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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).

More Info

Basic Information

  • Gross Income $110,400
  • Lot Features Level
  • Mls StatusNew
  • Parcel Number 0269,1617691
  • Rent Includes Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
  • Road Frontage DescriptionPaved

Tax Information

  • Tax Assessed Value $929,000
  • Tax Year 2026
  • Taxes$11,789

School Information

  • Elementary SchoolMemorial
  • High School Milford High School
  • Junior HighStacy

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street, Paved
  • Parking Spaces12

Rooms

  • Bathroom6
  • Bathrooms Total Decimal 6
  • Bedrooms10
  • Full Bath6

Basic Information

  • List Price$1,099,990
  • MLS Number73567324
  • Modification Date08/24/2026
  • Property SubType5+ Family - 5+ Units Up/Down

Location

  • Address21 Franklin Street
  • Building Number21
  • CountyWorcester
  • NeighborhoodSouth Milford
  • StateMA
  • StreetFranklin Street
  • SubdivisionSouth Milford
  • TownMilford
  • Zip01757

Building

  • BasementPartial
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationStone, Irregular
  • Levels 5
  • Rooms21
  • Stories5
  • Units5
  • Utilities For Gas Range
  • Year Built1902
  • Year Built Details Actual
  • Year Built Source Public Records

Property

  • Acreage0.51

Interior

  • Flooring Wood
  • Interior Features Ceiling Fan(s), Living Room, Kitchen

Exterior

  • RoofShingle

Utilities

  • Cooling Window Unit(s)
  • Cooling YN Yes
  • Electric Circuit Breakers
  • Electric Expense 838
  • Heat SystemYes
  • Heating Natural Gas
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 4,522
  • Lot Size Square Feet 22,002
  • Lot Size Units Acres
  • Road Responsibility Public Maintained Road
  • Square Feet4,522

Amenities

  • Amenities
    • Highway Access
    • Laundromat
    • Medical Facility
    • Other
    • Park
    • Public School
    • Public Transportation
    • Shopping
    • Walk/Jog Trails
  • Appliances IncludedRange, Refrigerator
  • Other AmenitiesBasement

Legal

  • ZoningRA

Other

  • Date Listed08/24/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Ana Loja of Afonso Real Estate

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