Residential Investment Opportunity in
For Sale
$775,000
45 Daytona Ave, Framingham, MA 01702
Income-generating duplex with recent updates and tenant in place.
Property Size2,368 SF
Lot Size0.11 Acres
Days on Market267
Property Features for 45 Daytona Ave
General Information
Standard status
Active
Size
2,368 SF
Lot size
0.11 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$6,450
Building Details
Building Size
2,368 SF
Year Built
1966
Stories
2
Units
2
Listing Agency:
(508) 889-2950
Listed By:
Jackie Cueroni
(508) 889-2950
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Aug 21 at 12:18PM
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 Jackie Cueroni
Investment Insights
Based on property information with market context.
This property presents a residential investment opportunity. The upstairs unit, currently occupied by a tenant under a one-year lease, provides immediate income. This unit features three bedrooms, a full bath, a spacious living room with a fireplace, an eat-in kitchen, an additional dining room, and a large three-season porch. A carport is attached, along with a shed for extra storage. The lower unit includes two bedrooms, an eat-in kitchen, one full bath, a living room with a fireplace, and access to a one-car attached garage. Additional outside storage is available under the three-season porch, accessible from the yard. Recent updates include fresh paint and new shades throughout both units. The lower unit has newly installed kitchen cabinets, countertops, a bathroom vanity, and new lighting in each room. New flooring has been installed in the living room, bedrooms, and halls of the lower unit. The top unit features new kitchen flooring and refinished hardwood floors, with more improvements planned.
Key Highlights
- Immediate rental income from the occupied upper unit with an existing one‑year lease.
- Two separate living units, offering flexibility for owner‑occupancy with rental income or full investment property.
- Upper unit: 3 bedrooms, fireplace, eat‑in kitchen, dining room, 3‑season porch, carport, and shed.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,108
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,002,160
$1.0M
Cap Rate 7%
$715,829
$715.8K
Cap Rate 9%
$556,756
$556.8K
Market Conditions
NOI Build-Up for 2,368 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$75.3K $31.80/SF
− Vacancy
−$3.7K −$1.57/SF
EGI
$71.6K $30.23/SF
− OpEx
−$21.5K −$9.07/SF
NOI
$50.1K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,002,160
Cap Rate 7%
$715,829
Cap Rate 9%
$556,756
Alternative Uses
Best Use
Multifamily LT 5
$715.8K
$626.4K – $835.1K
NOI $50,108 @ 7.0% cap · market cap 6.47%
Second Best
Apartment 5plus
$673.1K
$588.9K – $785.3K
NOI $47,115 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,129 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
461
Businesses Nearby
Explore this area
Business Placement
Demographics for 01702, MA
39,515
Population
15,303
Households
2.6
Avg Household Size
35
Median Age
39%
College-Educated
83%
High-School Grad
8.2 sq mi
ZIP Area
4,819
Density / Sq Mi
$78,784
Median Household Income
$41,792
Median Earnings
$1,822
Median Rent
$563,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Income-generating duplex with recent updates and tenant in place.
Where is this duplex located?
The property is located at 45 Daytona Ave Framingham, MA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Immediate rental income from the occupied upper unit with an existing one‑year lease.; Two separate living units, offering flexibility for owner‑occupancy with rental income or full investment property.; Upper unit: **3 bedrooms, fireplace, eat‑in kitchen, dining room, 3‑season porch, carport, and shed.**
