Two-Unit Duplex with Separate
New
For Sale
$725,000
221 Arlington Street, Framingham, MA 01702
Residential Income, Framingham, MA
Property Size3,021 SF
Lot Size0.21 Acres
Price / SF$239.99
Days on Market2
Property Features for 221 Arlington Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
G
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 6
Parking
4
Directions
Hollis Street to Waushakum Street to Arlington Street
Standard status
Active
APN
492220
Size
3,021 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9199
Building Details
Year built
1887
Floors in Building
4
Number of units
2
Listing Agency:
RE/MAX One Call Realty · RE/MAX International
(508) 872-5553
Listed By:
Christopher Mahoney · License #9085267
(508) 654-3029
Added: Oct 15
Last Checked: Oct 16 at 10:06AM
MLS# 73591596
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,021-square-foot duplex contains two three-bedroom units, each with its own heating system and electric meter. Interior features include bay windows, some hardwood flooring, ceiling fans, and replacement windows. A newer second-floor kitchen, furnace, and fresh paint are among the updates. The roof is approximately 10 years old.
The 0.21-acre property is at 221 Arlington Street in Framingham, near parks, shopping, restaurants, a highway, and commuter rail service.
Basement storage and washer and dryer hookups add utility to the property. Built in 1887, the duplex is zoned G.
The 0.21-acre property is at 221 Arlington Street in Framingham, near parks, shopping, restaurants, a highway, and commuter rail service.
Basement storage and washer and dryer hookups add utility to the property. Built in 1887, the duplex is zoned G.
Key Highlights
- Two units, each with three bedrooms
- Separate heating systems and electric meters for both residences
- 3,021 square feet on a 0.21‑acre lot
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.
How Realmo checks its estimates
Property Analytics
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Current Use
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 - Two three-bedroom residences include independent heating systems and electric meters.
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 both residences; 3,021 square feet on a 0.21‑acre lot
