, 2002 Sold
    $325,000
  • Year Property taxes Tax assessment
  • 2025
    $6,626 +5.8%
    $570,200 +7.32%
  • 2024
    $6,264 -50.7%
    $531,300 +6.77%
  • 2023
    $12,711 +140.4%
    $497,600 +32.23%
  • 2022
    $5,287 -2.3%
    $376,300 +1.92%
  • 2021
    $5,409 +5.3%
    $369,200 +4.32%
  • 2020
    $5,135 +10.6%
    $353,900 +11.75%
  • 2019
    $4,643 +11.7%
    $316,700 +11.67%
  • 2018
    $4,155 -2.1%
    $283,600 -2.61%
  • 2017
    $4,246 +3.7%
    $291,200
  • 2016
    $4,096
    —
  • 243 Union St
    $649K
  • Downtown Franklin
    $419K -35% y/y
  • 02038
    $599K -5% y/y
  • Franklin
    $582K -23% 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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