
597 Union Ave Framingham, MA 01702
Highlights
- Medical Services
- Open Floorplan
- Property is near public transit
- Granite Flooring
- Deck
- 4-minute walk to Bowditch Field Athletic & Cultural Complex
About This Home
As of July 2025This spacious and well-maintained five-family property is ideally located near Framingham State University and the commuter rail station, offering excellent rental potential. Featuring ample off-street parking and a two-car garage, this investment is both convenient and highly desirable. Two of the five units have been fully renovated. The property boasts vinyl siding, a newer roof, and updated electrical systems, including a landlord meter. All utilities are separately metered, and newer water heaters have been installed. The building consists of four two-bedroom units and one studio/one-bedroom unit, providing a diverse rental mix. Professionally managed and meticulously maintained, this is a true turn-key investment. Additionally, there is potential for redevelopment, with the possibility of constructing 9 to 12 condominium units. Don't miss this rare opportunity—schedule a showing today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,350
Year Built
- Built in 1877
Lot Details
- 0.37 Acre Lot
- Corner Lot
Parking
- 2 Car Garage
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 3,794 Sq Ft Home
- Open Floorplan
- Living Room
- Dirt Floor
- Washer and Dryer Hookup
Kitchen
- Range
- Dishwasher
- Upgraded Countertops
Flooring
- Wood
- Granite
- Tile
- Vinyl
Bedrooms and Bathrooms
- 9 Bedrooms
- 5 Full Bathrooms
Outdoor Features
- Bulkhead
- Deck
- Rain Gutters
Location
- Property is near public transit
- Property is near schools
Schools
- Harmony Grove Elementary School
- Fuller Middle School
- Framingham High School
Utilities
- No Cooling
- 2 Cooling Zones
- Forced Air Heating System
- 5 Heating Zones
- Heating System Uses Natural Gas
Listing and Financial Details
- Total Actual Rent $10,100
- Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
- Legal Lot and Block 2880 / 52
- Assessor Parcel Number 494492
Community Details
Overview
- 5 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Park
- Jogging Path
Building Details
- Electric Expense $915
- Insurance Expense $1,808
- Water Sewer Expense $9,700
- Operating Expense $29,847
- Net Operating Income $91,953
Similar Homes in Framingham, MA
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
07/14/2025 07/14/25 | Sold | $1,350,000 | -1.8% | $356 / Sq Ft |
06/02/2025 06/02/25 | Pending | -- | -- | -- |
05/27/2025 05/27/25 | Price Changed | $1,375,000 | -1.8% | $362 / Sq Ft |
05/08/2025 05/08/25 | Price Changed | $1,400,000 | -6.7% | $369 / Sq Ft |
03/14/2025 03/14/25 | For Sale | $1,500,000 | +224.0% | $395 / Sq Ft |
03/19/2018 03/19/18 | Sold | $463,000 | +2.9% | $114 / Sq Ft |
01/19/2018 01/19/18 | Pending | -- | -- | -- |
01/16/2018 01/16/18 | For Sale | $449,900 | -- | $110 / Sq Ft |
Tax History Compared to Growth
Agents Affiliated with this Home
-
R
Seller's Agent in 2025
Robert Brown
RE/MAX
-
L
Buyer's Agent in 2025
Luke Walen
Keller Williams South Watuppa
-
N
Seller's Agent in 2018
Nelson Zide
ERA Key Realty Services- Fram
-
P
Buyer's Agent in 2018
Paul Allen
Boston Metropolitan Realty
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73345668

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