Active
16 Days on market
21 Franklin St. Milford — Photo 1 of 30

21 Franklin St. Milford — Photo 1 of 30

$1,099,990

21 Franklin St., Milford, MA 01757

Milford, MA 01757 — South Milford

Beds

10

Baths

6

SqFt

4,522

Style

5+ Family - 5+ Units Up/Down

Built

1902

INVESTORS TAKE NOTICE! Rare opportunity to own a 5-unit multifamily property in Milford generating approximately $9,200 per month / $110,400 annually in gross rental income. Current rents are below market, offering potential for increased rental income and additional upside for the next owner. This income-producing property features an expansive off-street parking area located behind the building with space for approximately 15+ vehicles, along with lead compliance/certification documentation. Situated on a generous lot with potential for additional development or an ADU. Conveniently located near downtown Milford, shopping, restaurants, and major routes. An excellent opportunity for investors seeking an established multifamily property with strong current income, below-market rents, separate utilities and future growth potential. (buyer to due diligence).

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$243/sqft
Local Avg (Milford)$298/sqft
18% BelowMarket Average

* Analysis is based on 23 actively listed and recently sold comparable properties strictly within Milford, MA.

Property Details

Financials

Original Price$1,099,990
Annual Taxes$11,789

Parking

Garage0
Off-Street12

Interior Specifications

Total Rooms21
FireplacesNone
FlooringWood
BasementPartial

Climate & Utilities

HeatingNatural Gas
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone, Irregular
ZoningRA

Property & Lot

Acres0.51
SqFt Lot22,002
Lot FeaturesLevel

Amenities & Appliances

Range • Refrigerator

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat

Geography

Population

30,609

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$97K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

34.5%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Worcester County

1,806 housing units permitted in the last 12 months (-4% vs the prior 12 months) — 1,006 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Ana Loja

Listing Office: Afonso Real Estate

MLS® Number: 73567324

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