Side-by-Side Duplex with Private
427-429 Concord, Framingham, MA 01702
For Sale
New
$937,799
Both homes have three bedrooms, one-and-a-half baths, and basement space.
Property Size1,917 SF
Price / SF$394.86
Days on Market5
Property Features for 427-429 Concord
General Information
Standard status
Size
Property subtype
Lease Term
Site & Location
Highway Access
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Amenities
individual porches
fenced backyard
basement
laundry
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Keller Williams Boston MetroWest
(508) 877-6500
Listed By:
Alfredo Iannarilli
(617) 596-6564
Source:
Iverty
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:47PM
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 Keller Williams Boston MetroWest
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Investment Insights
Based on property information with market context.
Built in 1917, this side-by-side duplex contains two multilevel residences, each with three bedrooms, one-and-a-half bathrooms, an eat-in kitchen, and a basement with laundry and flexible-use space. Separate entrances, hardwood floors, and individual porches distinguish the units. The property also includes a fenced backyard, driveway parking for up to 10 cars, and a two-car garage. Utilities for gas and electricity are separately metered. Improvements include a new roof, chimney repointing, refinished hardwood floors, and fresh paint on interior and exterior eaves; the garage has updated doors, siding, and roofing.
The property is near a playground, shopping centers, restaurants, and a medical facility. Route 9, the Massachusetts Turnpike, and the Framingham and West Natick commuter rail stations are among the listed transportation connections.
The property is near a playground, shopping centers, restaurants, and a medical facility. Route 9, the Massachusetts Turnpike, and the Framingham and West Natick commuter rail stations are among the listed transportation connections.
Key Highlights
- Two side‑by‑side residences, each with 3 bedrooms and 1.5 bathrooms
- Separate gas and electric utilities for the two units
- Driveway parking for up to 10 cars and a 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,256
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,005,120
$1.0M
Cap Rate 7%
$717,943
$717.9K
Cap Rate 9%
$558,400
$558.4K
Market Conditions
NOI Build-Up for 2,375 SF
Gross rent
$75.5K $31.80/SF
− Vacancy
−$3.7K −$1.57/SF
EGI
$71.8K $30.23/SF
− OpEx
−$21.5K −$9.07/SF
NOI
$50.3K $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%
$1,005,120
Cap Rate 7%
$717,943
Cap Rate 9%
$558,400
Alternative Uses
Best Use
Multifamily LT 5
$717.9K
$628.2K – $837.6K
NOI $50,256 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$675.1K
$590.7K – $787.6K
NOI $47,254 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,419 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,101
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
$563,600
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Middlesex County, MA
Properties on Market for Duplexes in Middlesex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both homes have three bedrooms, one-and-a-half baths, and basement space.
Where is this duplex located?
The property is located at 427-429 Concord Framingham, MA.
What is the asking price?
The asking price for this property is $937,799.
What are key features of this property?
This property features: Two side‑by‑side residences, each with 3 bedrooms and 1.5 bathrooms; Separate gas and electric utilities for the two units; Driveway parking for up to 10 cars and a 2‑car garage
