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North Framingham Multifamily Investment Opportunity

19-21 Chestnut Street, Framingham, MA 01701

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For Sale

$1,700,000

Eight-unit multifamily property in Saxonville Village, Framingham.

Type:Commercial

Property size:

6,586 SF

Price / SF:

$258/SF

HighLights

Eight‑unit multi‑family property in North Framingham's Saxonville Village.
Significant living space: 6,586 sq ft with a mix of unit types (5 one‑bedroom, 1 studio, 2 two‑bedroom).
In‑unit washer/dryer for all units except the studio.
Ample parking for tenants.
Ideal location: close to amenities like coffee shops, restaurants, library, Sudbury River, walking trails, and public transportation.
Investment or owner‑occupied opportunity with renovation potential (two units partially or fully gutted).

We can help!

Listing Contact

Diane B. Sullivan

Learn more

For Sale

$1,700,000

Eight-unit multifamily property in Saxonville Village, Framingham.

Type:Commercial

Property size:

6,586 SF

Price / SF:

$258/SF

Added:: Apr 25, 2026
Days on Market:: 48
Last Refresh:: Apr 25 at 6:18 am

Property Features for 19-21 Chestnut Street

General Information

Standard status: Active
Size: 6,586 SF
Property subtype: Commercial

Building Details

Year Built: 1882

We can help!

Listing Contact

Diane B. Sullivan

Listing agent Diane B. Sullivan License #449502655

Listing office Coldwell Banker Realty - Framingham

Listing date Apr 25, 2026

Source Liongatere

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 Coldwell Banker Realty - Framingham

HighLights

Eight‑unit multi‑family property in North Framingham's Saxonville Village.
Significant living space: 6,586 sq ft with a mix of unit types (5 one‑bedroom, 1 studio, 2 two‑bedroom).
In‑unit washer/dryer for all units except the studio.
Ample parking for tenants.
Ideal location: close to amenities like coffee shops, restaurants, library, Sudbury River, walking trails, and public transportation.
Investment or owner‑occupied opportunity with renovation potential (two units partially or fully gutted).

Overview

Located in the heart of Saxonville Village in North Framingham, this eight-unit multifamily property offers an investment opportunity. The building has 6586 square feet of living space, comprising five one-bedroom units, one studio unit, and two two-bedroom units. One unit is completely gutted, and a second unit is approximately two-thirds renovated. The property features an abundance of parking in the back, providing ease and flexibility for tenants. The location is near a coffee shop, restaurants, a library, the Sudbury River, walking trails, and public transportation. All units except the studio have in-unit washer/dryers. All tenants are tenant at will. There is an easement on the property with access to Elm Street.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$251.3k	$38.16
− Vacancy	−$13.1k	−$1.98
EGI	$238.3k	$36.18
− OpEx	−$107.2k	−$16.28
NOI	$131.0k	$19.90

6,586 SF · lease $38.16/SF/yr · vacancy 5.20% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.87M

$1.64M – $2.18M (±1% cap)

NOI $131,039 @ 7.0% cap · market cap 7.71%

Second Best

—

no second resolved use

Theoretical Best

Office A

$3.90M

$3.41M – $4.55M (±1% cap)

NOI $272,922 @ 7.0% cap · market cap 16.05%

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

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Framingham
County: Middlesex
State: Massachusetts
Longitude: -71.3991601
Latitude: 42.3260196

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For sale
Apartment buildings
MA
Framingham
01701
19-21 Chestnut Street

What type of property is this?

Apartment building - Eight-unit multifamily property in Saxonville Village, Framingham.

Where is this apartment building located?

The property is located at 19-21 Chestnut Street Framingham, MA.

What is the asking price?

The asking price for this property is $1,700,000.

What are key features of this property?

This property features: Eight‑unit multi‑family property in North Framingham's Saxonville Village.; Significant living space: **6,586 sq ft** with a mix of unit types (5 one‑bedroom, 1 studio, 2 two‑bedroom).; **In‑unit washer/dryer** for all units except the studio.