21 Franklin St., Milford MA 01757
Milford, MA 01757 • South Milford
$1,099,990
Est. $6,745/month
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Open House Schedule
28
Aug
Friday, August 28
4:00 PM - 6:00 PM EDT
30
Aug
Sunday, August 30
1:00 PM - 3:00 PM EDT
About this home
INVESTORS TAKE NOTICE! Rare opportunity to own a 5-unit multifamily property in Milford generating approximately $9,200 per month / $110,400 annually in gross rental income. Current rents are below market, offering potential for increased rental income and additional upside for the next owner. This income-producing property features an expansive off-street parking area located behind the building with space for approximately 15+ vehicles, along with lead compliance/certification documentation. Situated on a generous lot with potential for additional development or an ADU. Conveniently located near downtown Milford, shopping, restaurants, and major routes. An excellent opportunity for investors seeking an established multifamily property with strong current income, below-market rents, separate utilities and future growth potential. (buyer to due diligence).
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Aug 24, 2026
$1,099,990
Original listing
Agent: Ana Loja
Office: Afonso Real Estate
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/24/2026 | 🏠 Listed for Sale | $1,099,990 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $11,789 | $929,000 |
Financial Details
Annual Property Tax
$11,789
Tax Year 2026
Assessed Value
$929,000
Facts & Features
Home Facts
Type
Residential Income
Style
5+ Family - 5+ Units Up/Down
Year Built
1902
Living Area
4,522 sq ft
Lot Size
0.51 acres
Stories
5
Bedrooms
10
Full Baths
6
Total Rooms
21
Investment Metrics
Units
5
Unit 1 Rent
$2,300/mo · N
Unit 2 Rent
$1,300/mo · N
Unit 3 Rent
$2,500/mo · N
Unit 4 Rent
$1,300/mo · N
Total Monthly Rent
$7,400/mo
Gross Income
$110,400
Net Operating Income
$96,450
Operating Expenses
$13,950
Water/Sewer Expense
$5,612
Electric Expense
$838
Cap Rate
8.77%
Interior
Heating
Natural Gas
Cooling
Window Unit(s)
Flooring
Wood
Appliances
Range, Refrigerator
Fireplace
None
Basement
Partial
Laundry
None
Features
Ceiling Fan(s), Living Room, Kitchen
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Paved Drive, Off Street, Paved
Total Spaces
12
Utilities
Electric
Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range
Financial
Annual Tax
$11,789
Assessed Value
$929,000
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Yes, Certified Treated
Seller Disclosures
Buyer And Buyers Agent To Perform All Due Diligence Regarding Future Development/adu Possibilities.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Worcester
Property Overview
Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
1902
Bedrooms
10
Full Bathrooms
6
Living Area
4,522 sq ft
Total Rooms
21
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
4,522 sq ft above grade
1,921 sq ft below grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood
Appliances:
Range, Refrigerator
Interior Features:
Ceiling Fan(s), Living Room, Kitchen
Windows:
Basement:
Partial
Laundry:
Security:
Construction & Materials
Year Built:
1902
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Stone, Irregular
Stories:
5
Heating, Cooling & Utilities
Heating:
Natural Gas
Cooling:
Window Unit(s)
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Level
Road Surface:
Paved
Parking & Garage
Total Parking Spaces:
12
Parking Features:
Paved Drive, Off Street, Paved
Nearby Schools
School District
Milford School District local
C+
School Safety
2024-25
3.8%
Above Average
3.2%
Suspensions
0.9%
In-School
0.6%
Emergency
1.7% below state avg
Elementary Schools
5 schools
Evergreen Center School
1.8 mi
Grades PK-12
Memorial School
0.5 mi
435 students
Diverse
Diverse Student Body
Grades K-02
Brookside School
0.9 mi
578 students
Diverse
Diverse Student Body
Grades K-02
Shining Star Early Childhood Center
1.1 mi
158 students
Diverse
Diverse Student Body
Grades PK
B
Woodland School
1.7 mi
|
#371 of 824
|
Score: 48.4
Improved 263 spots from last year
-9.8 below state avg
1,036 students
Diverse
Rising School
Grades 03-05
Middle Schools
1 school
C
Stacy Middle School
0.4 mi
|
#263 of 352
|
Score: 35.3
Improved 32 spots from last year
-22.9 below state avg
989 students
Diverse
Rising School
Grades 06-08
High Schools
2 schools
Riverside School
1.4 mi
Grades 06-12
B-
Milford High School
1.1 mi
|
#209 of 346
|
Score: 50.8
Improved 32 spots from last year
-7.4 below state avg
1,316 students
Diverse
17 sports
• 1,698 athletes
Early College Program
Rising School
College Ready Curriculum
Strong Athletics
Grades 09-12
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Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$982
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
South Milford
21 Franklin St., Milford MA 01757
Milford, MA 01757
Listing Information
Listing Agent
Ana Loja
Listing Office
Afonso Real Estate
Office Phone
508-478-7286
Agent MLS ID
CN252976
Office MLS ID
BB4015
Listing Data Updated
Aug 24, 2026 11:11 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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