1. Massachusetts
  2. Franklin
  3. 338 Summer St
$2,000,000

338 Summer St, Franklin, MA 02038

  • 12 beds |
  • 11 baths |
  • 6,248 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1860
  • Property Lot Size Icon1acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $320/sqft
  • Property List Date Icon Listed 16 days ago

Property Description

338 Summer Street consists of a three-story building, containing eleven (11) residential units comprised of two (2), 2-Bedroom/1 Bathroom units, seven (7), 1-Bedroom/1-Bathroom units, and two (2), Studio units with 6,248 square feet of living area in 10,722 total gross square feet. The Property is situated on a 1.00-acre parcel of land and features twenty (20) on-site parking spaces. The well-maintained property features upgrades to the common areas, including new carpet, paint, lighting and coin-operated washer and dryer machines. Additionally, seven (7) of the units have been renovated, including new kitchens, bathrooms, flooring, and paint. Current rents are below market rates and offer the opportunity to increase rents to market rates via lease renewals and programmatic updates to the unrenovated units. 338 Summer Street offers the opportunity to acquire a transit-oriented, well-maintained asset, that is poised for income growth.

Listing Status:
Active
Date Added:
July 16, 2025 at 05:00AM
Listing Office:
Horvath & Tremblay : 781-776-4000
Listing Agent:
Jason Kulik : 781-776-4016
MLS ID:
73405071
  • Appliances: WasherDryer
  • Fireplace: Fireplaces: 0

This listing courtesy of Jason Kulik, Horvath & Tremblay

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

G

Gerald M. Parmenter Elementary School

235 Wachusett St, Franklin, MA, 02038

Grades KG-5

0.37 miles away

H

Horace Mann Middle School

224 Oak St, Franklin, MA, 02038

Grades 6-8

1.60 miles away

F

Franklin High School

218 Oak St, Franklin, MA, 02038

Grades 9-12

1.81 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.