$1,250,000
SOLD JUL 18, 2025

40 Freeman St Framingham, MA 01702

12 Beds
4 Baths
4,176 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$299 Per Sq Ft

4 Days on Market

Highlights

  • Golf Course Community
  • Property is near public transit
  • Corner Lot
  • Medical Services
  • Wood Flooring
  • Living Room

About This Home

As of July 2025

Excellent asset for investors looking for value add purchase opportunities through improvement. This large 4 family has 2 four bedroom and 2 two bedroom units with the same tenants in place for over 13 years. Rents currently are at 70% of HUD fair market values. Owner updates include 2 furnaces, 4 hot water heaters, exterior lighting, new 10 yr smoke detectors, entry porch and doors, chimney repairs and various unit improvements including flooring, bathroom fixtures etc. Great level corner lot close to downtown with plenty of offstreet parking and less than 1/2 mile from commuter rail. Close proximity to Framingham State University and the area's major businesses along the route 9 corridor. Easy access to shopping and Mass Pike.

Last Agent to Sell the Property

Steve Leavey

Berkshire Hathaway HomeServices Commonwealth Real Estate Listed on: 05/28/2025

Berkshire Hathaway HomeServices Commonwealth Real Estate

Last Buyer's Agent

Brendan Mitchell

eRealty Advisors, Inc.

eRealty Advisors, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,994

Year Built

  • Built in 1887

Lot Details

  • 7,841 Sq Ft Lot
  • Corner Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 4,176 Sq Ft Home
  • Living Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Range

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 4 Full Bathrooms

Parking

  • 8 Car Parking Spaces
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Total Actual Rent $8,350
  • Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
  • Assessor Parcel Number M:128 B:96 L:6911 U:000,490675

Community Details

Overview

  • 4 Units
  • Near Conservation Area
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Golf Course Community
  • Park

Building Details

  • Operating Expense $43,992
  • Net Operating Income $56,208

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,994

Year Built

Built in 1887

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family
  • Year Built: 1887
  • Levels: 6
  • Year Built Details: Approximate
  • APOD AVAILABLE: Yes
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Wood, Carpet
  • Interior Amenities: Living Room, Kitchen
  • Fireplace YN: No
  • Appliances: Range, Refrigerator
  • Total Bedrooms: 12
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Basement: Full, Unfinished
  • Above Grade Finished Sq Ft: 4176
  • Living Area: 4176
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN6527
  • MAIN SO: AN5370

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Forced Air, Natural Gas
  • Cooling Y N: No
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Golf, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:128 B:96 L:6911 U:000,490675
  • Zoning: G
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.18
  • Lot Size Sq Ft: 7841
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 9994

Multi Family

  • Net Operating Income: 56208
  • Number Of Units Total: 4
  • Operating Expense: 43992
  • Total Actual Rent: 8350
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 2
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 1

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/18/2025 07/18/25 Sold $1,250,000 0.0% $299 / Sq Ft
06/01/2025 06/01/25 Pending -- -- --
05/28/2025 05/28/25 For Sale $1,250,000 -- $299 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Steve Leavey

    Seller's Agent in 2025

    Steve Leavey

    Berkshire Hathaway HomeServices Commonwealth Real Estate

    (508) 380-9365

    2 in this area

    151 Total Sales

    Steve Leavey
    Section Image

  • B

    Buyer's Agent in 2025

    Brendan Mitchell

    eRealty Advisors, Inc.

    (508) 736-2762

    2 in this area

    17 Total Sales

    Brendan Mitchell
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73380932

MLS Property Information Network (MLS PIN)
Massachusetts Middlesex County Framingham 01702

40 Freeman St, Framingham, MA

Sold

MultiFamily

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