Prime 2-Family Investment – Updated, Income-Ready, and Walk-to-Everything. A rare opportunity for investors: this well-maintained 2-family home combines generous living spaces, desirable amenities, and recent updates for strong rental appeal and minimal upkeep. Both apartments feature spacious 2-bedroom layouts with walk-in closets and updated baths, making them easy to rent and retain quality tenants. The first-floor unit offers added value with a white eat-in kitchen, in-unit laundry, and a flexible bonus room/office. Each unit includes a spacious sun deck, while tenants also enjoy access to a private yard and off-street parking—all highly attractive features in today’s rental market. Major improvements are already done: updated electric services, recent gas boilers, and a new roof (2017). An unfinished walk-out basement provides convenient storage & easy utility access. The unbeatable walk-to-town, parks, & commuter rail location. Offer Accepted on Sat. OPEN HOUSE CANCELLED.
Sold for $600,000
$600,000
186 School St, Franklin, MA 02038
4beds
2,081sqft
Multi Family
Built in 1880
-- sqft lot
$624,200 Zestimate®
$288/sqft
$2,666 Estimated rent
Home value
$624,200
$581,000 - $674,000
$2,666/mo
Zestimate® history
Owner options
List your home for rent
$2,666/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,666/mo
Rent Zestimate®
Refinance and save
$3,738/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$3,738/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
In-unit laundryWhite eat-in kitchenPrivate yardSpacious sun deckOff-street parking
Zillow last checked:
Listing updated:
Listed by:
Team Gratitude 508-359-2331,
Berkshire Hathaway HomeServices Page Realty 508-533-5122
Bought with:
Evan Fisch
Boston's Preferred Properties, Inc.
Source: MLS PIN,MLS#: 73428609
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Steam, Natural Gas
Cooling
- None
Appliances
- Included: Range, Dishwasher, Refrigerator, Dryer
- Laundry: Washer & Dryer Hookup, Electric Dryer Hookup, Washer Hookup
Features
- Ceiling Fan(s), Remodeled, Living Room, Kitchen, Office/Den
- Flooring: Wood, Carpet
- Windows: Insulated Windows
- Basement: Full,Walk-Out Access,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 2,081
- Total interior livable area: 2,081 sqft
- Finished area above ground: 2,081
Property
Parking
- Total spaces: 5
- Parking features: Paved Drive, Off Street, Paved
- Uncovered spaces: 5
Features
- Patio & porch: Deck
Lot
- Size: 0.38 Acres
- Features: Wooded, Level
Details
- Parcel number: M:278 L:158,91136
- Zoning: Res
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame
- Foundation: Stone
- Roof: Shingle
Condition
- Year built: 1880
Utilities & green energy
- Electric: Circuit Breakers, Individually Metered
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range, for Electric Dryer, Washer Hookup
Community & HOA
Community
- Features: Public Transportation, Shopping, Park, T-Station
Location
- Region: Franklin
Financial & listing details
- Price per square foot: $288/sqft
- Tax assessed value: $553,200
- Annual tax amount: $6,632
- Date on market: 1/14/2026
- Total actual rent: 3490
Price history
| Date | Event | Price |
|---|---|---|
| 11/3/2025 | Sold | $600,000+0%$288/sqft |
Source: MLS PIN #73428609 Report a problem | ||
| 9/24/2025 | Pending sale | $599,900$288/sqft |
Source: BHHS broker feed #73428609 Report a problem | ||
| 9/17/2025 | Contingent | $599,900$288/sqft |
Source: MLS PIN #73428609 Report a problem | ||
| 9/10/2025 | Listed for sale | $599,900$288/sqft |
Source: MLS PIN #73428609 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,428 +3% | $553,200 +4.5% |
| 2024 | $6,240 +4.8% | $529,300 +11.8% |
| 2023 | $5,957 +19% | $473,500 +32.9% |
| 2022 | $5,007 -7.1% | $356,400 -3.2% |
| 2021 | $5,391 +9.7% | $368,000 +8.7% |
| 2020 | $4,915 +4.3% | $338,700 +5.3% |
| 2019 | $4,713 +10.4% | $321,500 +10.4% |
| 2018 | $4,268 +2.2% | $291,300 +1.7% |
| 2017 | $4,176 +4.8% | $286,400 +4.2% |
| 2016 | $3,986 -5.4% | $274,900 -3.1% |
| 2015 | $4,212 +12.1% | $283,800 +9.2% |
| 2014 | $3,756 +10.6% | $259,900 +9.8% |
| 2013 | $3,396 -10.1% | $236,800 -13.9% |
| 2012 | $3,777 +20.4% | $275,100 +13.5% |
| 2011 | $3,138 -14.6% | $242,300 -20.6% |
| 2010 | $3,673 +6.5% | $305,300 -1.1% |
| 2009 | $3,449 -3.1% | $308,800 -11.2% |
| 2008 | $3,558 +2.1% | $347,800 -11.6% |
| 2007 | $3,485 +9.7% | $393,300 +11.7% |
| 2006 | $3,177 +10.4% | $352,200 +12.2% |
| 2005 | $2,878 -0.7% | $313,900 +19.6% |
| 2004 | $2,898 +1.5% | $262,500 +1.8% |
| 2003 | $2,854 +26.9% | $257,800 +47% |
| 2001 | $2,249 +17.1% | $175,400 +29.8% |
| 1997 | $1,920 | $135,100 |
Find assessor info on the county website
Neighborhood: 02038
Nearby homes
- $520,0003 bd1 ba1.3k sqft192 School St, Franklin, MA 02038Sold
- $650,4004 bd2 ba2.4k sqft184 School St, Franklin, MA 02038Off Market
- $--2 bd1 ba1.3k sqft186 School St #1, Franklin, MA 02038Off Market
- $--2 bd1 ba1.1k sqft186 School St #2, Franklin, MA 02038Off Market
- $563,0003 bd1 ba1.5k sqft196 School St, Franklin, MA 02038Off Market
- $525,8003 bd1 ba1.5k sqft187 School St, Franklin, MA 02038Off Market
- $531,0003 bd2 ba1.2k sqft176 School St, Franklin, MA 02038Off Market
- $477,9002 bd1 ba768 sqft183 School St, Franklin, MA 02038Off Market
Nearby schools
GreatSchools rating
- 8/10Oak Street Elementary SchoolGrades: K-5Distance: 0.5 mi
- 8/10Annie Sullivan Middle SchoolGrades: 6-8Distance: 1.7 mi
- 9/10Franklin High SchoolGrades: 9-12Distance: 0.7 mi
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
$624,200
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
$624,200
- Massachusetts
- Norfolk County
- Franklin
- 02038
- 186 School St
Nearby cities
Nearby zip codes
Other Franklin Topics
