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$2,000,000

Sold

8 months ago

MLS® 73405071

12 Bed

11 Bath

6248 sqft

20 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 6248 sqft
Garage No
Taxes $14,535
Lot Size 1 acre
Approx. Age 1860
Avg. Price Per Sqft $320
MLS® Number 73405071

Property Address: 338 Summer St, Franklin, MA, 02038-1434

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number73405071
Laundry Level
Central VacNo
FireplaceNo
Acreage1
Exterior
GarageNo
Approx. Age1860
Basement
DrivewayPaved Drive, Off Street
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

Aug 27, 2025End Date
$2,020,000Sold Price

Sold

Jul 16, 2025List Date
$2,000,000List Price
  • Commute

Commute

Starting Address
Destination Address
338 Summer St, Franklin, MA

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