Two-Unit
For Sale
$725,000
221 Arlington Street, Framingham, MA 01702
Each residence has a three-bedroom layout, with independent heating and electric service for both units.
Property Size3,021 SF
Price / SF$239.99
Days on Market8
Property Features for 221 Arlington Street
General Information
Standard status
Active
Size
3,021 SF
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Building Details
Year Built
1887
Listing Agency:
RE/MAX One Call Realty
(508) 872-5553
Listed By:
John Pasciuti · License #9022929
(508) 397-1636
Source:
Lockandkeyre
Added: Oct 15
Changed: Oct 21
Last Checked: Oct 20 at 9:16PM
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 1887, this 3,021-square-foot duplex at 221 Arlington Street in Framingham contains two three-bedroom residences. Separate heating systems and electric meters serve the units. Interior features include bay windows, replacement windows, ceiling fans, and some hardwood flooring. Recent work includes a second-floor kitchen and furnace, while the roof is approximately 10 years old. A basement provides storage and washer-and-dryer hookups.
The property is zoned G and is near parks, shopping, restaurants, a highway, and commuter rail.
The property is zoned G and is near parks, shopping, restaurants, a highway, and commuter rail.
Key Highlights
- Two units, each with three bedrooms
- Separate heating systems and electric meters for each residence
- 3,021 square feet; built in 1887
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,925
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,278,500
$1.3M
Cap Rate 7%
$913,214
$913.2K
Cap Rate 9%
$710,278
$710.3K
Market Conditions
NOI Build-Up for 3,021 SF
Gross rent
$96.1K $31.80/SF
− Vacancy
−$4.7K −$1.57/SF
EGI
$91.3K $30.23/SF
− OpEx
−$27.4K −$9.07/SF
NOI
$63.9K $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%
$1,278,500
Cap Rate 7%
$913,214
Cap Rate 9%
$710,278
Alternative Uses
Best Use
Multifamily LT 5
$913.2K
$799.1K – $1.07M
NOI $63,925 @ 7.0% cap · market cap 8.82%
Second Best
Apartment 5plus
$858.7K
$751.4K – $1.00M
NOI $60,108 @ 7.0% cap · market cap 8.29%
Theoretical Best
Office A
$1.79M
$1.56M – $2.09M
NOI $125,189 @ 7.0% cap · market cap 17.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
941
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
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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?
Duplex - Each residence has a three-bedroom layout, with independent heating and electric service for both units.
Where is this duplex located?
The property is located at 221 Arlington Street Framingham, MA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Two units, each with three bedrooms; Separate heating systems and electric meters for each residence; 3,021 square feet; built in 1887
