NOT LISTED FOR SALE

46 Main St Framingham, MA 01702

4 Beds
4 Baths
3,023 Sq Ft
9,932 Sq Ft Lot

Last Sold December 09, 2024

Last sale price $765,000 $253 Per Sq Ft

25 Days on Market

Highlights

  • Medical Services
  • Wood Flooring
  • Porch
  • Property is near public transit and schools
  • Tennis Courts
  • Bathtub with Shower

About This Home

As of December 2024

Seize your next lucrative investment opportunity right next to Framingham State University! This prime location offers a fully leased, 4-unit building with unbeatable convenience and 7 off-street parking spaces. The first floor features two charming one-bedroom units, while the upper level boasts a spacious two-bedroom and a freshly updated, cozy studio. Three units have separate meters for gas and electric, with heat included in the rent—ideal for savvy investors. The studio's rent even covers all utilities! Plus, there's a coin-operated laundry in the basement for added tenant convenience. Showings are limited and by appointment only, so book early and don’t miss out on this gem!

Last Agent to Sell the Property

Alison Corton

ERA Key Realty Services- Fram Listed on: 09/26/2024

ERA Key Realty Services- Fram

Last Buyer's Agent

Siobhan O Connell

Gelineau & Associates, R.E.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,313

Year Built

  • Built in 1817

Lot Details

  • 9,932

Home Design

  • Quadruplex
  • Stone Foundation
  • Shingle Roof

Interior Spaces

  • 3,023 Sq Ft Home
  • Living Room
  • Wood Flooring
  • Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 7 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Utilities

  • Central Heating
  • Heating System Uses Natural Gas
  • Heating System Uses Steam

Additional Features

  • Porch
  • 9,932 Sq Ft Lot
  • Property is near public transit and schools

Listing and Financial Details

  • Total Actual Rent $4,350
  • Rent includes unit 1(heat), unit 2(heat), unit 3(heat), unit 4(heat electric hot water)
  • Assessor Parcel Number M:100 B:43 L:7516 U:000,494429

Community Details

Overview

  • 4 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Tennis Courts
  • Park

Building Details

  • Electric Expense $950
  • Insurance Expense $5,800
  • Water Sewer Expense $1,700
  • Operating Expense $13,000
  • Net Operating Income $44,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,313

Year Built

Built in 1817

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family - 4 Units Up/Down
  • Year Built: 1817
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Renovated Since
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Hardwood
  • Interior Amenities: Bathroom With Tub & Shower, Living Room, Kitchen
  • Fireplace YN: No
  • Appliances: Washer, Dryer, Range, Refrigerator
  • Total Bedrooms: 4
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Basement: Full, Interior Entry, Unfinished
  • Living Area: 3023
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: K95310
  • MAIN SO: AN0836

Exterior Features

  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 7

Utilities

  • Sewer: Public Sewer
  • Heating: Central, Steam, Natural Gas
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 1
  • Hot Water: Electric

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, University
  • Rent Includes: Unit 1(Heat), Unit 2(Heat), Unit 3(Heat), Unit 4(Heat,Electric,Hot Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 1700

Lot Info

  • Parcel Number: M:100 B:43 L:7516 U:000,494429
  • Zoning: R-1
  • Farm Land Area Units: Square Feet
  • Lot Features: Easements
  • Lot Size Acres: 0.23
  • Lot Size Sq Ft: 9932
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 10313

Multi Family

  • Electric Expense: 950
  • Insurance Expense: 5800
  • Net Operating Income: 44600
  • Number Of Units Total: 4
  • Operating Expense: 13000
  • Total Actual Rent: 4350
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 2

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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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 Prior Sale
12/09/2024 12/09/24 Sold $765,000 -1.9% $253 / Sq Ft
10/21/2024 10/21/24 Pending -- -- --
10/08/2024 10/08/24 Price Changed $779,897 -2.5% $258 / Sq Ft
09/26/2024 09/26/24 For Sale $799,897 +90.5% $265 / Sq Ft
07/25/2014 07/25/14 Sold $420,000 -2.3% $133 / Sq Ft View Prior Sale
06/25/2014 06/25/14 Pending -- -- --
05/28/2014 05/28/14 For Sale $429,900 +19.4% $136 / Sq Ft
03/12/2012 03/12/12 Sold $360,000 -8.9% $114 / Sq Ft View Prior Sale
02/11/2012 02/11/12 Pending -- -- --
12/02/2011 12/02/11 For Sale $395,000 -- $125 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,772 $818,400 $261,000 $557,400
2024 $10,313 $827,700 $233,000 $594,700
2023 $8,810 $673,000 $208,000 $465,000
2022 $8,210 $597,500 $188,700 $408,800
2021 $7,975 $567,600 $181,400 $386,200
2020 $7,688 $513,200 $164,900 $348,300
2019 $7,341 $477,300 $164,900 $312,400
2018 $7,124 $436,500 $158,700 $277,800
2017 $6,361 $380,700 $154,100 $226,600
2016 $6,617 $380,700 $154,100 $226,600
2015 $6,421 $360,300 $154,300 $206,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73295131

MLS Property Information Network (MLS PIN)