15 Mccarthy Street Franklin — Photo 1 of 21
Recent Drop: $25,000
$650,000
Investment Analysis — 15 Mccarthy Street
Franklin, MA 02038
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 02038 carries an estimated $5,640/mo in gross rent — about a 7.03% cap rate and $45,685/yr in estimated NOI at the $650,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
2
SqFt
1,729
Style
Multi Family
Built
1900
Opportunity knocks at this well-located two-family offering a fantastic opportunity for investors or owner-occupants looking to build equity while enjoying the benefits of rental income. Offering 5 bedrooms total, spacious living areas and flexible floor plans, this property provides plenty of possibilities for today’s buyer. Each unit offers its own living space, kitchen and full bath, with separate utilities adding convenience for both owners and tenants. A detached one-car garage and shed provide additional storage, parking or potential rental value. Located just outside of the downtown area of Franklin, you’ll enjoy easy access to shopping, restaurants, major routes and the commuter rail to Boston. Town water and town sewer complete the package. Whether you’re looking to add to your investment portfolio, purchase your first multi-family, or live in one unit while generating income from the other, this home is an opportunity you won’t want to miss! Town water, sewer, oil and gas for utilities. Both units to be delivered vacant.
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 MLS and other third-party data may be inaccurate or out of date.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
Range • Refrigerator
Neighborhood
Public Transportation • Shopping • Highway Access • Public School • T-Station
Geography
Property History
$650,000
Was $675,000
Aug 25, 2026
MLS® 73562544
$675,000
Aug 12, 2026
MLS® 73562544
Listing Agent: Cheryl A. Luccini
Listing Office: REMAX Executive Realty
MLS® Number: 73562544