Renovated Multifamily
62-66 Cedar Street Framingham, MA 01702
62-66 Cedar Street, Framingham, MA, 01702
$1,100,000
For Sale
$1,100,000
Recently renovated triplex with off-street parking for up to eight vehicles and outdoor space on a sizable lot.
Property Size3,347 SF
Price / SF$328.65
Days on Market59
Property Features for 62-66 Cedar Street
General Information
- Standard status
- Active
- Size
- 3,347 SF
- Property subtype
- Multi-family / 3 Family
Building Details
- Year Built
- 1900
Listing agency
Keller Williams Boston MetroWest
(508) 877-6500
Listed by
Tiandao Dong · License #9583475
(508) 877-6500
Source
Compass
Added: May 25 Updated: Jul 21 at 4:54AM Checked: Jul 21 at 4:54AM
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
Investment Insights
Based on property information with market context.
This recently renovated triplex at 62-66 Cedar Street offers a strong residential income setup with multiple units and an emphasis on updated interiors. The property includes substantial outdoor space and off-street parking for up to eight vehicles, supporting flexible day-to-day operations for residents.
Located in Framingham, the home is a few blocks from downtown and the commuter rail, offering convenient access for renters who prioritize connectivity to surrounding employment centers.
The configuration and updates are geared toward tenant-readiness, making this an attractive option for buyers seeking a turn-key residential income property with practical on-site parking and outdoor space.
Located in Framingham, the home is a few blocks from downtown and the commuter rail, offering convenient access for renters who prioritize connectivity to surrounding employment centers.
The configuration and updates are geared toward tenant-readiness, making this an attractive option for buyers seeking a turn-key residential income property with practical on-site parking and outdoor space.
Key Highlights
- Recently renovated triplex at 62‑66 Cedar St with 3,347 SF of living space
- Set on a 6,970 SF lot with outdoor space plus off‑street parking for up to 8 vehicles
- 4 total bathrooms (4 full baths) with remodeled interior, upgraded cabinets, and upgraded countertops
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $106.4k | $31.80 |
| − Vacancy | −$5.3k | −$1.57 |
| EGI | $101.2k | $30.23 |
| − OpEx | −$30.4k | −$9.07 |
| NOI | $70.8k | $21.16 |
3,347 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$885.3K – $1.18M
NOI $70,824 @ 7.0% cap · market cap 6.44%
Second Best
Apartment 5plus
$951.3K
$832.4K – $1.11M
NOI $66,594 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,699 @ 7.0% cap · market cap 12.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Recently renovated triplex with off-street parking for up to eight vehicles and outdoor space on a sizable lot.
Where is this triplex located?
The property is located at 62-66 Cedar Street Framingham, MA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Recently renovated triplex at 62‑66 Cedar St with 3,347 SF of living space; Set on a 6,970 SF lot with outdoor space plus off‑street parking for up to 8 vehicles; 4 total bathrooms (4 full baths) with remodeled interior, upgraded cabinets, and upgraded countertops
