$239,000
●
Multifamily -
Off Market
87 Alpine Pl #2
Franklin, MA 02038
3 Beds
2 Baths,
1
Half Bath
1,848 Ft²
$1,332
Est. Monthly
$75
HOA / Fees
15.77%
Cap Rate
About This Property
NEW CONDO CONVERSION! COMPLETELY RENOVATED SPACIOUS UNIT WITH A
FANTASTIC MASTER BEDROOM SUITE! See similar (next door) unit on
MLS# 71048364. All new flooring, windows, heating, cooling,
pluming, kitchen, bathrooms, lighting, deck! Buyer has an
option to have remaining work in the unit completed before closing
or price adjusted. Walk to town center, commuter train, Dean
college, shopping, restaurants. A real gem!
Unit Size
1,848 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$129
Property Type
Multifamily
Property Taxes
$83
HOA Dues
$75
Year Built
1922
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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: 2 years ago (MLSPIN #71051603)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 30, 2026 | Sold | ||
| Sold | |||
| Sep 1, 2026 | In contract | - | |
| In contract | |||
| Aug 13, 2026 | Price Decreased |
$489,900
↓ $10K
(2%) | |
| Price Decreased | |||
| Jun 24, 2026 | Price Decreased |
$499,900
↓ $30K
(5.7%) | |
| Price Decreased | |||
| May 26, 2026 | Price Decreased |
$529,900
↓ $20K
(3.6%) | |
| Price Decreased | |||
Show More
Property Highlights
Parking Available
Air Conditioning
Parking Details
Has Open Parking
Parking Features: Off Street, Paved
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Plumbed For Ice Maker
Flooring Type: Wood, Tile, Laminate
Door Features: Insulated Doors
Laundry Features: Electric Dryer Hookup, Washer Hookup, Flooring - Stone/Ceramic Tile
Rooms: 5
Basement: Y
Exterior Details
Square Footage: 1848
Square Footage Source: $0
Year Built Source: Public Records
Year Built: 1922
Building Name: 87 Alpine
Building Area Total: 1848
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Deck, Patio
Lot Size Area: 0.18
Lot Size Units: Acres
Lot Size Acres: 0.18
Lot Size Square Feet: 8013
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $999,999
Tax Annual Amount: $999
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Natural Gas
Location Details
HOA/Condo/Coop Fee Includes: Insurance
HOA Fee: $75
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/15/2026
|
3 Bed
|
2 Bath
|
1861 ft²
|
$549,900
3 Bed
2 Bath
1861 ft²
|
$485,000
-11.80%
09/30/2026
|
Caroline Caira
RE/MAX On the Charles
| |
|
07/29/2020
|
Loft
|
3 Bath
|
1861 ft²
|
$389,900
Loft
3 Bath
1861 ft²
|
$423,000
+8.49%
09/25/2020
|
Caroline Caira
RE/MAX On the Charles
| |
|
04/14/2016
|
3 Bed
|
3 Bath
|
1861 ft²
|
$269,900
3 Bed
3 Bath
1861 ft²
|
$269,000
-0.33%
07/29/2016
|
Michael Crowley
Better Living Real Estate, LLC
| |
|
05/28/2014
|
3 Bed
|
3 Bath
|
1861 ft²
|
$229,000
3 Bed
3 Bath
1861 ft²
|
$247,000
+7.86%
07/29/2014
|
Zelda Kohn
Berkshire Hathaway HomeServices Commonwealth Real Estate
| |
|
11/11/2010
| |
6 Bed
|
4 Bath
|
3696 ft²
|
$399,000
6 Bed
4 Bath
3696 ft²
|
-
-
|
Zelda Kohn
Berkshire Hathaway HomeServices Commonwealth Real Estate
|
|
03/22/2010
|
3 Bed
|
2 Bath
|
1848 ft²
|
$239,000
3 Bed
2 Bath
1848 ft²
|
-
-
|
Zelda Kohn
Berkshire Hathaway HomeServices Commonwealth Real Estate
| |
|
03/17/2010
|
3 Bed
|
2 Bath
|
1848 ft²
|
$229,000
3 Bed
2 Bath
1848 ft²
|
-
-
|
Zelda Kohn
Berkshire Hathaway HomeServices Commonwealth Real Estate
| |
|
03/17/2010
| |
6 Bed
|
4 Bath
|
3696 ft²
|
$449,000
6 Bed
4 Bath
3696 ft²
|
-
-
|
Zelda Kohn
Berkshire Hathaway HomeServices Commonwealth Real Estate
|
|
09/19/2002
| |
6 Bed
|
-
|
2353 ft²
|
$209,900
6 Bed
-
2353 ft²
|
$220,000
+4.81%
08/04/2003
|
Rosemarie Caddick
ERA Key Realty Services
|
Building Info
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