Triplex with In-Unit
For Sale
$950,000
4-6 Willis Street, Framingham, MA 01702
Three residences include a three-bedroom, two-bath unit and two one-bedroom units, each with laundry facilities.
Property Size3,132 SF
Price / SF$303.32
Days on Market58
Property Features for 4-6 Willis Street
General Information
Standard status
Active
Size
3,132 SF
Total Parking Spaces
8
Property subtype
Multi-family / 3 Family
Zoning
G
Net Operating Income
$76,948
Units
Unit Mix
1 x 3BR/2BA, 2 x 1BR
Multifamily Units
3
Individually Metered Utilities
electricity
Additional Details
Utilities to Site
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$7,802
Amenities
fireplace
deck
in-unit laundry
storage outbuildings
No
Tile, Vinyl, Carpet, Laminate
Range, Dishwasher, Refrigerator, Washer, Dryer
1
Yes
4.0
Mudroom, Living Room, Dining Room, Kitchen, Laundry Room
4
4.00
Frame
Shingle
Level
Deck
Building Details
Year Built
1974
Listing Agency:
Gibson Sotheby's International Realty
Listed By:
Michael Reece · License #9556970
(617) 332-1400
Source:
Compass
Added: Sep 6
Changed: Nov 1
Last Checked: Nov 1 at 3:30PM
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 Gibson Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This 3,132-square-foot triplex contains three residences: one with three bedrooms and two full bathrooms, plus two one-bedroom units. Each residence has in-unit laundry. The larger unit also includes a fireplace and an exterior deck, while multiple outbuildings provide storage. The building was constructed in 1974 and has one central forced-air gas heating system serving all three units, with separate electric service for each.
Situated at 4-6 Willis Street in Framingham, the property is zoned G.
Situated at 4-6 Willis Street in Framingham, the property is zoned G.
Key Highlights
- Three units: one with 3 bedrooms and 2 full baths, plus two one‑bedroom units
- 3,132 square feet; built in 1974
- In‑unit laundry in every residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,274
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,325,480
$1.3M
Cap Rate 7%
$946,771
$946.8K
Cap Rate 9%
$736,378
$736.4K
Market Conditions
NOI Build-Up for 3,132 SF
Gross rent
$99.6K $31.80/SF
− Vacancy
−$4.9K −$1.57/SF
EGI
$94.7K $30.23/SF
− OpEx
−$28.4K −$9.07/SF
NOI
$66.3K $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%
$1,325,480
Cap Rate 7%
$946,771
Cap Rate 9%
$736,378
Alternative Uses
Best Use
Multifamily LT 5
$946.8K
$828.4K – $1.10M
NOI $66,274 @ 7.0% cap · market cap 6.98%
Second Best
Apartment 5plus
$890.2K
$779.0K – $1.04M
NOI $62,316 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,789 @ 7.0% cap · market cap 13.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
538
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?
Triplex - Three residences include a three-bedroom, two-bath unit and two one-bedroom units, each with laundry facilities.
Where is this triplex located?
The property is located at 4-6 Willis Street Framingham, MA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Three units: one with 3 bedrooms and 2 full baths, plus two one‑bedroom units; 3,132 square feet; built in 1974; In‑unit laundry in every residence
