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.
Active
Listed by:
Viktoria V Alkova,
KW Coastal and Lakes & Mountains Realty 603-610-8500,
Ethan Ash,
KW Coastal and Lakes & Mountains Realty
$1,533,000
406 - 414 Central Street, Franklin, NH 03235
--beds
--baths
10,911sqft
Est.:
Multi Family
Built in 1920
-- sqft lot
$-- Zestimate®
$141/sqft
$-- HOA
What's special
Freshly paved parking areaSpacious one-bedroom unitsStudio apartmentsModern living spaces
- 38 days
- on Zillow |
- 337 |
- 7 |
Zillow last checked: 7 hours ago
Listing updated: July 23, 2025 at 02:03pm
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#: 5049763

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Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Full bathrooms: 8
Heating
- Natural Gas, Hot Water
Cooling
- None
Features
- Basement: Slab
Interior area
- Total structure area: 10,911
- Total interior livable area: 10,911 sqft
- Finished area above ground: 10,911
- Finished area below ground: 0
Property
Parking
- Parking features: Paved, On Site, On Street, Other
- Has uncovered spaces: Yes
Features
- Levels: 3
- Frontage length: Road frontage: 60
Lot
- Size: 7,405.2 Square Feet
- Features: Level
Details
- Zoning description: B2
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Historic Vintage
- Property subtype: Multi Family
Materials
- Brick Exterior
- Foundation: Concrete Slab
- Roof: Flat
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Electric: Other
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable
Community & HOA
Location
- Region: Franklin
Financial & listing details
- Price per square foot: $141/sqft
- Annual tax amount: $11,226
- Date on market: 7/20/2025
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