394 Old Farm Rd Franklin — Photo 1 of 42
$675,000
Investment Analysis — 394 Old Farm Rd
Franklin, MA 02038
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02038 carries an estimated $3,080/mo in gross rent — about a 3.04% cap rate and $20,525/yr in estimated NOI at the $675,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,780
Style
Single Family
Built
1985
Move right into this well-maintained Colonial set in a desirable Franklin neighborhood! The freshly painted first floor features LVP flooring and a warm, inviting layout. The kitchen offers new quartz countertops and stainless steel appliances, while the cozy family room features a wood-burning fireplace and shiplap. The dining room opens to the living room/home office, providing flexible space for everyday living and entertaining. Step outside to enjoy the deck and patio overlooking the fenced-in backyard, perfect for relaxing & entertaining. Upstairs you'll find three generously sized bedrooms with gleaming hardwood floors and a convenient dual entrance full bathroom. The unfinished basement provides plenty of storage, a laundry area and access to the two-car garage. Less than 10 min to I-495, only 5 min to the commuter rail, and only a half-mile from DelCarte Recreation & Conservation Area playground & hiking trails. A wonderful opportunity to enjoy a move-in-ready home on a conveniently located cul-de-sac street! Welcome home!
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 890 sq ft (the lesser of 900 sq ft or half the 1,780 sq ft principal dwelling). Lot size: 20,634 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First12 x 15
Flooring - Vinyl
Dining Room
Lvl First11 x 12
Flooring - Vinyl
Kitchen
Lvl First12 x 16
Flooring - Vinyl, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Exterior Access, Open Floorplan, Recessed Lighting, Stainless Steel Appliances
Family Room
Lvl First12 x 17
Flooring - Vinyl, Chair Rail, Open Floorplan, Decorative Molding
Master Bedroom
Lvl Second12 x 25
Walk-In Closet(s), Flooring - Hardwood
Bedroom 2
Lvl Second11 x 11
Bedroom 3
Lvl Second13 x 17
Closet, Flooring - Hardwood
Bathroom 1
Lvl First6 x 8
Bathroom - Full, Bathroom - Tiled With Shower Stall
Bathroom 2
Lvl Second7 x 9
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Countertops - Stone/Granite/Solid
Listing Agent: Catherine Carrara
Listing Office: Realty ONE Group Suburban Lifestyle
MLS® Number: 73563098
