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    120 Franklin St Framingham, MA 01702

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    For Sale
    $1,675,000

    8-unit multifamily property in Framingham with immediate cash flow.

    Lot size:
    0.16 Acres

    Property Features for 120 Franklin St

    General Information

    Lot size
    0.16 Acres

    Building Details

    Year built
    1900

    Source: Keller Williams Boston MetroWest Agent Colby Auger

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

    Overview

    Fully Leased Multifamily Investment Property

    This is an exceptional opportunity to acquire a fully leased 8-unit multifamily asset. The property features a mix of one-bedroom and two-bedroom units. Each unit has a layout with sunlight, and all bathrooms have tubs. The property is located in the travel hub of Framingham with access to 495, Routes 9, 126, and 135, and is one mile from the Framingham/Worcester commuter rail stop. All units are currently rented with tenancy in place, providing cash flow for investors. The property has been well-maintained and offers upside potential through future rent increases and value-add improvements. This property offers a blend of location, stability, and long-term growth potential.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Framingham
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.4198987
    Latitude
    42.2806871

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    FAQs

    What type of property is this?
    Apartment building - 8-unit multifamily property in Framingham with immediate cash flow.
    Where is this apartment building located?
    The property is located at 120 Franklin St Framingham, MA.
    What is the asking price?
    The asking price for this property is $1,675,000.
    What are key features of this property?
    This property features: - Fully leased 8-unit multifamily asset providing immediate cash flow.; - Ideally located in Framingham travel hub with easy access to major routes (495, rt.s 9, 126, 135, the pike).; - Close proximity (1 mile) to the Framingham/Worcester commuter rail stop.
    (508) 834-4614
    Request Owner's contact information
    120 Franklin St Framingham, MA 01702
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    Framingham, MA 01702
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    120 Franklin St Framingham, MA 01702
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