
107 Mill St Franklin — Photo 1 of 26
$899,900
Investment Analysis — 107 Mill St
Franklin, MA 02038
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02038 carries an estimated $3,390/mo in gross rent — about a 2.32% cap rate and $20,847/yr in estimated NOI at the $899,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2.5
SqFt
3,172
Style
Single Family
Built
1997
Welcome to this beautifully maintained Colonial, privately set on 1.25 acres abutting conservation land in desirable Franklin. Offering over 3,000 square feet of custom living space, this 4-bedroom, 2.5-bath offering a versatile floor plan designed for today’s lifestyle. The updated eat-in kitchen features granite countertops, upgraded cherry cabinets, an oversized center island, large pantry, recessed lighting, double wall oven, countertop range, and a comfortable dining area looking of the expanded patio and large yard. The open layout flows into the sunken family room, with a wood-burning stove creating a warm gathering space and great place to watch the game. Hardwood floors enhance the main living areas, including the formal dining room, living room, home office, and the posibilty for a convenient first-floor bedroom—ideal for guests, multigenerational living, or added flexibility. A tiled half bath with pedestal sink completes the main level. Upstairs, the spacious primary suite is joined by two additional bedrooms, two full baths with double vanities, and a separate exercise or bonus room that can adapt to your needs. The outdoor setting is a true highlight. Relax or entertain beside the in-ground pool and patio while enjoying scenic views, mature woods, and the privacy of conservation land beyond. The lot offers a peaceful retreat while remaining close to everything Franklin has to offer. The attached side entry two-car garage with room for a workshop is an added bonus. A recently installed new septic system and a rough-in for central air are jsut some the the amazzign features offered for the next buyer. Enjoy convenient access to shopping, parks, walking and jogging trails, bike paths, golf, schools, public transportation, the commuter rail, and major highways. This special property delivers space, privacy, flexibility, and an outstanding Franklin location.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 3,172 sq ft principal dwelling). Lot size: 54,450 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Oven • Dishwasher • Range • Refrigerator • Plumbed For Ice Maker
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Bike Path
Geography
Floorplan Breakdown
Structural Layout
Dining Room
Lvl FirstFlooring - Hardwood
Kitchen
Lvl Main,FirstFlooring - Hardwood, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Kitchen Island, Cabinets - Upgraded, Exterior Access, Open Floorplan, Recessed Lighting, Slider, Lighting - Overhead
Office
Lvl FirstFlooring - Hardwood
Family Room
Lvl FirstWood / Coal / Pellet Stove, Flooring - Wall to Wall Carpet, Slider, Sunken
Master Bedroom
Lvl SecondBedroom 2
Lvl SecondBedroom 3
Lvl SecondBedroom 4
Lvl FirstFlooring - Hardwood
Bathroom 1
Lvl Main,FirstBathroom - Half, Flooring - Stone/Ceramic Tile, Pedestal Sink
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - With Tub & Shower
Bathroom 3
Lvl SecondBathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - With Shower Stall, Bathroom - With Tub, Closet - Linen, Flooring - Stone/Ceramic Tile
Property History
$899,900
Aug 7, 2026
MLS® 73560802
$995,000
Jul 31, 2026
MLS® 73502774
$995,000
Apr 16, 2026
MLS® 73502774
Listing Agent: Matthew Kelly
Listing Office: LAER Realty Partners
MLS® Number: 73560802