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.
Sold for $649,900
$649,900
243 Union St, Franklin, MA 02038
4beds
2,000sqft
2 Family - 2 Units Up/Down
Built in 1900
-- sqft lot
$653,000 Zestimate®
$325/sqft
$2,600 Estimated rent
Home value
$653,000
$607,000 - $699,000
$2,600/mo
Zestimate® history
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$2,600/mo
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$4,004/mo
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Est. payment
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Zillow last checked: 7 hours ago
Listing updated: September 20, 2025 at 09:59am
Listed by:
Elizabeth G. Schultz 508-269-6641,
Berkshire Hathaway HomeServices Evolution Properties 508-384-3435
Bought with:
Audra Stevens
Escalate Real Estate
Source: MLS PIN,MLS#: 73396651
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas, Electric
Appliances
- Included: Range, Refrigerator
Features
- Living Room, Dining Room, Kitchen
- Flooring: Vinyl, Carpet, Hardwood
- Windows: Skylight(s)
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 2,000
- Total interior livable area: 2,000 sqft
- Finished area above ground: 2,000
- Finished area below ground: 0
Property
Parking
- Total spaces: 8
- Parking features: Off Street, Common, Stone/Gravel
- Uncovered spaces: 8
Features
- Patio & porch: Porch
Lot
- Size: 5,600 sqft
- Features: Other
Details
- Foundation area: 0
- Parcel number: 90109
- Zoning: r
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 Family - 2 Units Up/Down
Materials
- Frame
- Foundation: Concrete Perimeter, Stone
- Roof: Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Highway Access, House of Worship, Private School, Public School, T-Station, University, Sidewalks
Location
- Region: Franklin
HOA & financial
Other financial information
- Total actual rent: 3400
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/19/2025 | Sold | $649,900$325/sqft |
Source: MLS PIN #73396651 Report a problem | ||
| 7/19/2025 | Pending sale | $649,900$325/sqft |
Source: BHHS broker feed #73396651 Report a problem | ||
| 7/14/2025 | Contingent | $649,900$325/sqft |
Source: MLS PIN #73396651 Report a problem | ||
| 6/25/2025 | Listed for sale | $649,900+68.8%$325/sqft |
Source: MLS PIN #73396651 Report a problem | ||
| 8/31/2018 | Sold | $385,000-3.7%$193/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,626 +5.8% | $570,200 +7.3% |
| 2024 | $6,264 +0.1% | $531,300 +6.8% |
| 2023 | $6,260 +18.4% | $497,600 +32.2% |
Find assessor info on the county website
Neighborhood: 02038
Nearby schools
GreatSchools rating
- 8/10Oak Street Elementary SchoolGrades: K-5Distance: 0.8 mi
- 7/10Annie Sullivan Middle SchoolGrades: 6-8Distance: 2 mi
- 9/10Franklin High SchoolGrades: 9-12Distance: 0.9 mi
Get a cash offer in 3 minutes
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Estimated market value
$653,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$653,000
- Massachusetts
- Norfolk County
- Franklin
- 02038
- 243 Union St