62-64 Pearl St., Framingham, MA 01702
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$945,000
3 Unit
7 Beds
4 Baths
3384 SQFT
0.13 Acre

Property Description

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.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 7
  • Total Full Baths: 4
  • Amenities: Highway Access, House of Worship, Park, Public School, Public Transportation, Shopping, T-Station, University, Walk/Jog Trails
  • Basement Features: Full, Unfinished Basement
  • Common Interior Features: Tile Floor
  • Common Heating: Extra Flue, Gas, Heat Pump

Financial

  • APOD Available: Yes
  • Gross Operating Income: 90000
  • Gross Expenses: 10500
  • Water/Sewer: 6800
  • INSC: 3700
  • Net Operating Income: 90000

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1890
  • Type: 3 Family
  • Foundation Info: Fieldstone
  • Flooring Type: Laminate, Tile
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73581608
  • Last Updated: 09/28/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/28/2026Active$945,000$279MLSPIN
09/23/2026New$945,000$279MLSPIN

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Seller's Representative: Elizabeth Bain, Commonwealth Standard Realty Advisors
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-09-28 03:05:00

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