129 Forest St Franklin — Photo 1 of 26
$625,000
Investment Analysis — 129 Forest St
Franklin, MA 02038
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02038 carries an estimated $3,080/mo in gross rent — about a 3.50% cap rate and $21,899/yr in estimated NOI at the $625,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,224
Style
Single Family
Built
1980
Welcome to 129 Forest Street in Franklin! This well-loved raised ranch 3-bedroom, 2-bath home offers the perfect blend of comfort, space, and convenience, set on almost an acre of land. Thoughtfully maintained and filled with the warmth that comes from years of being truly cared for, this home is ready for its next chapter.Step outside and enjoy your own private backyard retreat. The spacious yard offers plenty of room to relax, entertain, garden, or simply enjoy the outdoors. Take a refreshing dip in the pool on warm summer days, then unwind poolside while taking in the peaceful surroundings. The fenced-in dog area is an added bonus for four-legged family members, providing a dedicated space to run and play.Located close to major highways, commuting is convenient, while nearby public schools, shopping, dining, and everyday amenities add to the home’s desirable location. New updates include: new attic insulation (2021), new double pane and double hung windows (2022), Central Air (2023), new stove (2025), new roof (2025), new vinyl siding (2026) and new refrigerator (2026).
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: 612 sq ft (the lesser of 900 sq ft or half the 1,224 sq ft principal dwelling). Lot size: 40,350 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
Gas Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Shopping • Park • Walk/Jog Trails • Golf • Bike Path • Conservation Area
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstFamily Room
Lvl FirstMaster Bedroom
Lvl FirstBedroom 2
Lvl FirstBedroom 3
Lvl BasementListing Agent: Tatiana Bonderman
Listing Office: DeWolfe Realty
MLS® Number: 73565100