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    693 Concord St Framingham, MA 01702

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    For Sale
    $1,300,000

    Fully rented six-family property in desirable Framingham location.

    Lot size:
    0.22 Acres

    Property Features for 693 Concord St

    General Information

    Lot size
    0.22 Acres

    Building Details

    Year built
    1825

    Source: Coldwell Banker Realty - Waltham Agent Lisa Lyons

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

    Overview

    Framingham Six-Family Investment Property

    This is a six-family investment property located in Framingham. The property is fully rented and offers a consistent income stream. Each unit has been updated with remodeled kitchens, bathrooms, and flooring. The property includes off-street parking. It is located in a MetroWest neighborhood with access to shopping, dining, schools, and public transportation.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Framingham
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.4083181
    Latitude
    42.296097

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    FAQs

    What type of property is this?
    Apartment building - Fully rented six-family property in desirable Framingham location.
    Where is this apartment building located?
    The property is located at 693 Concord St Framingham, MA.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - High-demand 6-family investment property in a prime Framingham location.; - Fully rented property delivering strong, reliable cash flow.; - Tasteful updates in each unit, including kitchens, bathrooms, and flooring.
    (617) 974-8538
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    693 Concord 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
    693 Concord St Framingham, MA 01702
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