Active
2 Days on market
62-64 Pearl St. Framingham — Photo 1 of 35

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

$945,000

62-64 Pearl St., Framingham, MA 01702

Framingham, MA 01702

Investor Analysis

Beds

7

Baths

4

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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$279/sqft
Local Avg (Framingham)$351/sqft
21% BelowMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Framingham, MA.

Property Details

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

Population

39,789

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$82K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

65.5%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Middlesex County

2,698 housing units permitted in the last 12 months (+3% vs the prior 12 months) — 1,713 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

Listing Provided By

Listing Agent: Elizabeth Bain

Listing Office: Commonwealth Standard Realty Advisors

MLS® Number: 73581608

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