Overview Property Details Payment Calculator Walkability

Active Under Contract

597 Union Ave, Framingham MA 01702

$1,375,000

Estimated $3,425.39/month Calculator

Multi Family

Total Units: 5

Price Per Unit: $275,000

Total Rent: 97200/year

Estimated CAP Rate: 4.07%

9 Bedrooms

5 Full Baths

3,794 SqFt

Total Parking: 12 (2 Garage)

16,204 SqFt

This 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 high...

This home has been viewed 51 times

Last Checked: June 3rd, 2025 at 9:53am (Source: MLS PIN #73345668)

Gross Income: $97,200

Gross Expenses: $41,183

Net Income Calc: $56,017

CAP Rate: 4.07%

Annual Expenses for 597 Union Ave, Framingham MA 01702

Total Gross Expenses (Calculated)$41,183/year

APOD AvailableYes

Heating

Electricity$915

Water$9,700

Gas$9,700

Insurance$1,808

Sewer$9,700

Trash Removal$2,992

Repair & Maintenance$11,418

Management

Miscellaneous

Real Estate Tax$14,350

Annual Income & Unit Breakdown for 597 Union Ave, Framingham MA 01702

Total Gross Income (Calculated)$97,200

Unit 1

Rental Income$1,450

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

Unit 2

Rental Income$2,600

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

Unit 3

Rental Income$1,850

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

Unit 4

Rental Income$2,200

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

General Information for 597 Union Ave, Framingham MA 01702

Listing ID73345668

Property TypeMulti Family

Price$1,375,000 ($362.41/SqFt)

Style5+ Family - 5+ Units Up/down

CityFramingham

CountyMiddlesex

MLS AreaFramingham Center

Neighborhood(s)

Approximate Living Area Total3,794 SqFt

Approximate Lot Size (Acres)0.37 acres

Total Parking12 (2 Garage)

Garage Parking2 / Detached

Year Built1877

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesCorner Lot

Foundation Area777

Foundation DescriptionStone,Granite

Accessible Features

Outdoor SpaceDeck

ZoningG

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 597 Union Ave, Framingham MA 01702

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$29,847

Total Gross Income By Broker$121,800

Total Net Income By Broker$91,953

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 597 Union Ave, Framingham MA 01702

Real Estate Taxes$14,350

Tax Year2024

Assessed Value$1,151,700

Financial Data SourceOwner

Total Gross Expenses By Broker$29,847

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$121,800

BostonRealEstate.com Gross Income

Total Net Income By Broker$91,953

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.07%

Location Information for 597 Union Ave, Framingham MA 01702

Elementary SchoolHarmony Grove

Middle SchoolFuller

High SchoolFramingham

Neighborhood(s)

MLS AreaFramingham Center

Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Park, Medical Facility, Laundromat, Public Transportation, T-station, University

Contact Information for 597 Union Ave, Framingham MA 01702

Agent

Name: Robert Brown

MLS ID: BB802152

Office ID: BB9805

National Association ID: 449520041

Address: 217 Dutcher Street

City: Hopedale

State: MA

Zip: 01747

Office

Name: RE/MAX Executive Realty

MLS Office ID: BB9805

Phone: 508-435-6700

Payment Calculator

$9,668.14 per month

30 Years Fixed, 6.75% Interest

Property Taxes $1,195.83

Principal & Interest $8,472.31

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX Executive Realty

Robert Brown

Agent Phone

Office Phone

(508) 435-6700

Text Agent Call Agent Call Office

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EXIT

Active Under Contract

597 Union Ave, Framingham MA 01702

$1,375,000

Annual Expenses for 597 Union Ave, Framingham MA 01702

Annual Income & Unit Breakdown for 597 Union Ave, Framingham MA 01702

General Information for 597 Union Ave, Framingham MA 01702

Disclosures for 597 Union Ave, Framingham MA 01702

Financial Information for 597 Union Ave, Framingham MA 01702

Location Information for 597 Union Ave, Framingham MA 01702

Contact Information for 597 Union Ave, Framingham MA 01702

Agent

Office

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Exclusive Listing Agent

RE/MAX Executive Realty

Robert Brown