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Franklin Town 02038
360 W. Central Street
Photo of 360 W. Central Street

16

Map

Photo of 360 W. Central Street
Photo of 360 W. Central Street
$1,900,000
↓ $600K (24%)
● Land - For Sale

360 W. Central Street

Franklin, MA 02038
bedrooms
Studio
bathrooms
0 Bath
$10,126
Est. Monthly

About This Property

After (4) four generations of ownership it's time to sell this incredible piece of real estate located on Rt 140 and the corner of Beaver Street in Franklin, MA with great exposure and traffic count~Almost 7 acres of desirable land once a thriving farm which dates back to 1938, (Akin Bak Farm). Opportunity for the right buyer with vision....Seller is selling property "AS IS" with existing structures on property and makes no representations and or warranties~THIS PROPERTY IS "NOT" SUBJECT TO 61A~Many possibilities for buyers, investors, developers~Do not walk the property without an appointment~Seller will entertain reasonable offers~
Unit Size
-
Days on Market
-
Land Size
6.84 acres
Price per sqft
-
Property Type
Land
Property Taxes
$796
HOA Dues
-
Year Built
1920

Listed By

Robert Carey
Carey Realty Group, Inc.

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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: 3 months ago (MLSPIN #73502051)

Price History

Date / Event Date Event Price
Aug 18, 2026 Price Decreased $1,900,000
↓ $600K (24%)
Price Decreased
Jul 27, 2026 Price Decreased $2,500,000
↓ $500K (16.7%)
Price Decreased
Jun 23, 2026 Price Decreased $2,999,900
↓ $500K (14.3%)
Price Decreased
Jun 2, 2026 Price Decreased $3,499,900
↓ $400K (10.3%)
Price Decreased
May 12, 2026 Price Decreased $3,900,000
↓ $1M (22%)
Price Decreased
Show More

Property Highlights

Exterior Details
Building Area Units: Square Feet
Lot Features: Level, Corner Lot
Lot Size Area: 6.84
Lot Size Units: Acres
Lot Size Acres: 6.84
Lot Size Square Feet: 297776
Water Source: Public
Financial Details
Tax Assessed Value: $821,800
Tax Annual Amount: $9,549
Utilities Details
Sewer : Private Sewer

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,408
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 297,776
  • Total Building Area: 1,901
  • Gross Building Area: 4,455
  • Building Area: 1,901
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,901
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000006836
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Franklin School District
  • Census Tract: 442104

Geography

  • Account Number: 73-004
  • Parcel: FRAN M:277 L:011
  • Lot: 11
  • Municipality: FRANKLIN
  • Latitude: 42.087
  • Longitude: -71.4122

    Address

  • Full Address: 360 W Central St
  • Address - House Number: 360
  • Street Direction: W
  • Address - Street Name: Central
  • Address - Suffix Type: St
  • State: MA
  • City Name: Franklin
  • Carrier Code: C004
  • 4-Digit Zip Code: 1834
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $885,900

    Appraisal Valuation

  • Standard Deviation: 0.1257
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 86
  • Final Value: 952,199
  • High Value: 1,071,952
  • Low Value: 832,446

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $751,400
  • Assessed Land Value: $514,500
  • Assessed Improvements Value: $236,900
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 Franklin Town

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$333

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1993 ft²

Average Home Age

46.7 years

Currently For Sale

65 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

Click here to view more rentals in the neighborhood.
Last Updated: 3 months ago
Data Source: MLS PIN, MLS# 73502051

Frequently Asked Questions

When was property at 360 West Central Street built and last sold?
The property at 360 West Central Street was built in 1920 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 360 West Central Street is $1,919,000.
What are some comparable homes to 360 West Central Street?
There are currently no comparable homes to 360 West Central Street.
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