Triplex with On-Site
For Sale
$815,000
135 Irving Street, Framingham, MA 01702
Separate driveways provide on-site parking for residents and visitors.
Property Size3,612 SF
Price / SF$225.64
Days on Market88
Property Features for 135 Irving Street
General Information
Standard status
Active
Size
3,612 SF
Property subtype
Multi-family
Units
Unit Mix
2bed/1bed duplex, 1bed/1bath, 4bed/1bath duplex
Multifamily Units
3
Additional Details
Public Transit
Yes
Building Details
Year Built
1890
Listing Agency:
Keller Williams Realty
Listed By:
Fleet Homes Group
(617) 969-9000
Source:
Merryfoxrealty
Added: Jul 25
Changed: Oct 19
Last Checked: Oct 19 at 2:44PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 3,612-square-foot triplex, built in 1890, sits on a flat corner parcel measuring more than 8,000 square feet. The property has two separate driveways with parking for 4+ vehicles, along with a side yard. Updated building systems include newer boilers and hot water heaters; the kitchen in the smaller unit has also been refreshed.
Irving Street Park is directly across the street, and Arlington Street Playground is one block away. The downtown Framingham commuter rail station is minutes from the property, with restaurants, coffee shops, shopping, and everyday services nearby.
Irving Street Park is directly across the street, and Arlington Street Playground is one block away. The downtown Framingham commuter rail station is minutes from the property, with restaurants, coffee shops, shopping, and everyday services nearby.
Key Highlights
- Triplex with 3,612 square feet of building area
- Flat corner lot of 8,000+ sq. ft.
- Two separate driveways with parking for 4+ vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,867
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,437,340
$1.4M
Cap Rate 7%
$1,026,671
$1.0M
Cap Rate 9%
$798,522
$798.5K
Market Conditions
NOI Build-Up for 3,612 SF
Gross rent
$137.8K $38.16/SF
− Vacancy
−$7.2K −$1.98/SF
EGI
$130.7K $36.18/SF
− OpEx
−$58.8K −$16.28/SF
NOI
$71.9K $19.90/SF
Area
Middlesex County, MA
Vacancy
5.20%
Lease Rate
$38.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,437,340
Cap Rate 7%
$1,026,671
Cap Rate 9%
$798,522
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$955.4K – $1.27M
NOI $76,431 @ 7.0% cap · market cap 9.38%
Second Best
Apartment 5plus
$1.03M
$898.3K – $1.20M
NOI $71,867 @ 7.0% cap · market cap 8.82%
Theoretical Best
Office A
$2.14M
$1.87M – $2.49M
NOI $149,680 @ 7.0% cap · market cap 18.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,703
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Separate driveways provide on-site parking for residents and visitors.
Where is this triplex located?
The property is located at 135 Irving Street Framingham, MA.
What is the asking price?
The asking price for this property is $815,000.
What are key features of this property?
This property features: Triplex with 3,612 square feet of building area; Flat corner lot of 8,000+ sq. ft.; Two separate driveways with parking for 4+ vehicles
