308 Hollis St Framingham, MA 01702
MULTI_FAMILY - Framingham, MA
Property Features for 308 Hollis St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- M
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 6, Bedroom 5, Bedroom 7, Bathroom 3, Bathroom 4, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 2
- Parking
- 8
- Standard status
- Active
- APN
- 492258
- Size
- 3,089 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 11572
Building Details
- Year built
- 1867
- Floors in Building
- 5
- Number of units
- 4
Listing agent Bill Wright License #5503 (508) 435-6700
Listing office REMAX Executive Realty 22 South Street, Suite 203, Hopkinton, MA (508) 435-6700
Listing date Jul 13, 2026
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.
Investment Insights
Based on property information with market context.
Exterior improvements include low-maintenance vinyl siding, and the property provides ample off-street parking for tenants. The building is located at 308 Hollis St in Framingham, MA, with zoning noted as M.
The current offering is presented as an income-producing multi-family asset, with convenience factors cited in the remarks including proximity to shopping, restaurants, public transportation, and major commuter routes.
Key Highlights
- Well‑maintained 4‑family property built in 1867 with 7 total bedrooms
- Unit mix includes one 3‑bedroom unit, one 2‑bedroom unit, and two 1‑bedroom units
- Each unit has separate utilities
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 |
