97 E Central St, Franklin MA 02038
Franklin, MA 02038
$849,900
Est. $5,261/month
About this home
Opportunity awaits in the heart of Franklin! Ideally located just minutes from downtown shops, restaurants, commuter rail access, major highways, and everyday conveniences, this four-family property offers exceptional potential for investors and owner-occupants alike. The building features four units: a spacious 2-bedroom, 2-bath unit with its own laundry, high ceilings, crown molding, hardwood floors, and timeless character; a first-floor 1-bedroom, 1-bath unit with access to a private deck; a second-floor 2-bedroom, 1-bath unit; and an upper-level 1-bedroom, 1-bath unit with access to a private deck. Ample off-street parking adds to the appeal. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the others, this centrally located property offers flexibility and opportunity in a highly convenient location. 3 of the 4 units are currently occupied with T.A.W tenants. Please attempt to limit first showings to Open Houses; Thursday August 6 from 3-6pm and Saturday, August 8 from 11-1.
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Property History
Property Timeline
Listed for Sale
Aug 3, 2026
$849,900
Original listing
Agent: Lisa Bailey
Office: Berkshire Hathaway HomeServices Evolution Properties
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/03/2026 | 🏠 Listed for Sale | $849,900 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $9,158 | $801,900 |
Financial Details
Annual Property Tax
$9,158
Tax Year 2026
Assessed Value
$801,900
Facts & Features
Home Facts
Type
Residential Income
Style
4 Family
Year Built
1880
Living Area
3,263 sq ft
Lot Size
0.37 acres
Bedrooms
6
Full Baths
4
Total Rooms
17
Investment Metrics
Units
4
Unit 1 Rent
$1,900/mo · Y
Unit 2 Rent
$1,300/mo · N
Unit 3 Rent
$1,800/mo
Unit 4 Rent
$1,400/mo · Y
Total Monthly Rent
$6,400/mo
Gross Income
$76,800
Net Operating Income
$76,800
Cap Rate
9.04%
Interior
Heating
Natural Gas, Electric
Cooling
None
Flooring
Hardwood, Carpet
Appliances
Range, Microwave, Refrigerator
Fireplace
None
Basement
Unfinished
Laundry
Washer & Dryer Hookup
Features
Crown Molding, Bathroom With Tub & Shower, Living Room, Kitchen, Laundry Room, Living Rm/dining Rm Combo
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
Balcony/deck
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch, Deck - Wood
Parking
Features
Paved Drive, Off Street, Common
Total Spaces
6
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$9,158
Assessed Value
$801,900
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
Contract
Structure Type
[]
House Color
grey
Sq Ft Source
Public Record
Sq Ft Disclosures
Buyer/Buyers Agent to verify
Documents
None
County
Norfolk
Property Overview
Property Type
4 Family
Listing Type
For Sale
Year Built
1880
Bedrooms
6
Full Bathrooms
4
Living Area
3,263 sq ft
Total Rooms
17
Stories
4
Levels
4
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,263 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch, Deck - Wood
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:
Hardwood, Carpet
Appliances:
Range, Microwave, Refrigerator
Interior Features:
Crown Molding, Bathroom With Tub & Shower, Living Room, Kitchen, Laundry Room, Living RM/Dining RM Combo
Windows:
Basement:
Unfinished
Laundry:
Washer & Dryer Hookup
Security:
Construction & Materials
Year Built:
1880
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Stone
Stories:
4
Heating, Cooling & Utilities
Heating:
Natural Gas, Electric
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Balcony/Deck
Patio & Porch:
Porch, Deck - Wood
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Total Parking Spaces:
6
Parking Features:
Paved Drive, Off Street, Common
Nearby Schools
School District
Franklin School District local
A
Where Graduates Go
Class of 2021
84%
attend college
79%
4-Year
5%
2-Year
45%
Out of State
4%
Working
School Safety
2024-25
0.7%
Low
0.7%
Suspensions
1.7%
In-School
4.8% below state avg
Elementary Schools
7 schools
Amego School
1.4 mi
Grades PK-12
A
Benjamin Franklin Classical Charter Public School
2.2 mi
|
#64 of 352
|
Score: 54.5
Improved 16 spots from last year
-3.7 below state avg
898 students
Diverse
Grades K-08
Franklin Early Childhood Development Center
1.0 mi
142 students
Diverse
Diverse Student Body
Grades PK
Lincoln Street K-2 Elementary School
1.9 mi
Grades K-02
Lincoln Street 3-5 Elementary School
1.9 mi
Grades 03-05
Washington Street K-2 Elementary School
2.4 mi
Grades K-02
Washington Street 3-5 Elementary School
2.4 mi
Grades 03-05
Middle Schools
1 school
Franklin Middle School
1.0 mi
Grades 06-08
High Schools
2 schools
A
Franklin High School
1.2 mi
|
#57 of 346
|
Score: 66.1
Improved 35 spots from last year
+7.9 above state avg
1,453 students
Moderate
18 sports
• 2,232 athletes
Strong AP Program
High Graduation Rate
Rising School
College Ready Curriculum
Grades 09-12
A-
Tri-County Regional Vocational Technical
1.7 mi
|
#92 of 346
|
Score: 60.8
Improved 46 spots from last year
+2.6 above state avg
1,000 students
Moderate
High Graduation Rate
Rising School
Career Tech Programs
College Ready Curriculum
Grades 09-12
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Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
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Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$763
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
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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
97 E Central St, Franklin MA 02038
Franklin, MA 02038
Listing Information
Listing Agent
Lisa Bailey
Listing Office
Berkshire Hathaway HomeServices Evolution Properties
Office Phone
508-384-3435
Agent MLS ID
CN233323
Office MLS ID
AN5657
Listing Data Updated
Aug 3, 2026 3:05 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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