Triplex with Off-Street
For Sale
$699,900
Pending
179-181 Grant St, Framingham, MA 01702
Three-unit property with separate electric services, updated heating, replacement windows, and basement storage.
Property Size1,800 SF
Days on Market50
Property Features for 179-181 Grant St
General Information
Standard status
Pending
Size
1,800 SF
Total Parking Spaces
3
Property subtype
Investment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x efficiency, 1 x 1BR, 1 x 2BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,811
Amenities
new heating system
energy efficient replacement windows
hardwood flooring
ceiling fans
basement storage
washer/dryer hook-up
Building Details
Building Size
1,800 SF
Year Built
1907
Buildings
1
Stories
3
Units
3
Listing Agency:
RE/MAX One Call Realty
Listed By:
John Pasciuti · License #9022929
(508) 397-1636
Source:
Elliman
Added: Sep 10
Changed: Oct 27
Last Checked: Oct 28 at 9:38AM
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 RE/MAX One Call Realty
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Investment Insights
Based on property information with market context.
Built in 1907, this three-family property includes an efficiency unit, a one-bedroom apartment, and a two-bedroom apartment. The building has a new heating system, separate electric services, low-maintenance vinyl siding, and energy-efficient replacement windows. Hardwood flooring appears in many rooms, while some rooms include ceiling fans. Three off-street parking spaces serve the property.
Basement storage and a washer and dryer hookup add practical utility. The property is located at 179-181 Grant St in Framingham, near parks, shopping, restaurants, the highway, and commuter rail service. Walk Score is 78, Bike Score is 55, and Transit Score is 42.
Basement storage and a washer and dryer hookup add practical utility. The property is located at 179-181 Grant St in Framingham, near parks, shopping, restaurants, the highway, and commuter rail service. Walk Score is 78, Bike Score is 55, and Transit Score is 42.
Key Highlights
- Three‑family layout with efficiency, one‑bedroom, and two‑bedroom units
- New heating system with separate electric services
- Three off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,089
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$761,780
$761.8K
Cap Rate 7%
$544,129
$544.1K
Cap Rate 9%
$423,211
$423.2K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$57.2K $31.80/SF
− Vacancy
−$2.8K −$1.57/SF
EGI
$54.4K $30.23/SF
− OpEx
−$16.3K −$9.07/SF
NOI
$38.1K $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 Rate 5%
$761,780
Cap Rate 7%
$544,129
Cap Rate 9%
$423,211
Alternative Uses
Best Use
Multifamily LT 5
$544.1K
$476.1K – $634.8K
NOI $38,089 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$511.6K
$447.7K – $596.9K
NOI $35,814 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$1.07M
$932.4K – $1.24M
NOI $74,592 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,026
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
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with separate electric services, updated heating, replacement windows, and basement storage.
Where is this triplex located?
The property is located at 179-181 Grant St Framingham, MA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Three‑family layout with efficiency, one‑bedroom, and two‑bedroom units; New heating system with separate electric services; Three off‑street parking spaces
