What is the estimated cap rate for 62-64 Pearl St., Framingham, MA 01702?

Based on rent reported on the MLS listing, 62-64 Pearl St., Framingham, MA 01702 (3 units) has an estimated 6.11% cap rate at its $945,000 list price, assuming $7,500/mo gross rent, 5% vacancy, 20% operating expenses, property taxes. These are estimates, not investment advice.

What is the estimated rent for 62-64 Pearl St., Framingham, MA 01702?

The MLS listing reports about $7,500/month in total rent for a 3-unit multi-family in 01702. That is in-place rent from the current leases, which can sit below market on a long-held property.

Active

2 Days on market

62-64 Pearl St. Framingham — Photo 1 of 35

$945,000

Investment Analysis — 62-64 Pearl St.

Framingham, MA 01702

Based on rent reported on the MLS listing, a 3-unit multi-family in 01702 carries $7,500/mo in gross rent — about a 6.11% cap rate and $57,764/yr in estimated NOI at the $945,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

3,384

Style

3 Family

Built

1890

Calling all investors! 3-family offers a ~7% cap rate and $7500/month in gross rent roll. Building to convey with all tenants in place. All tenants long-term, 1st + 2nd floor have leases in place, 3rd floor is TAW. Recent upgrades include hot water tanks from 2017, 2022 and 2024. 1st floor kitchen and bathroom were redone ~ 6 years ago, a second bathroom was added in 2017. #2 stove is 4 years old and bathroom was done about 6 years ago. This is a great property to add to your portfolio with the potential for additional value add improvements. Superb location near downtown Framingham and commuter rail.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Financials

Original Price$945,000

Annual Taxes$10,636.08

Parking

Garage0

Off-Street6

Interior Specifications

Total Rooms14

FireplacesNone

FlooringTile, Laminate

BasementFull, Unfinished

Climate & Utilities

HeatingNatural Gas

Cooling--

WaterPublic

SewerPublic Sewer

Building & Exterior

Construction--

Roof--

FoundationStone

Zoning3-fam

Property & Lot

Acres0.13

SqFt Lot5,506

Lot Features--

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Highway Access • House of Worship

Geography

Listing Provided By

Listing Agent: Elizabeth Bain

Listing Office: Commonwealth Standard Realty Advisors

MLS® Number: 73581608