266 Pleasant Street
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
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| May 2, 2026 | No longer available | - | |
| No longer available | |||
| Feb 17, 2026 | No longer available | - | |
| No longer available | |||
| Jul 23, 2025 | Listed by Lamacchia Realty, Inc. | $609,900 | |
| Listed by Lamacchia Realty, Inc. | |||
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Welcome home to Franklin, MA! This nearly 3-acre wooded parcel, set in desirable RES III zoning, offers an ideal canvas for your next residential project. With the potential to subdivide, this land presents one of the most exciting investment plays in the area. The existing 2-bedroom, 1.5-bath Cape, equipped with town water and private septic, can be torn down and replaced with custom new builds or a private estate. Surrounded by scenic nature and located just minutes from Franklin’s top-rated schools, vibrant downtown, shopping, and major commuter routes, the location simply can’t be beat. Whether you’re a builder, investor, or future homeowner, this is a rare and valuable chance to secure prime land in one of Massachusetts’ most sought-after towns. Property sold AS-IS/WHERE-IS. Buyer to conduct all due diligence. Don’t miss this incredible opportunity!
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| Jul 21, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Jun 20, 2025 | Listed | $599,987 | |
| Listed | |||
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Franklin's next development play! Nearly 3 wooded acres (~129k sf) in Res III zone with generous frontage & gentle topography. Concept sketches show potential for 4+ single-family ANR lots—buyer to verify with town. Existing 2-bed Cape (1945, 1,090 sf) already tied to city water, gas & electric; private septic. Renovate, add an ADU, or start fresh. Minutes to I-495, MBTA rail, Dean College & retail. Property sold strictly AS-IS; Title V, permitting, density & all uses are buyer's responsibility. Cash or rehab financing preferred—bring your architect, engineer & vision to unlock this rare opportunity!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017