4 Southgate Rd Franklin — Photo 1 of 38
Recent Drop: $10,000
$515,000
Investment Analysis — 4 Southgate Rd
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 4.41% cap rate and $22,720/yr in estimated NOI at the $515,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,394
Style
Single Family
Built
1958
PRIOR NAMED EXCLUSION HAS BEEN REMOVED. COME TAKE A LOOK AT THIS SWEET "DIAMOND IN THE ROUGH" FRONT-TO-BACK SPLIT IN THE DESIRABLE SOUTHGATE NEIGHBORHOOD OF FRANKLIN! A SOLID HOME IN NEED OF LOVE WILL BRING IT BACK TO LIFE! THIS HOME IS LOCATED ON A FANTASTIC, LARGE LEVEL LOT WITH A GREAT BACKYARD. THE FLOOR PLAN HAS A MAIN LEVEL EAT-IN KITCHEN AND A VAULTED LIVING ROOM. WITH A FEW STEPS UP, YOU HEAD TO 3 BEDROOMS AND A FULL BATH. THEN FROM THE MAIN LEVEL, HEAD A FEW STEPS DOWN TO A GENEROUS FAMILY ROOM AND UTILITY ROOM/WORKSHOP THAT EXITS OUTSIDE. MOST WINDOWS ARE REPLACEMENT WINDOWS EXCEPT FOR THE BAY WINDOW. ROOF IS END OF LIFE, SIDING AND TRIM NEEDS WORK. GAS FURNACE IS 2013. LOWER LEVEL FAMILY ROOM IS ELECTRIC HEAT. HW TANK 2021. ALL KITCHEN APPLIANCES NEED REPLACEMENT. COOKTOP AND OVEN ARE SHUT OFF. TOWN WATER/SEWER AND NATURAL GAS. THIS IS AN ESTATE AND SELLING AS-IS.
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: 697 sq ft (the lesser of 900 sq ft or half the 1,394 sq ft principal dwelling). Lot size: 15,499 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.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Oven • Dishwasher • Range • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstWood / Coal / Pellet Stove, Vaulted Ceiling(s), Flooring - Hardwood
Kitchen
Lvl FirstCloset, Flooring - Stone/Ceramic Tile, Dining Area, Pantry, Exterior Access
Family Room
Lvl BasementFlooring - Wall to Wall Carpet, Cable Hookup
Master Bedroom
Lvl SecondCloset, Flooring - Hardwood
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Property History
$515,000
Was $525,000
Aug 12, 2026
MLS® 73558377
$525,000
Aug 3, 2026
MLS® 73558377
Listing Agent: Lorraine Kuney
Listing Office: REMAX Executive Realty
MLS® Number: 73558377