Renovated-Kitchen
For Sale
$774,900
49-51 Gorman Rd., Framingham, MA 01702
Residential Income, Framingham, MA
Property Size2,232 SF
Lot Size0.13 Acres
Price / SF$347.18
Days on Market47
Property Features for 49-51 Gorman Rd.
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Res
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 1
Parking
10
High school
Framingham
Directions
Concord (126) to Gorman Rd. House is on the right.
Standard status
Active
Size
2,232 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8610
Amenities
renovated kitchens
newer baths
hardwood floors
huge windows
gas furnace
covered porch
private yard
Building Details
Year built
1924
Floors in Building
2
Number of units
2
Buildings
1
Listing Agency:
Keller Williams Realty
Listed By:
Keller Williams
(617) 969-9000
Added: Sep 17
Changed: Oct 31
Last Checked: Nov 2 at 4:06AM
MLS# 73579138
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.
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Investment Insights
Based on property information with market context.
This 2,232-square-foot duplex, built in 1924, includes two renovated kitchens, two newer bathrooms, hardwood floors, and large windows that bring natural light into the interiors. A newer gas furnace, vinyl exterior, and roof replacement completed in 2010 add to the property's practical improvements. The residence also includes a covered porch, private yard, ample off-street parking, and a detached two-car garage.
Set on 0.13 acres at 49-51 Gorman Road in Framingham, the property is near Route 9 and local amenities. Residential zoning supports its existing two-unit configuration.
Set on 0.13 acres at 49-51 Gorman Road in Framingham, the property is near Route 9 and local amenities. Residential zoning supports its existing two-unit configuration.
Key Highlights
- Two‑unit duplex with 2,232 square feet of building area
- 0.13‑acre lot in Framingham, MA
- Two renovated kitchens and two newer bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,230
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$944,600
$944.6K
Cap Rate 7%
$674,714
$674.7K
Cap Rate 9%
$524,778
$524.8K
Market Conditions
NOI Build-Up for 2,232 SF
Gross rent
$71.0K $31.80/SF
− Vacancy
−$3.5K −$1.57/SF
EGI
$67.5K $30.23/SF
− OpEx
−$20.2K −$9.07/SF
NOI
$47.2K $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%
$944,600
Cap Rate 7%
$674,714
Cap Rate 9%
$524,778
Alternative Uses
Best Use
Multifamily LT 5
$674.7K
$590.4K – $787.2K
NOI $47,230 @ 7.0% cap · market cap 6.09%
Second Best
Apartment 5plus
$634.4K
$555.1K – $740.2K
NOI $44,409 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,494 @ 7.0% cap · market cap 11.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
947
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
Frequently Asked Questions
What type of property is this?
Duplex - Two renovated kitchens, newer baths, hardwood flooring, and a detached garage support the property's two-unit residential layout.
Where is this duplex located?
The property is located at 49-51 Gorman Rd. Framingham, MA.
What is the asking price?
The asking price for this property is $774,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,232 square feet of building area; 0.13‑acre lot in Framingham, MA; Two renovated kitchens and two newer bathrooms
