374 Union St | Image 1
374 Union St | Image 2
374 Union St | Image 3
374 Union St | Image 4
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374 Union St | Image 7

$1,500,000

Pending

5 months ago

MLS® 73435816

8 Bed

4 Bath

6276 sqft

10 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 6276 sqft
Garage No
Taxes $11,395
Lot Size 0.23 acres
Approx. Age 1900
Avg. Price Per Sqft $239
MLS® Number 73435816

Property Address: 374 Union St, Franklin, MA, 02038

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

Description

374-378 Union Street is a three-story mixed-use building that contains six (6) units comprised of four (4), 2-Bedroom/1-Bathroom units and two (2), Commercial units. The Property is situated on a 0.23-acre parcel of land and features ten (10) on-site parking spaces at the rear of the Property. There is a limited supply of multi-family units in Norfolk County with a high demand for rental units. The Property is separately metered for electricity, heat and hot water, which the tenants pay directly. The Landlord is responsible for common area electric and domestic water and sewer. The opportunity exists to increase income via programmatic updates to the unrenovated units, common areas, and exterior. Pizza Shop has a new five year lease with one (1), 5-year option. The Lease calls for 3% annual rent increases throughout. The Print Shop's rent is below market, offering upside. The opportunity exists to acquire a well-maintained property with significant upside in a desirable location.
MLS® Number73435816
Laundry Level
Central VacNo
FireplaceNo
Acreage0.23
Exterior
GarageNo
Approx. Age1900
Basement
DrivewayOff Street
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
-Sold Price

Pending

Sep 25, 2025List Date
$1,500,000List Price
  • Commute

Commute

Starting Address
Destination Address
374 Union St, Franklin, MA

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