Deeded Two-Family with In-Law
88 Elm Street Framingham, MA 01701
88 Elm Street, Framingham, MA, 01701
$899,900
For Sale
$899,900
Deeded as a 2-family and currently set up as a single home plus 1-bed in-law with in-unit washer/dryer.
Property Size3,640 SF
Price / SF$247.23
Days on Market86
Property Features for 88 Elm Street
General Information
- Standard status
- Active
- Size
- 3,640 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1862
Listing agency
Coldwell Banker Realty - Framingham
Listed by
Diane B. Sullivan
(978) 658-2345
Source
Wilsonwolfe
Added: Apr 27 Updated: Jul 21 at 2:13AM Checked: Jul 21 at 6:58AM
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 Coldwell Banker Realty - Framingham
Investment Insights
Based on property information with market context.
This deeded 2-family antique-style home is currently configured as a single-family residence with an attached in-law suite. The in-law unit offers 1 bedroom and 1 bathroom, plus in-unit washer/dryer, an inviting living space, and a kitchen. The main home includes 4 bedrooms, with a large primary suite, and features a renovated main kitchen with stainless steel appliances. Bedroom and bath count is supported by the listing details, including 5 bedrooms and 3.5 baths across the home, connected by a common mudroom.
Outside, the property sits on a fenced-in lot with a sundeck and pergola, and includes a 2-car garage. A partially finished lower level walkout is noted in the remarks, featuring an authentic Irish pub concept with a pool table included.
The layout is described as flexible, with the home deeded as a 2-family while operating as a single-family with in-law use, providing options for multi-generational living or rental income based on the stated configuration.
Outside, the property sits on a fenced-in lot with a sundeck and pergola, and includes a 2-car garage. A partially finished lower level walkout is noted in the remarks, featuring an authentic Irish pub concept with a pool table included.
The layout is described as flexible, with the home deeded as a 2-family while operating as a single-family with in-law use, providing options for multi-generational living or rental income based on the stated configuration.
Key Highlights
- Year built 1862 antique home with 5 bedrooms and 3.5 baths connected by a common mudroom
- Deeded as a 2‑family; currently configured as a single‑family main home plus a 1‑bed, 1‑bath in‑law unit
- Renovated main kitchen with stainless steel appliances
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 | $115.8k | $31.80 |
| − Vacancy | −$5.7k | −$1.57 |
| EGI | $110.0k | $30.23 |
| − OpEx | −$33.0k | −$9.07 |
| NOI | $77.0k | $21.16 |
3,640 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$962.8K – $1.28M
NOI $77,024 @ 7.0% cap · market cap 8.56%
Second Best
Apartment 5plus
$1.03M
$905.3K – $1.21M
NOI $72,424 @ 7.0% cap · market cap 8.05%
Theoretical Best
Office A
$2.15M
$1.89M – $2.51M
NOI $150,841 @ 7.0% cap · market cap 16.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Deeded as a 2-family and currently set up as a single home plus 1-bed in-law with in-unit washer/dryer.
Where is this duplex located?
The property is located at 88 Elm Street Framingham, MA.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Year built 1862 antique home with 5 bedrooms and 3.5 baths connected by a common mudroom; Deeded as a 2‑family; currently configured as a single‑family main home plus a 1‑bed, 1‑bath in‑law unit; Renovated main kitchen with stainless steel appliances
