40 Freeman Street Framingham MA 01702 MLS #73380932

40 Freeman Street
Framingham, MA, 01702
$1,250,000
12 Beds
4 Baths
4,176 SqFt
0.18 Acres
$1,250,000
40 Freeman Street
Framingham, MA, 01702
Excellent asset for investors looking for value add purchase opportunities through improvement. This large 4 family has 2 four bedroom and 2 two bedroom units with the same tenants in place for over 13 years. Rents currently are at 70% of HUD fair market values. Owner updates include 2 furnaces, 4 hot water heaters, exterior lighting, new 10 yr smoke detectors, entry porch and doors, chimney repairs and various unit improvements including flooring, bathroom fixtures etc. Great level corner lot close to downtown with plenty of offstreet parking and less than 1/2 mile from commuter rail. Close proximity to Framingham State University and the area’s major businesses along the route 9 corridor. Easy access to shopping and Mass Pike.

Property Details

Price:
$1,250,000
MLS #:
73380932
Status:
Pending
Beds:
12
Baths:
4
Address:
40 Freeman Street
Type:
Multi Family
Subtype:
4 Family
City:
Framingham
Listed Date:
May 28, 2025
State:
MA
Finished Sq Ft:
4,176
Total Sq Ft:
4,176
ZIP:
01702
Lot Size:
7,841 sqft / 0.18 acres (approx)
Year Built:
1887
Units:
4

Schools

Interior

Appliances
Range, Refrigerator
Bathrooms
4 Full Bathrooms
Cooling
None
Flooring
Wood, Carpet
Heating
Forced Air, Natural Gas

Exterior

Community Features
Public Transportation, Shopping, Park, Golf, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Private School, Public School, T- Station, University
Construction Materials
Frame
Parking Features
Off Street
Parking Spots
8
Roof
Shingle

Financial

Net Operating Income
$56,208
Tax Year
2025
Taxes
$9,994
Need more info?
Ask a Question
Ready to go see it?
Schedule a Showing
Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

More About Marie

Mortgage Calculator

 

Map

Similar Listings Nearby

40 Freeman Street
Framingham, MA