406 - 414 Central Street, Franklin, NH 03235
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
406 - 414 Central Street,Franklin, NH 03235
$1,533,000
- - Beds
- - Baths
- 10,911 sq. ft.
- Multi-family
- Active
Listed by:viktoria alkova
Office:kw coastal and lakes & mountains realty
MLS#:5049763
Source:PrimeMLS
Price summary
- Price:$1,533,000
- Price per sq. ft.:$140.5
About this home
This attractive investment opportunity offers a strong mix of residential apartments and retail on the ground level. The majority of the units have been renovated, providing fresh, modern living spaces. Separately metered electric, paid by tenants, easy to manage! The retail units are either fully renovated or currently undergoing upgrades, further enhancing the property's appeal. The property is primarily 2 bedroom units, with 2 spacious one-bedroom units and 2 studio apartments. Signed three-year lease with annual rent escalations ensures long-term income growth and stability. Additional amenities include security cameras throughout the property for enhanced safety, a freshly paved parking area at the rear for added convenience, and coin-op laundry on site to serve residents while generating supplemental income. Located in Franklin, the property benefits from the ongoing development of Mill City Park and the city's designation as an Opportunity Zone, offering favorable tax incentives for future investors. Delayed showings begin 7/20/25. This property is part of a 39 unit portfolio sale and can be sold together or separately. See MLS 5049759 and 5050830 for the other units.
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Home facts
- Year built:1920
- Listing ID #:5049763
- Added:87 day(s) ago
- Updated:September 28, 2025 at 10:17 AM
Rooms and interior
- Living area:10,911 sq. ft.
Heating and cooling
- Heating:Hot Water
Structure and exterior
- Roof:Flat
- Year built:1920
- Building area:10,911 sq. ft.
- Lot area:0.17 Acres
Utilities
- Sewer:Public Available
Finances and disclosures
- Price:$1,533,000
- Price per sq. ft.:$140.5
- Tax amount:$11,226 (2024)
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