Two-Family Residential Income
30 Winter Street Framingham, MA 01702
30 Winter Street, Framingham, MA, 01702
$699,995
For Sale
$699,995
Well-cared-for two-family with both units leased to long-term tenants and multiple porches.
Property Size2,616 SF
Price / SF$267.58
Days on Market112
Property Features for 30 Winter Street
General Information
- Standard status
- Active
- Size
- 2,616 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1887
Listing agency
Coldwell Banker Realty - Framingham
(508) 561-1618
Listed by
Diane B. Sullivan · License #449502655
Source
Arborviewrealtyinc
Added: Apr 1 Updated: Jul 20 at 8:02PM Checked: Jul 20 at 8:02PM
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
Investment Insights
Based on property information with market context.
This two-family residential income property offers a spacious, well-maintained layout with two 2-bedroom units and separate utilities. The first unit includes a farmers porch, a full bath, an updated kitchen with stainless steel appliances, and direct access to the basement. The second unit features a bright living space, a full bath, a 3-season porch, and access to a third-floor walk-up.
The property has documented updates including remodeled kitchens and baths, energy-efficient windows (2013), updated electrical (2010), a newer roof (2024), hot water tanks (2025), and a heating conversion to natural gas. The yard provides outdoor space for occupants.
Both units are currently leased to long-term tenants, supporting immediate rental stability. The third-floor walk-up also presents potential for additional use, subject to applicable approvals.
The property has documented updates including remodeled kitchens and baths, energy-efficient windows (2013), updated electrical (2010), a newer roof (2024), hot water tanks (2025), and a heating conversion to natural gas. The yard provides outdoor space for occupants.
Both units are currently leased to long-term tenants, supporting immediate rental stability. The third-floor walk-up also presents potential for additional use, subject to applicable approvals.
Key Highlights
- Two‑family home built in 1887 with both units currently leased to long‑term tenants
- Strong rental income listed as $4,206 yearly with separate utilities (tenants pay their own)
- Updates include newer roof (2024), H2O tanks (2025), energy‑efficient windows (2013), and updated electrical (2010)
Local 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 | $83.2k | $31.80 |
| − Vacancy | −$4.1k | −$1.57 |
| EGI | $79.1k | $30.23 |
| − OpEx | −$23.7k | −$9.07 |
| NOI | $55.4k | $21.16 |
2,616 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$790.8K
$691.9K – $922.6K
NOI $55,355 @ 7.0% cap · market cap 7.91%
Second Best
Apartment 5plus
$743.6K
$650.6K – $867.5K
NOI $52,050 @ 7.0% cap · market cap 7.44%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,406 @ 7.0% cap · market cap 15.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Thirty Winter
Real Estate Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-cared-for two-family with both units leased to long-term tenants and multiple porches.
Where is this duplex located?
The property is located at 30 Winter Street Framingham, MA.
What is the asking price?
The asking price for this property is $699,995.
What are key features of this property?
This property features: Two‑family home built in 1887 with both units currently leased to long‑term tenants; Strong rental income listed as $4,206 yearly with separate utilities (tenants pay their own); Updates include newer roof (2024), H2O tanks (2025), energy‑efficient windows (2013), and updated electrical (2010)
