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Mixed-Use Property Near Natick Line

12-14 Waverly Street Framingham, MA 01702

12-14 Waverly Street, Framingham, MA, 01702

$1,530,000

For Sale

$1,530,000

Mixed-use property with two-family rental and auto repair potential.

Property Size3,487 SF

Price / SF$438.77

AddedApr 16, 2024

Days on Market822

Last RefreshJul 14 at 11:09 am

Property Features for 12-14 Waverly Street

General Information

Standard status: Active
Size: 3,487 SF
Property subtype: Multi-family / 2 Family - 2 Units Up/Down

Building Details

Year Built: 1900

Listing office Coldwell Banker Realty - Worcester

Listing date Apr 16, 2024

Source Compass

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty - Worcester

Investment Insights

Based on property information with market context.

This mixed-use property on Waverly Street offers high visibility on the Framingham/Natick line. The property includes a fully rented two-family dwelling and potential for an auto repair business, complete with a transferrable 3-space car license. The property provides 3,487 square feet of versatile space. Separate utilities ensure tenants cover their own expenses. The first-floor apartment is fully handicapped-accessible and features 3 bedrooms, 1 bathroom, a large kitchen, and a spacious living room. The second-floor unit includes 3 bedrooms, 1 bathroom, an eat-in kitchen, a large living room, plus additional attic space for storage or potential expansion. The location is near the commuter rail and West Natick station.

Key Highlights

Prime mixed‑use property with high visibility and traffic count on the Framingham/Natick line.
Fully rented two‑family home, offering immediate rental income.
Transferrable 3‑space car license, suitable for an auto repair business.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$110.9k	$31.80
− Vacancy	−$5.5k	−$1.57
EGI	$105.4k	$30.23
− OpEx	−$31.6k	−$9.07
NOI	$73.8k	$21.16

3,487 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$1.05M

$922.3K – $1.23M (±1% cap)

NOI $73,786 @ 7.0% cap · market cap 4.82%

Second Best

Apartment 5plus

$991.1K

$867.3K – $1.16M (±1% cap)

NOI $69,380 @ 7.0% cap · market cap 4.53%

Theoretical Best

Office A

$2.06M

$1.81M – $2.41M (±1% cap)

NOI $144,500 @ 7.0% cap · market cap 9.44%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

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For sale
Mixed-use properties
MA
Framingham
01702
12-14 Waverly Street

What type of property is this?

Mixed-use property - Mixed-use property with two-family rental and auto repair potential.

Where is this mixed-use property located?

The property is located at 12-14 Waverly Street Framingham, MA.

What is the asking price?

The asking price for this property is $1,530,000.

What are key features of this property?

This property features: Prime mixed‑use property with high visibility and traffic count on the Framingham/Natick line.; Fully rented two‑family home, offering immediate rental income.; Transferrable 3‑space car license, suitable for an auto repair business.