186 School St Franklin MA 02038 MLS #73428609

186 School St
Franklin, MA, 02038
$599,900
4 Beds
2 Baths
2,081 SqFt
0.38 Acres
$599,900
186 School St
Franklin, MA, 02038
Prime 2-Family Investment – Updated, Income-Ready, and Walk-to-Everything. A rare opportunity for investors: this well-maintained 2-family home combines generous living spaces, desirable amenities, and recent updates for strong rental appeal and minimal upkeep. Both apartments feature spacious 2-bedroom layouts with walk-in closets and updated baths, making them easy to rent and retain quality tenants. The first-floor unit offers added value with a white eat-in kitchen, in-unit laundry, and a flexible bonus room/office. Each unit includes a spacious sun deck, while tenants also enjoy access to a private yard and off-street parking—all highly attractive features in today’s rental market. Major improvements are already done: updated electric services, recent gas boilers, and a new roof (2017). An unfinished walk-out basement provides convenient storage & easy utility access. The unbeatable walk-to-town, parks, & commuter rail location ensures strong rental demand & long term appreciation

Property Details

Price:
$599,900
MLS #:
73428609
Status:
Active
Beds:
4
Baths:
2
Address:
186 School St
Type:
Multi Family
City:
Franklin
Listed Date:
Sep 10, 2025
State:
MA
Finished Sq Ft:
2,081
Total Sq Ft:
2,081
ZIP:
02038
Lot Size:
16,601 sqft / 0.38 acres (approx)
Year Built:
1880
Units:
2

Schools

Interior

Appliances
Range, Dishwasher, Refrigerator, Dryer
Bathrooms
2 Full Bathrooms
Cooling
None
Flooring
Wood, Carpet
Heating
Steam, Natural Gas
Laundry Features
Washer & Dryer Hookup, Electric Dryer Hookup, Washer Hookup

Exterior

Community Features
Public Transportation, Shopping, Park, T- Station
Construction Materials
Frame
Parking Features
Paved Drive, Off Street, Paved
Parking Spots
5
Roof
Shingle

Financial

Net Operating Income
$41,880
Tax Year
2025
Taxes
$6,632
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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186 School St
Franklin, MA