Four-Unit Residential Income
308 Hollis St Framingham, MA 01702
New
308 Hollis St, Framingham, MA, 01702
$1,250,000
For Sale
$1,250,000
Four-family building offering unit variety from one 3-bedroom through two 1-bedroom units.
Property Size3,089 SF
Price / SF$404.66
Days on Market7
Property Features for 308 Hollis St
General Information
- Standard status
- Active
- Size
- 3,089 SF
- Property subtype
- 4 Family - 4 Units Up/Down
Building Details
- Year Built
- 1867
Listing Agency
REMAX Executive Realty
(508) 243-5015
Listed by
Robert Brown
(508) 243-5015
Source
Iverty
Added: Jul 13 Checked: Jul 18 at 2:27 am
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 REMAX Executive Realty
Investment Insights
Based on property information with market context.
This well-maintained four-family residential income property totals seven bedrooms across four units, including one 3-bedroom unit, one 2-bedroom unit, and two 1-bedroom units. The exterior features low-maintenance vinyl siding. Each unit offers separate utilities, supporting straightforward day-to-day management.
The property provides ample off-street parking for tenants. The location is convenient to shopping, restaurants, public transportation, and major commuter routes.
With a clean, well-kept unit mix and separate utilities in place, the building is set up as an income-producing multifamily asset for both investors and owner-occupants seeking rental revenue.
The property provides ample off-street parking for tenants. The location is convenient to shopping, restaurants, public transportation, and major commuter routes.
With a clean, well-kept unit mix and separate utilities in place, the building is set up as an income-producing multifamily asset for both investors and owner-occupants seeking rental revenue.
Key Highlights
- Well‑maintained 4‑family property built in 1867
- 7 total bedrooms with a unit mix of one 3‑bedroom, one 2‑bedroom, and two 1‑bedroom units
- Separate utilities for all units
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 | $98.2k | $31.80 |
| − Vacancy | −$4.9k | −$1.57 |
| EGI | $93.4k | $30.23 |
| − OpEx | −$28.0k | −$9.07 |
| NOI | $65.4k | $21.16 |
3,089 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$933.8K
$817.1K – $1.09M
NOI $65,364 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$878.0K
$768.3K – $1.02M
NOI $61,461 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $128,007 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-family building offering unit variety from one 3-bedroom through two 1-bedroom units.
Where is this quadplex located?
The property is located at 308 Hollis St Framingham, MA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Well‑maintained 4‑family property built in 1867; 7 total bedrooms with a unit mix of one 3‑bedroom, one 2‑bedroom, and two 1‑bedroom units; Separate utilities for all units
