693 Concord St Framingham, MA 01702
Estimated payment $7,813/month
Highlights
- Medical Services
- Corner Lot
- Shops
- Property is near public transit
- Jogging Path
About This Home
High-demand 6-family investment in a prime Framingham location! This fully rented property delivers strong, reliable cash flow. Each unit features tasteful updates, including kitchens, bathrooms, and flooring, offering comfort and appeal for tenants. Ample off-street parking adds convenience and value. Turnkey opportunity for investors seeking a solid income-producing property in a sought-after MetroWest neighborhood with easy access to shopping, dining, schools, and transit. Combines consistent income with location-driven growth potential—an ideal addition to any investment portfolio.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,940
Year Built
- Built in 1825
Lot Details
- 9,583 Sq Ft Lot
- Corner Lot
Home Design
- 4,010 Sq Ft Home
- Stone Foundation
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Full Bathrooms
Parking
- 14 Car Parking Spaces
- Paved Parking
- Open Parking
- Off-Street Parking
Location
- Property is near public transit
- Property is near schools
Listing and Financial Details
- Assessor Parcel Number 491166
Community Details
Overview
- 6 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
Recreation
- Jogging Path
Building Details
- Electric Expense $3,000
- Insurance Expense $5,924
- Water Sewer Expense $6,000
- Operating Expense $26,660
- Net Operating Income $120,540
Map
Home Values in the Area
Average Home Value in this Area
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 | -- | $821,100 | $219,100 | $602,000 |
| 2024 | -- | $739,900 | $196,300 | $543,600 |
| 2023 | $0 | $670,200 | $175,900 | $494,300 |
| 2022 | $0 | $654,000 | $159,700 | $494,300 |
| 2021 | $0 | $621,000 | $153,600 | $467,400 |
| 2020 | $0 | $582,800 | $133,600 | $449,200 |
| 2019 | $0 | $543,500 | $129,700 | $413,800 |
| 2018 | $0 | $464,800 | $122,800 | $342,000 |
| 2017 | -- | $436,900 | $119,300 | $317,600 |
| 2016 | -- | $369,700 | $115,600 | $254,100 |
| 2015 | -- | $369,700 | $115,600 | $254,100 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/21/2025 10/21/25 | For Sale | $1,300,000 | -- | $324 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $1,000,000 | None Available | |
| Quit Claim Deed | $1,000,000 | None Available | |
| Deed | $225,000 | -- | |
| Deed | $225,000 | -- | |
| Deed | $225,000 | -- | |
| Deed | $350,000 | -- | |
| Deed | $350,000 | -- |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73446208
APN: FRAM-000102-000002-009952
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