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$1,190,000
Total Beds: 5 Total Baths: 5
Total Units: 5 SQFT: 3002
LOT size: 0.30 Acres
971 Waverly St
Framingham, MA 01702
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Property Description

Premier Metrowest Investment Opportunity | Framingham. We are proud to present a rare and notable multi-family residence that perfectly marries preserved architectural heritage with modern capital improvements. Spanning over 3,000 square feet of living area, the building sits on a sprawling 13,068 square foot level lot—a significant land asset for the area. The property is comprised of five distinct 1-bedroom, 1-bathroom units and features an expansive parking area accommodating up to 10 vehicles.This asset has been meticulously cared for, with a history of thoughtful renovations culminating in the recent installation of individual high-efficiency gas boilers for every unit. This mechanical upgrade ensures streamlined operations and lower owner carry-costs.Current rents are positioned significantly below market value, offering a substantial "value-add" play for the incoming investor. To provide maximum flexibility for the new owner, the property can be delivered vacant at closing.

Property Details

Building Information

  • Total Units: 5
  • Total Floors: 5
  • Total Bedrooms: 5
  • Total Full Baths: 5
  • Basement Features: Full
  • Common Rooms: Living Room
  • Common Interior Features: Bathroom With Tub, Security System, Storage
  • Common Appliances: Dishwasher, Dryer, Freezer, Microwave, Range, Refrigerator, Washer
  • Common Heating: Extra Flue, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard

Financial

  • APOD Available: Yes
  • Gross Operating Income: 54410
  • Gross Expenses: 21896
  • Electric Expenses: 1165
  • Water/Sewer: 13212
  • INSC: 3966
  • RFS: 3552
  • Net Operating Income: 32517

Utilities

  • Heat Zones: 5
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

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

Unit 3 Description

  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1820
  • Type: 5+ Family - 5+ Units Up/Down
  • Construction Type: Aluminum, Brick, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73504053
  • Last Updated: 04/23/26
  • Terms: Contract for Deed, Rent w/Option

Mortgage Calculator

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Map

Seller's Representative: John Zhang, Boston Elite Realty Group
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2026-04-23 03:05:00