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
$622,300 Zestimate®
$288/sqft
$2,921 Estimated rent
Home value
$622,300
$579,000 - $672,000
$2,921/mo
Zestimate® history
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$3,731/mo
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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 & neighborhood
Community
- Community features: Public Transportation, Shopping, Park, T-Station
Location
- Region: Franklin
HOA & financial
Other financial information
- 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 schools
GreatSchools rating
- 8/10Oak Street Elementary SchoolGrades: K-5Distance: 0.5 mi
- 7/10Annie Sullivan Middle SchoolGrades: 6-8Distance: 1.7 mi
- 9/10Franklin High SchoolGrades: 9-12Distance: 0.7 mi
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Estimated market value
$622,300
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
$622,300
- Massachusetts
- Norfolk County
- Franklin
- 02038
- 186 School St
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