Carl Cempe
StartPoint Realty
(774) 504-2942
105 Total Sales
1 in Framingham
$730,000 Price
597 Union Ave Framingham, MA 01702
Framingham Area
9
Beds
5
Baths
3,794
Sq Ft
0.37
Acre Lot
Highlights
- Medical Services
- Deck
- Wood Flooring
- Open Floorplan
- Property is near public transit and schools
- Corner Lot
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!
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,350
Year Built
- Built in 1877
Lot Details
- 16,204 Sq Ft Lot
- Corner Lot
Parking
- 2 Car Garage
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
- Marble or Granite Building Materials
Interior Spaces
- 3,794 Sq Ft Home
- Open Floorplan
- Living Room
- Dirt Floor
- Washer and Dryer Hookup
Kitchen
- Range
- Dishwasher
- Upgraded Countertops
Flooring
- Wood
- Tile
- Vinyl
Bedrooms and Bathrooms
- 9 Bedrooms
- 5 Full Bathrooms
Outdoor Features
- Bulkhead
- Deck
- Rain Gutters
Location
- Property is near public transit and 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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 14, 2025
Closed on
Jul 14, 2025
Sold by
Bought by
Seller's Agent
Robert Brown
REMAX Executive Realty
Buyer's Agent
Luke Walen
Keller Williams South Watuppa
List Price
$1,500,000
Sold Price
$1,350,000
Premium/Discount to List
-$150,000
-10%
Views
40
Purchase Details
Closed on
May 12, 2020
Sold by
Bought by
Purchase Details
Listed on
Jan 16, 2018
Closed on
Mar 19, 2018
Sold by
Bought by
Seller's Agent
Nelson Zide
ERA Key Realty Services- Fram
Buyer's Agent
Paul Allen
Boston Metropolitan Realty
List Price
$449,900
Sold Price
$463,000
Premium/Discount to List
$13,100
2.91%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,000
Interest Rate
4.22%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 26, 1998
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Framingham, MA
-
Carl Cempe
-
Victoria Tran Slomiak
Victoria Tran Slomiak
Lineage Realty Group
(508) 796-8249
65 Total Sales
1 in Framingham
$300,000 Price
-
Trinity Group
Trinity Group
Responds QuicklyMega Realty Services
(351) 200-5151
70 Total Sales
1 in Framingham
$615,000 Price
-
DARSHNA PATEL
DARSHNA PATEL
RE/MAX Triumph Realty
(978) 547-7147
34 Total Sales
1 in Framingham
$761,000 Price
-
Brian Willinsky
Brian Willinsky
William Raveis R.E. & Home Services
(475) 267-5337
54 Total Sales
1 in Framingham
$635,000 Price
-
Matthias Hoffmann
Matthias Hoffmann
StartPoint Realty
(508) 665-1941
19 Total Sales
2 in Framingham
$566K - $588K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,350,000 | -- | ||
| $839,900 | None Available | ||
| $463,000 | -- | ||
| $265,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $488,000 | ||
| Previous Owner | $380,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 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 | View Prior Sale |
| 01/19/2018 01/19/18 | Pending | -- | -- | -- | |
| 01/16/2018 01/16/18 | For Sale | $449,900 | -- | $110 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $13,090 | $1,096,300 | $267,300 | $829,000 |
| 2024 | $14,350 | $1,151,700 | $238,700 | $913,000 |
| 2023 | $13,123 | $1,002,500 | $213,100 | $789,400 |
| 2022 | $12,404 | $902,800 | $193,300 | $709,500 |
| 2021 | $12,051 | $857,700 | $185,800 | $671,900 |
| 2020 | $7,303 | $487,500 | $168,900 | $318,600 |
| 2019 | $6,939 | $451,200 | $168,900 | $282,300 |
| 2018 | $8,297 | $508,400 | $162,600 | $345,800 |
| 2017 | $7,409 | $443,400 | $157,800 | $285,600 |
| 2016 | $7,706 | $443,400 | $157,800 | $285,600 |
| 2015 | $7,477 | $419,600 | $158,300 | $261,300 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Brown
Seller's Agent in 2025
Robert Brown
RE/MAX
(508) 243-5015
31 Total Sales
-
Luke Walen
Buyer's Agent in 2025
Luke Walen
Keller Williams South Watuppa
(508) 567-3468
34 Total Sales
-
Nelson Zide
Seller's Agent in 2018
Nelson Zide
ERA Key Realty Services- Fram
(508) 879-3141
133 Total Sales
-
P
Buyer's Agent in 2018
Paul Allen
Boston Metropolitan Realty
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73345668
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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