Three-Unit Residential Income
19 Hayes Street Framingham, MA 01702
For Sale
$799,900
Pending
Three units across three levels with separate living and dining areas in select units, plus off-street parking and storage.
Property Size2,741 SF
Days on Market82
Property Features for 19 Hayes Street
General Information
- Standard status
- Pending
- Size
- 2,741 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1887
Listing Agency:
Lamacchia Realty, Inc.
(781) 786-8080
Listed By:
Adriana Scholz · License #9079714
Source:
Cjbarrett
Added: May 3
Changed: Jul 22
Last Checked: Jul 22 at 10:17AM
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 Lamacchia Realty, Inc.
Investment Insights
Based on property information with market context.
This three-family residential income property is arranged across three levels and includes one 3-bedroom unit alongside two additional units with functional layouts. Interiors feature a mix of hardwood and vinyl flooring, with spacious kitchens and separate living and dining areas in select units. The property also offers off-street parking for multiple vehicles, a fenced yard, and additional storage.
Located in Framingham, the home is near public transportation, shopping, restaurants, and commuter routes, supporting convenient day-to-day access for residents.
The existing configuration provides flexibility for an investor or an owner-occupant seeking additional income from the other units.
Located in Framingham, the home is near public transportation, shopping, restaurants, and commuter routes, supporting convenient day-to-day access for residents.
The existing configuration provides flexibility for an investor or an owner-occupant seeking additional income from the other units.
Key Highlights
- Year built: 1887
- Three units across three levels: includes one 3‑bedroom unit plus two additional units
- Some units feature separate living and dining areas
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $87.2k | $31.80 |
| − Vacancy | −$4.3k | −$1.57 |
| EGI | $82.9k | $30.23 |
| − OpEx | −$24.9k | −$9.07 |
| NOI | $58.0k | $21.16 |
2,741 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$828.6K
$725.0K – $966.7K
NOI $58,001 @ 7.0% cap · market cap 7.25%
Second Best
Apartment 5plus
$779.1K
$681.7K – $909.0K
NOI $54,537 @ 7.0% cap · market cap 6.82%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,586 @ 7.0% cap · market cap 14.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three units across three levels with separate living and dining areas in select units, plus off-street parking and storage.
Where is this triplex located?
The property is located at 19 Hayes Street Framingham, MA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Year built: 1887; Three units across three levels: includes one 3‑bedroom unit plus two additional units; Some units feature separate living and dining areas
