Located in the city of Franklin, New Hampshire’s Lakes Region, this stabilized multifamily property features a total of seven residential units. Tenants are responsible for their own heat and electricity, helping to reduce operational expenses and management overhead. Units 1, 4, and 7 have been fully renovated, while the remaining units have received some updates and are well-maintained. Major system upgrades have been completed, including a new boiler for Unit 5. A variance is currently in process to allow for the construction of a single-family home on the rear portion of the lot, replacing a prior structure—unlocking future development potential. The property also includes a heated barn for storage and offers generous on-site parking. Situated in a designated Opportunity Zone, this property combines immediate cash flow, recent capital improvements, and long-term development upside in a desirable location. This property is part of a 39 unit portfolio sale and can be sold together or separately. See MLS 5049763 and 5050830 for the other units.
Active
Listed by:
Viktoria V Alkova,
KW Coastal and Lakes & Mountains Realty 603-610-8500,
Ethan Ash,
KW Coastal and Lakes & Mountains Realty
$886,500
155 South Main Street, Franklin, NH 03235
10beds
5,125sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$173/sqft
$-- HOA
What's special
- 33 days
- on Zillow |
- 464 |
- 25 |
Zillow last checked: 7 hours ago
Listing updated: July 23, 2025 at 02:02pm
Listed by:
Viktoria V Alkova,
KW Coastal and Lakes & Mountains Realty 603-610-8500,
Ethan Ash,
KW Coastal and Lakes & Mountains Realty
Source: PrimeMLS,MLS#: 5049759

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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 7
- Full bathrooms: 7
Heating
- Natural Gas, Oil, Hot Water
Cooling
- None
Features
- Flooring: Hardwood, Vinyl Plank
- Basement: Crawl Space,Slab,Interior Entry
Interior area
- Total structure area: 7,151
- Total interior livable area: 5,125 sqft
- Finished area above ground: 5,125
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel, On Site, Other, Parking Spaces 11 - 20
Features
- Levels: Two
- Frontage length: Road frontage: 450
Lot
- Size: 0.54 Acres
- Features: Level
Details
- Parcel number: FRKNM098B064L
- Zoning description: B1W&S
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Concrete Slab
- Roof: Asphalt Shingle
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable
Community & HOA
Location
- Region: Franklin
Financial & listing details
- Price per square foot: $173/sqft
- Tax assessed value: $480,900
- Annual tax amount: $8,247
- Date on market: 7/3/2025
- Road surface type: Gravel, Paved
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