3-Unit Residential
New
For Sale
$1,899,900
4 Mayhew St, Framingham, MA 01702
Three townhome-style residences offer separate living areas and kitchens within a single multifamily property.
Property Size4,413 SF
Price / SF$430.52
Days on Market6
Property Features for 4 Mayhew St
General Information
Standard status
Active
Size
4,413 SF
Total Parking Spaces
14
Property subtype
Multi-Family
Zoning
R1
Net Operating Income
$225,600
Building Details
Building Size
4,413 SF
Year Built
2026
Stories
9
Listing Agency:
Foemmel Fine Homes
Listed By:
Kim Foemmel
(508) 808-1149
Source:
Churchillprop
Added: Sep 30
Changed: Oct 4
Last Checked: Oct 4 at 7:43AM
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 Foemmel Fine Homes
Investment Insights
Based on property information with market context.
This 4,413-square-foot, newly constructed multifamily property contains three townhome-style units, with a total of 12 bedrooms and 6 bathrooms. Each residence has four bedrooms, two bathrooms, an eat-in kitchen, and an adjoining family room. Hardwood flooring runs throughout the home. Basement space includes laundry, storage, and unfinished recreation areas; two units also have primary suites with private bathrooms. The property has parking for six vehicles and is zoned R1.
The address is one block from Framingham State University. Route 9, medical centers, restaurants, and the Framingham Commuter Rail are also identified nearby.
The address is one block from Framingham State University. Route 9, medical centers, restaurants, and the Framingham Commuter Rail are also identified nearby.
Key Highlights
- Three residences totaling 12 bedrooms and 6 bathrooms
- 4,413 square feet; constructed in 2026
- Each unit has four bedrooms, two bathrooms, an eat‑in kitchen, and an adjoining family room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,381
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,867,620
$1.9M
Cap Rate 7%
$1,334,014
$1.3M
Cap Rate 9%
$1,037,567
$1.0M
Market Conditions
NOI Build-Up for 4,413 SF
Gross rent
$140.3K $31.80/SF
− Vacancy
−$6.9K −$1.57/SF
EGI
$133.4K $30.23/SF
− OpEx
−$40.0K −$9.07/SF
NOI
$93.4K $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%
$1,867,620
Cap Rate 7%
$1,334,014
Cap Rate 9%
$1,037,567
Alternative Uses
Best Use
Multifamily LT 5
$1.33M
$1.17M – $1.56M
NOI $93,381 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$1.25M
$1.10M – $1.46M
NOI $87,804 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$2.61M
$2.29M – $3.05M
NOI $182,874 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
920
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three townhome-style residences offer separate living areas and kitchens within a single multifamily property.
Where is this triplex located?
The property is located at 4 Mayhew St Framingham, MA.
What is the asking price?
The asking price for this property is $1,899,900.
What are key features of this property?
This property features: Three residences totaling 12 bedrooms and 6 bathrooms; 4,413 square feet; constructed in 2026; Each unit has four bedrooms, two bathrooms, an eat‑in kitchen, and an adjoining family room
