Active
54 Days on market
5 Shepard Rd Franklin — Photo 1 of 40

5 Shepard Rd Franklin — Photo 1 of 40

Recent Drop: $18,000

$663,900
$645,900

$645,900

Investment Analysis — 5 Shepard Rd

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 3.68% cap rate and $23,746/yr in estimated NOI at the $645,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2

SqFt

1,600

Style

Single Family

Built

1963

Discover exceptional value in Franklin with this classic split-level home, ready for its next owner to move in and make it their own. The sun-filled main level features a comfortable living room that flows seamlessly into the dining area and efficiently designed kitchen, complete with a convenient trash compactor. Three generously sized bedrooms, each with hardwood floors and ceiling fans, along with a full bath, complete the upper level. Downstairs, you'll find a spacious family room with functional Murphy bed, anchored by a cozy fireplace and offering direct access to the attached garage. A second full bath and a versatile fourth bedroom featuring built-in bunk beds provide flexible space for guests, a home office, or extended family. Step outside to enjoy the open, level backyard with a deck, perfect for entertaining, relaxing, or outdoor activities. Conveniently located near everything Franklin has to offer, this home combines comfort, functionality, and outstanding value.

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: 800 sq ft (the lesser of 900 sq ft or half the 1,600 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

Original Price$663,900
Annual Taxes$7,171

Parking

Garage1
Off-Street3

Interior Specifications

Total Rooms8
Fireplaces1
FlooringTile, Concrete, Laminate, Hardwood
BasementFull, Finished, Walk-Out Access, Garage Access, Sump Pump

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningRR1

Property & Lot

Acres0.34
SqFt Lot15,002
Lot FeaturesCorner Lot

Amenities & Appliances

Gas Water Heater • Range • Dishwasher • Disposal • Trash Compactor • Refrigerator • Washer • Dryer • Range Hood • Plumbed For Ice Maker

Neighborhood

Shopping • Park • Walk/Jog Trails • Conservation Area • Public School

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomKitchenMaster BedroomBedroom 2Bedroom 3Bathroom 1
Basement
OfficeFamily RoomBedroom 4Bathroom 2
Living Room
Lvl First

14 x 13

Flooring - Hardwood, Window(s) - Picture, Open Floorplan

Dining Room
Lvl First

10 x 10

Flooring - Hardwood, Open Floorplan, Lighting - Pendant

Kitchen
Lvl First

12 x 10

Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Slider, Gas Stove, Lighting - Overhead

Office
Lvl Basement

9 x 11

Open Floor Plan, Lighting - Overhead, Flooring - Concrete

Family Room
Lvl Basement

22 x 11

Flooring - Laminate, Lighting - Overhead

Master Bedroom
Lvl First

14 x 10

Ceiling Fan(s), Closet, Flooring - Hardwood

Bedroom 2
Lvl First

10 x 13

Bedroom 3
Lvl First

10 x 10

Ceiling Fan(s), Closet, Flooring - Hardwood

Bedroom 4
Lvl Basement

12 x 11

Closet/Cabinets - Custom Built, Flooring - Laminate, Lighting - Overhead

Bathroom 1
Lvl First

7 x 7

Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Lighting - Overhead

Bathroom 2
Lvl Basement

9 x 5

Bathroom - 3/4, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile, Lighting - Overhead

Property History

Price Drop
$645,900

Was $663,900

Aug 7, 2026

MLS® 73552103

Listed
$663,900

Jul 20, 2026

MLS® 73552103

Listing Provided By

Listing Agent: Tara Adams

Listing Office: Keller Williams Elite

MLS® Number: 73552103