Investing in a three-family home w/ easy access to the Boston train system is an opportunity ripe w/ potential. Not only does this location offer convenience for tenants commuting to Boston but it also promises steady rental income, a fundamental aspect of any sound investment strategy. With a total monthly rental income of $5,000, this property showcases its attractiveness as a lucrative investment avenue. The property is being conveyed w/ the tenants in place. The studio unit has a “property manager” in place, lease until 12/2024. The 1st floor one bedroom is on a lease until 2/2025 & the 2nd floor one bedroom would very much like to continue renting after being there for over 4+ years-although is a TAW. Nicely updated units w/ granite kitchens, and gas heat-all separate systems except water. Favorable attributes, investors can rest assured knowing that they are making a sound investment decision that promises both financial returns & long-term growth potential. Roof is older.
Sold for $740,000 on 12/12/24
$740,000
368 Concord St, Framingham, MA 01702
3beds
1,510sqft
3 Family
Built in 1882
-- sqft lot
$740,700 Zestimate®
$490/sqft
$3,364 Estimated rent
Home value
$740,700
$681,000 - $807,000
$3,364/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: December 16, 2024 at 12:26pm
Listed by:
Diane B. Sullivan 508-561-1618,
Coldwell Banker Realty - Framingham 508-872-0084
Bought with:
Matthew Wessels
Broad Sound Real Estate, LLC
Source: MLS PIN,MLS#: 73220204
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Crown Molding, Upgraded Countertops, Bathroom with Shower Stall, Remodeled, Walk-Up Attic, Stone/Granite/Solid Counters, Bathroom With Tub & Shower, Living Room, Kitchen
- Flooring: Tile, Hardwood, Stone/Ceramic Tile
- Doors: Insulated Doors, Storm Door(s)
- Windows: Insulated Windows, Storm Window(s)
- Basement: Full,Interior Entry,Bulkhead,Concrete
- Has fireplace: No
Interior area
- Total structure area: 1,510
- Total interior livable area: 1,510 sqft
Property
Parking
- Total spaces: 6
- Parking features: Paved Drive, Off Street, Assigned
- Uncovered spaces: 6
Features
- Exterior features: Rain Gutters
- Waterfront features: Waterfront, Pond, Direct Access, Public, Lake/Pond, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
Lot
- Size: 9,888 sqft
Details
- Additional structures: Shed(s)
- Parcel number: 490619
- Zoning: R1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family
Materials
- Frame
- Foundation: Stone
- Roof: Shingle
Condition
- Year built: 1882
Utilities & green energy
- Electric: Fuses, Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range, for Electric Dryer, Washer Hookup
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Tennis Court(s), Park, Medical Facility, Highway Access, House of Worship, Private School, Public School, T-Station, Sidewalks
Location
- Region: Framingham
HOA & financial
Other financial information
- Total actual rent: 5000
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/12/2024 | Sold | $740,000-5.1%$490/sqft |
Source: MLS PIN #73220204 | ||
| 6/21/2024 | Listed for sale | $779,900$516/sqft |
Source: MLS PIN #73220204 | ||
| 6/15/2024 | Contingent | $779,900$516/sqft |
Source: MLS PIN #73220204 | ||
| 4/23/2024 | Price change | $779,900-2.5%$516/sqft |
Source: MLS PIN #73220204 | ||
| 4/4/2024 | Listed for sale | $799,900+23.1%$530/sqft |
Source: MLS PIN #73220204 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,304 +9.9% | $695,500 +14.7% |
| 2024 | $7,553 +5.7% | $606,200 +11% |
| 2023 | $7,148 -4.8% | $546,100 0% |
Find assessor info on the county website
Neighborhood: 01702
Nearby schools
GreatSchools rating
- 3/10Miriam F Mccarthy SchoolGrades: K-5Distance: 0.5 mi
- 4/10Fuller Middle SchoolGrades: 6-8Distance: 0.6 mi
- 5/10Framingham High SchoolGrades: 9-12Distance: 2.3 mi
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Estimated market value
$740,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$740,700