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$1,575,000
Total Beds: 11 Total Baths: 5
Total Units: 5 SQFT: 4420
LOT size: 0.17 Acres
37-39 Freeman Street
Framingham, MA 01702
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Property Description

Offering this rare turn key five unit investment opportunity in a neighborhood setting, walking distance to downtown and public transportation. This renovated property consists of 5 spacious units, with all separate heat, hot water and electric utilities, spanning over 4,420 square feet with plenty of off street parking. The property has been maintained with replacement vinyl windows, modern kitchens and flooring, updated baths and appliances, freshly painted and thoughtfully updated throughout. Strong rental history for the four two bedroom units, and a top floor three bedroom penthouse unit, all featuring spacious bedrooms, high ceilings, fully equipped kitchens/baths and modern amenities. There's plenty of parking to accommodate all the units, and includes additional outdoor space for gardening, barbecuing and enjoying the outdoors. All this in a commuter friendly location just steps to the train and downtown, making this perfect for a savvy investor or owner occupant!

Property Details

Building Information

  • Total Units: 5
  • Total Floors: 9
  • Total Bedrooms: 11
  • Total Full Baths: 5
  • Amenities: Highway Access, Public Transportation, T-Station, University, Walk/Jog Trails
  • Basement Features: Concrete Floor, Full
  • Common Interior Features: Tile Floor
  • Common Appliances: Washer Hookup

Financial

  • APOD Available: No
  • Gross Operating Income: 163200
  • Gross Expenses: 35212
  • Net Operating Income: 129188

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Energy Features: Insulated Windows
  • Utility Connections: for Electric Dryer, for Electric Range, for Gas Range, Varies per Unit, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1895
  • Type: 5+ Family - 5+ Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick, Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Tile, Vinyl
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73374752
  • Last Updated: 05/18/25
  • Terms: Contract for Deed, Rent w/Option

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Map

Seller's Representative: Michael Lord, Capital Realty Group
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.0
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-05-18 04:05:00