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Worcester 01516
3 Franklin St
$305,000
● Multifamily - Off Market

3 Franklin St

Douglas, MA 01516
bedrooms
6 Beds
bathrooms
2 Baths
square feet
3,472 Ft²
$433,719
RealtyHop Estimate
51.97%
Since Feb 1, 2019
National-US
Primary Model

About This Property

1700+ sq ft in each unit. 3 bedrooms each unit. 2 car under with woodworking shop and more open basement. First floor has been updated interior. Family owned for 3 generations, well maintained. Rhino shield painted exterior. large yard for plenty of activities with two driveways. good highway access to 146 and 395.   Second floor come wit pellet stove. both units include all appliances. No showings until Wednesday due to work schedule.
Unit Size
3,472 Ft²
Days on Market
-
Land Size
0.74 acres
Price per sqft
$82
Property Type
Multifamily
Property Taxes
$325
HOA Dues
-
Year Built
1938

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 4 months ago (MLSPIN #72431328)

Price History

Date / Event Date Event Price
Jan 30, 2019 Sold
Premium
Sold
Dec 9, 2018 Listed by ERA Key Realty Services- Auburn $285,400
Listed by ERA Key Realty Services- Auburn
Aug 30, 2013 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1938
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 6
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 31
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,736
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,317
  • Total Building Area: 3,472
  • Gross Building Area: 5,208
  • Building Area: 3,472
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 3,472
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000742
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Douglas School District
  • School Tax School District: DOUGLAS SD
  • Census Tract: 752101

Zoning

  • Zoning: VR

Geography

  • Account Number: 2204-15
  • Parcel: DOUG M:0170 B:0000062 L:
  • Block: 62
  • Municipality: DOUGLAS
  • Latitude: 42.0676
  • Longitude: -71.7188

    Address

  • Full Address: 3 Franklin St
  • Address - House Number: 3
  • Address - Street Name: Franklin
  • Address - Suffix Type: St
  • State: MA
  • City Name: Douglas
  • Carrier Code: R002
  • 4-Digit Zip Code: 2332
  • Zip Code: 01516

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $510,000

    Appraisal Valuation

  • Standard Deviation: 0.1771
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 461,592
  • High Value: 543,361
  • Low Value: 379,822

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $377,200
  • Assessed Land Value: $81,300
  • Assessed Improvements Value: $295,900

    Sales

  • Current Sale Contract Date: Jan 30, 2019
  • Current Sale Recording Date: Jan 30, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 9004
  • Previous Sale Recording Date: Aug 30, 2013
  • Previous Sale Amount: $270,000
  • Previous Sale Document Type: 55
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Worcester

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2429 ft²

Average Home Age

62.8 years

Currently For Sale

1936 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72431328

Frequently Asked Questions

When was property at 3 Franklin Street built and last sold?
The property at 3 Franklin Street was built in 1938 and last sold on Jan 30, 2019 for $305,000.
How much is this home worth?
The estimated value of the home located at 3 Franklin Street is $178,770.
What are some comparable homes to 3 Franklin Street?
There are currently no comparable homes to 3 Franklin Street.
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