3 Parliament Dr Franklin — Photo 1 of 28
$600,000
Investment Analysis — 3 Parliament Dr
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 4.14% cap rate and $24,870/yr in estimated NOI at the $600,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
1,736
Style
Single Family
Built
1961
Excellent 4 BR 2 BA ranch in sought after Franklin neighborhood in Kennedy School District. Enjoy single level living and a spacious back yard.Central Air... A lovely kitchen with stainless steel appliances, an abundance of cabinetry and dining area. Curl up in the living room with fireplace on wintry nights. Spacious main bedroom with walk-in closet and full bath. Three additional good size bedrooms and another full bath round out the living area. Great commuter location close to 495 and Franklin Village for shopping / dining. Schedule your showing today!
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: 868 sq ft (the lesser of 900 sq ft or half the 1,736 sq ft principal dwelling). Lot size: 15,002 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 MLS and other third-party data may be inaccurate or out of date.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
Range • Dishwasher • Refrigerator
Neighborhood
Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Stable(s) • Golf
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood, Window(s) - Picture, Lighting - Overhead
Kitchen
Lvl FirstDining Area, Exterior Access, Stainless Steel Appliances, Lighting - Overhead
Family Room
Lvl FirstCeiling Fan(s), Exterior Access, Slider, Lighting - Overhead
Primary Bedroom
Lvl FirstBathroom - Full, Closet, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl FirstBedroom 3
Lvl FirstCloset, Flooring - Wall to Wall Carpet
Bedroom 4
Lvl FirstCloset, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - With Shower Stall
Bathroom 2
Lvl FirstBathroom - Full, Bathroom - With Tub & Shower
Property History
$600,000
Was $599,900
Aug 6, 2026
MLS® 73556744
$599,900
Jul 29, 2026
MLS® 73556744
Listing Agent: Robert O'Donnell
Listing Office: Real Broker MA, LLC
MLS® Number: 73556744