Homes for sale - 338 Summer St, Franklin, MA 02038

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David Picardy

dave@liberty-rr.com +1(978) 479-2288

$ 2,000,000

Est. payment | -/mo

12 Beds

11 Baths

6,248 SqFt

Save

$ 2,000,000

Est. payment | -/mo

Save

12 Beds

11 Baths

6,248 SqFt

Key Details

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 6,248 sqft

Price per Sqft $320

MLS Listing ID 73405071

Bedrooms 12

Full Baths 11

Year Built 1860

Annual Tax Amount $14,535

Tax Year 2025

Lot Size 1.000 Acres

Acres 1.0

Property Sub-Type 5+ Family - 5+ Units Up/Down

Property Description

338 Summer Street consists of a three-story building, containing eleven (11) residential units comprised of two (2), 2-Bedroom/1 Bathroom units, seven (7), 1-Bedroom/1-Bathroom units, and two (2), Studio units with 6,248 square feet of living area in 10,722 total gross square feet. The Property is situated on a 1.00-acre parcel of land and features twenty (20) on-site parking spaces. The well-maintained property features upgrades to the common areas, including new carpet, paint, lighting and coin-operated washer and dryer machines. Additionally, seven (7) of the units have been renovated, including new kitchens, bathrooms, flooring, and paint. Current rents are below market rates and offer the opportunity to increase rents to market rates via lease renewals and programmatic updates to the unrenovated units. 338 Summer Street offers the opportunity to acquire a transit-oriented, well-maintained asset, that is poised for income growth.

Location

State MA

County Norfolk

Zoning SF3

Direction Please use GPS

Interior

Appliance Washer, Dryer

Exterior

Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Public School, T-Station, University

Roof Type Shingle

Total Parking Spaces 20

Garage No

Building

Lot Description Corner Lot

Story 3

Foundation Stone

Sewer Public Sewer

Water Private

Others

Senior Community false

Listed by Horvath & Tremblay

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David Picardy

REALTOR® | Lic# 9563226

dave@liberty-rr.com

+1(978) 479-2288

121 Liberty St., Danvers MA 01923

338 Summer St Franklin, MA 02038

David Picardy

Key Details

Location

Interior

Exterior

Building

Others

338 Summer St