***Owner Occupied and Prime Investment Opportunity in Franklin*** This two-unit property offers significant income potential and is ideally located for commuters. The first unit is a 1-bedroom, 1-bathroom rental currently generating $850/month. Section 8 approved, this unit has the potential to be adjusted to the current market rate of $1,600/month. It also includes a private washer/dryer in the basement, adding convenience for tenants. The second unit is a spacious 4-bedroom, 1-bathroom layout, complete with a first-floor laundry room. Walk down basement access for mechanicals, ensuring easy maintenance access. Please note - the 1st unit could be converted back to the original 2 bedroom making the 2nd unit a 3 bedroom if wanted/needed. Situated near Dean College, the commuter rail, playgrounds, dog parks, and major routes, this property is ideal for renters seeking a well-connected location with nearby amenities. Don’t miss out on this lucrative investment in a highly desirable area.
Sold for $540,000
$540,000
249 Union St, Franklin, MA 02038
5beds
1,507sqft
2 Family - 2 Units Side by Side
Built in 1900
-- sqft lot
$544,100 Zestimate®
$358/sqft
$2,646 Estimated rent
Home value
$544,100
$501,000 - $588,000
$2,646/mo
Zestimate® history
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$3,335/mo
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Est. payment
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Zillow last checked: 7 hours ago
Listing updated: April 15, 2025 at 03:46pm
Listed by:
Amber Cadorette 508-498-1188,
Keller Williams Elite 508-528-1000
Bought with:
Amber Cadorette
Keller Williams Elite
Source: MLS PIN,MLS#: 73315054
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Natural Gas
Cooling
- None
Appliances
- Included: Range, Refrigerator
- Laundry: Washer Hookup, Dryer Hookup
Features
- Ceiling Fan(s), Pantry, Living Room, Kitchen, Laundry Room, Mudroom, Office/Den
- Basement: Full,Walk-Out Access
- Has fireplace: No
Interior area
- Total structure area: 1,507
- Total interior livable area: 1,507 sqft
- Finished area above ground: 1,507
Property
Parking
- Total spaces: 4
- Parking features: Off Street, Unpaved
- Uncovered spaces: 4
Lot
- Size: 5,898 sqft
- Features: Corner Lot, Cleared, Level
Details
- Parcel number: 90108
- Zoning: RES
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 Family - 2 Units Side by Side
Materials
- Frame
- Foundation: 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, Park, Walk/Jog Trails, Highway Access, House of Worship, Public School, T-Station, University
Location
- Region: Franklin
HOA & financial
Other financial information
- Total actual rent: 850
Price history
| Date | Event | Price |
|---|---|---|
| 8/29/2025 | Listing removed | $2,795$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/15/2025 | Price change | $2,795-3.5%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/5/2025 | Price change | $2,895-1.9%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/29/2025 | Price change | $2,950-1.5%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/21/2025 | Listed for rent | $2,995$2/sqft |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,227 +4.3% | $449,800 +5.9% |
| 2024 | $5,010 -3.1% | $424,900 +3.4% |
| 2023 | $5,170 +18.1% | $411,000 +31.9% |
Find assessor info on the county website
Neighborhood: 02038
Nearby schools
GreatSchools rating
- 7/10Annie Sullivan Middle SchoolGrades: 6-8Distance: 2 mi
- 9/10Franklin High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Elementary: Keller
- Middle: Sullivan
- High: Fhs/Tricounty
Source: MLS PIN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$544,100
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
$544,100
- Massachusetts
- Norfolk County
- Franklin
- 02038
- 249 Union St