44 Winter St, Franklin MA 02038
Franklin, MA 02038
$899,000
$872,900
Est. $5,245/month
About this home
A rare investment opportunity in desirable Franklin! This well-maintained 3-family offers flexibility for investors and owner-occupants alike. Live in one unit while generating income from the others, or maximize cash flow by leasing all three units. The first and second floor units each feature 3 bedrooms and 1 full bath, while the third floor offers a studio-style layout. Unit 1 is vacant and ready for immediate occupancy; Unit 2 is leased at $2,000/month; Unit 3 is leased at $900/month (TAW). Additional highlights include hardwood floors, off-street parking, low-maintenance vinyl siding, newer roof, and updated mechanicals including oil tanks, boiler, and hot water heater. A turn-key opportunity with strong income potential.
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
2.9%
Price Range
Property Timeline
Showing Instructions Updated
Jul 22, 2026
New showing requirements
Price Reduced
Jun 18, 2026
$872,900
$26,100
(-2.9%)
From $899,000 to $872,900 (-2.9%)
Listed for Sale
Jun 3, 2026
$899,000
Original listing
Agent: Danielle McCarthy
Office: Berkshire Hathaway HomeServices Commonwealth Real Estate
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/22/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 06/18/2026 | ↓ Price Reduced | $872,900 | $26,100 | - | From $899,000 to $872,900 (-2.9%) |
| 06/03/2026 | 🏠 Listed for Sale | $899,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $7,569 | $651,400 |
Financial Details
Annual Property Tax
$7,569
Tax Year 2025
Assessed Value
$651,400
Facts & Features
Home Facts
Type
Residential Income
Style
3 Family - 3 Units Up/Down
Year Built
1900
Living Area
2,337 sq ft
Lot Size
0.22 acres
Bedrooms
6
Full Baths
3
Total Rooms
12
Investment Metrics
Units
3
Unit 1 Rent
— · N
Unit 2 Rent
$2,000/mo · Y
Unit 3 Rent
$900/mo · Y
Total Monthly Rent
$2,900/mo
Gross Income
$34,800
Net Operating Income
$34,800
Cap Rate
3.99%
Interior
Heating
Baseboard, Oil, Electric
Cooling
None, Wall Unit(s)
Flooring
Wood, Laminate
Appliances
Range, Refrigerator
Fireplace
None
Basement
Full, Unfinished
Laundry
Washer Hookup, Dryer Hookup, Electric Dryer Hookup
Features
Living Room, Kitchen, Office/den
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
Covered
Parking
Features
Shared Driveway, Off Street, Assigned
Total Spaces
6
Utilities
Electric
Individually Metered
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Electric Range, For Electric Dryer, Washer Hookup
Financial
Annual Tax
$7,569
Assessed Value
$651,400
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Seller Disclosures
Buyers To Perform All Due Diligence; There Is No Common Electrical; Units 1 And 2 Have Leased Propane Tanks For Gas Ranges; Some Photos Have Been Virtually Staged.
Exclusions
Personal Property Including Tenants Washer And Dryer
Additional Details
Possession
None
Accepted Financing
Contract
Structure Type
[]
House Color
beige
Sq Ft Source
Public Record
Documents
None
County
Norfolk
Total market time (incl. prior listings)
49 days
Property Overview
Property Type
3 Family - 3 Units Up/Down
Listing Type
For Sale
Year Built
1900
Bedrooms
6
Full Bathrooms
3
Living Area
2,337 sq ft
Total Rooms
12
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
0 sq ft above grade
Display Options
Outdoor Areas
Patio & porchCovered
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood, Laminate
Appliances:
Range, Refrigerator
Interior Features:
Living Room, Kitchen, Office/Den
Windows:
Basement:
Full, Unfinished
Laundry:
Washer Hookup, Dryer Hookup, Electric Dryer Hookup
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Stone
Stories:
3
Heating, Cooling & Utilities
Heating:
Baseboard, Oil, Electric
Cooling:
None, Wall Unit(s)
Hot Water:
Oil, Electric, Varies Per Unit, Other (See Remarks)
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Covered
Fencing:
Other Structures:
Lot Features:
Gentle Sloping, Level
Road Surface:
Parking & Garage
Total Parking Spaces:
6
Parking Features:
Shared Driveway, Off Street, Assigned
Nearby Schools
School District
Franklin School District local
A
Where Graduates Go
Class of 2021
84%
attend college
79%
4-Year
5%
2-Year
45%
Out of State
4%
Working
School Safety
2024-25
0.7%
Low
0.7%
Suspensions
1.7%
In-School
4.8% below state avg
Elementary Schools
7 schools
Amego School
1.2 mi
Grades PK-12
A
Benjamin Franklin Classical Charter Public School
1.9 mi
|
#64 of 352
|
Score: 54.5
Improved 16 spots from last year
-3.7 below state avg
898 students
Diverse
Grades K-08
Franklin Early Childhood Development Center
1.0 mi
142 students
Diverse
Diverse Student Body
Grades PK
Lincoln Street K-2 Elementary School
2.0 mi
Grades K-02
Lincoln Street 3-5 Elementary School
2.0 mi
Grades 03-05
Washington Street K-2 Elementary School
2.2 mi
Grades K-02
Washington Street 3-5 Elementary School
2.2 mi
Grades 03-05
Middle Schools
1 school
Franklin Middle School
1.0 mi
Grades 06-08
High Schools
2 schools
A
Franklin High School
1.2 mi
|
#57 of 346
|
Score: 66.1
Improved 35 spots from last year
+7.9 above state avg
1,453 students
Moderate
18 sports
• 2,232 athletes
Strong AP Program
High Graduation Rate
Rising School
College Ready Curriculum
Grades 09-12
A-
Tri-County Regional Vocational Technical
1.7 mi
|
#92 of 346
|
Score: 60.8
Improved 46 spots from last year
+2.6 above state avg
1,000 students
Moderate
High Graduation Rate
Rising School
Career Tech Programs
College Ready Curriculum
Grades 09-12
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Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$631
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
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Current Rate
$0/mo
+0.5% Rate
$0/mo
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
44 Winter St, Franklin MA 02038
Franklin, MA 02038
Listing Information
Listing Agent
Danielle McCarthy
Listing Office
Berkshire Hathaway HomeServices Commonwealth Real Estate
Office Phone
508-528-7777
Agent MLS ID
CN221980
Office MLS ID
AN4875
Listing Data Updated
Jul 22, 2026 8:35 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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