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1161 Franklin St Stoneham — Photo 1 of 42

1161 Franklin St Stoneham — Photo 1 of 42

$1,499,000

Investment Analysis — 1161 Franklin St

Stoneham, MA 02180

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 02180 carries an estimated $6,400/mo in gross rent — about a 3.24% cap rate and $48,580/yr in estimated NOI at the $1,499,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

6

Baths

3

SqFt

4,643

Style

Multi Family

Built

1910

Timeless Victorian Elegance Meets Modern Luxury! This EXTRAORDINARY two-family Victorian offers a rare combination of historic character, sophisticated updates, exceptional craftsmanship, and modern convenience. 13 + rooms, 6 bedrooms, and 3 full baths create an impressive opportunity for an owner-occupant or discerning investor. Ideally located in Stoneham near the Melrose line! The beautifully appointed first-floor residence offers 5 rooms, 3 bedrooms, and 2 full baths, including a finished lower level with an additional full bath. The spectacular custom chef’s kitchen features expansive quartz countertops and peninsula, premium smart-enabled appliances, a French-door refrigerator, and professional-grade gas range with convection baking, air frying, Air Sous Vide, and more. A stylish modern bath features a frameless glass shower and quartz vanity. Oversized windows fill the home with natural light, while soaring ceilings and exotic Brazilian Oak hardwood flooring showcase its elegance. Independent climate control zones throughout, brand-new high-efficiency Hyper-Heat mini-split systems, separate gas and electric meters, a new dedicated water heater, and in-unit laundry add exceptional comfort and efficiency. Enjoy exclusive access to a charming rear patio surrounded by mature landscaping and cottage-inspired gardens. The spacious second-floor residence offers 7 rooms, 3 bedrooms, and a finished third-floor retreat with two additional rooms, offering exceptional flexibility for living, work, hobbies, or storage. The expansive open-concept living area provides the scale and feel of two traditional rooms, while the elegant kitchen features premium appliances, extensive quartz counter space, and a sun-filled dining area. Separate gas and electric meters, a new dedicated water heater, in-unit laundry, and high-efficiency multi-zone central heating and cooling provide modern convenience.Outside, enjoy a detached two-car garage, substantial off-street parking, a spacious fenced yard, front lawn, outdoor gathering areas, and a wonderful grapevine-covered entertaining space perfect for summer dining and gatherings.A truly distinctive property where Victorian charm meets modern luxury, energy-efficient upgrades, flexible living space, and an exceptional location. A rare opportunity to own a beautifully renovated two-family home with tremendous versatility and appeal.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$1,499,000
Annual Taxes$9,788

Parking

Garage2
Off-Street10

Interior Specifications

Total Rooms14
FireplacesNone
FlooringWood, Hardwood
BasementFull, Finished, Sump Pump

Climate & Utilities

HeatingHeat Pump, Unit Control, Ductless, Central, Forced Air, Natural Gas
CoolingHeat Pump, Unit Control, Ductless, Central Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle, Rubber
FoundationStone, Brick/Mortar
ZoningRA

Property & Lot

Acres0.28
SqFt Lot12,249
Lot FeaturesCorner Lot, Level

Amenities & Appliances

Disposal • Microwave • Freezer • Dryer • ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Dishwasher • ENERGY STAR Qualified Washer • Range • Washer/Dryer • Plumbed For Ice Maker

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Laundromat

Geography

Listing Provided By

Listing Agent: Kerry Lapiana

Listing Office: Diamond Key Real Estate

MLS® Number: 73570972