Well-Maintained Quadplex with Renovated
For Sale
$1,125,000
39-41 Bridges St, Framingham, MA 01702
Four-unit quadplex with two 1-bedroom and two townhouse-style 3-bedroom units, each with separate gas and electric utilities.
Property Size2,987 SF
Price / SF$376.63
Days on Market95
Property Features for 39-41 Bridges St
General Information
Standard status
Active
Size
2,987 SF
Property subtype
Multi-Family
Additional Details
Utilities to Site
Yes
Amenities
porch
fenced backyard
Building Details
Year Built
1887
Tenancy
Multi
Listing Agency:
Ford Properties
Listed By:
Dennis B. Ford
(978) 501-2632
Source:
Livianhomesct
Added: Jul 30
Changed: Oct 25
Last Checked: Oct 7 at 3:12PM
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 Ford Properties
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Investment Insights
Based on property information with market context.
This well-maintained quadplex contains 2,987 sq ft of living area and offers two 1-bedroom units and two townhouse-style 3-bedroom/2-bath units. Each unit has separate gas and electric utilities, and tenant-at-will occupancy is in place for flexibility.
Unit 41 #1 has been completely gut-renovated and is ready for immediate move-in. The remaining units are described as in good condition, with gas heat and practical layouts.
Built in 1887, the exterior features vinyl siding, a porch, and gutters, along with a large fenced backyard that may support value-add opportunities and potential additional off-street parking. BikeScore is 19 (Somewhat Bikeable), WalkScore is 25 (Car-Dependent), and transitScore is 38 (Some Transit).
Unit 41 #1 has been completely gut-renovated and is ready for immediate move-in. The remaining units are described as in good condition, with gas heat and practical layouts.
Built in 1887, the exterior features vinyl siding, a porch, and gutters, along with a large fenced backyard that may support value-add opportunities and potential additional off-street parking. BikeScore is 19 (Somewhat Bikeable), WalkScore is 25 (Car-Dependent), and transitScore is 38 (Some Transit).
Key Highlights
- 2,987 sq ft quadplex with two 1‑bedroom units and two townhouse‑style 3‑bedroom/2‑bath units
- Unit 41 #1 is completely gut‑renovated and ready for immediate move‑in
- Separate gas and electric utilities for each unit with tenant‑at‑will occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,206
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,264,120
$1.3M
Cap Rate 7%
$902,943
$902.9K
Cap Rate 9%
$702,289
$702.3K
Market Conditions
NOI Build-Up for 2,987 SF
Gross rent
$95.0K $31.80/SF
− Vacancy
−$4.7K −$1.57/SF
EGI
$90.3K $30.23/SF
− OpEx
−$27.1K −$9.07/SF
NOI
$63.2K $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%
$1,264,120
Cap Rate 7%
$902,943
Cap Rate 9%
$702,289
Alternative Uses
Best Use
Multifamily LT 5
$902.9K
$790.1K – $1.05M
NOI $63,206 @ 7.0% cap · market cap 5.62%
Second Best
Apartment 5plus
$849.0K
$742.9K – $990.5K
NOI $59,431 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,781 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,279
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit quadplex with two 1-bedroom and two townhouse-style 3-bedroom units, each with separate gas and electric utilities.
Where is this quadplex located?
The property is located at 39-41 Bridges St Framingham, MA.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: 2,987 sq ft quadplex with two 1‑bedroom units and two townhouse‑style 3‑bedroom/2‑bath units; Unit 41 #1 is completely gut‑renovated and ready for immediate move‑in; Separate gas and electric utilities for each unit with tenant‑at‑will occupancy
