3 Short Street Franklin — Photo 1 of 35
$639,000
Investment Analysis — 3 Short Street
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 3.29% cap rate and $21,013/yr in estimated NOI at the $639,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
2,088
Style
Single Family
Built
1973
Welcome to this charming Raised Ranch/Split Level home in Franklin, Ma, offering comfortable living space and plenty of flexibility. The main level features hardwood floors, an eat in kitchen with direct access to large deck, french doors lead into a welcoming living room with recessed lighting & bay window. 3 bedrooms and an updated full bath. The finished lower level with new carpets adds even more usable space with a spacious family room plus two additional rooms that could serve as home offices, a playroom, hobby space or potentially additional bedrooms (totaling 5) and a full bathroom, laundry and mudroom Outside you will enjoy the professionally landscaped grounds with newer paver walkway and stone walls, a fully fenced in yard and a large deck perfect for entertaining or relaxing. Other features include Solar panels to reduce electric costs, fresh paint throughout, a home generator, convenient carport, and a 12x20 workshop/storage shed providing excellent space for projects , hobbies and storage. Showings start at the open house on Saturday 9/12 & Sunday 9/13 from 11:00 - 1:00
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 2,088 sq ft principal dwelling). Lot size: 22,464 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.
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Property Details
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Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
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Public Transportation • Shopping • Highway Access
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Listing Agent: Peter Haswell
Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate
MLS® Number: 73575290