$645,000
●
Multifamily -
Off Market
16 Eames St
Framingham, MA 01702
6 Beds
3 Baths
2,831 Ft²
$817,479
RealtyHop Estimate
25.77%
Since Feb 1, 2021
MA-Boston
Primary Model
About This Property
This three unit Victorian style multi family home is located on a
corner lot in a convenient area of Framingham. All units are in
good shape and the property has separate utilities, making it a
turn-key investment or successful owner/occupant property. The
property includes a one car garage and 2 off street parking spaces.
Just 1/2 mile from the Framingham commuter rail station and
downtown, this home is convenient to shops and restaurants. Unit 1
and 2 are vacant and Unit 3 is on a lease until 8/31/21.
Unit Size
2,831 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$230
Property Type
Multifamily
Property Taxes
$689
HOA Dues
-
Year Built
1867
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 years ago (MLSPIN #72736167)
Price History
Property Highlights
Parking Available
Parking Details
Has Garage
Parking Features: Paved Drive, Off Street, Tandem
Garage Spaces: 1
Interior Details
Full Bathrooms: 3
Interior Features: Unit 1 Rooms(Living Room, Kitchen, Office/Den), Unit 2 Rooms(Living Room, Kitchen), Unit 3 Rooms(Living Room, Kitchen, Office/Den)
Appliances: Washer, Dryer, Unit 1(Range, Refrigerator), Unit 2(Range, Refrigerator), Unit 3(Range, Refrigerator), Gas Water Heater
Rooms: 14
Basement: Full, Interior Entry, Bulkhead, Unfinished
Exterior Details
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: 3 Family
Stories (Total): 5
Building Area Units: Square Feet
Patio and Porch Features: Porch
Lead Paint: Unknown
Lot Features: Corner Lot
Lot Size Area: 0.14
Lot Size Units: Acres
Lot Size Acres: 0.14
Zoning: G
Parcel Number: M:135 B:84 L:7097 U:000, 489683
Water Source: Public
Financial Details
Tax Assessed Value: $551,900
Tax Annual Amount: $8,267
Utilities Details
Heating Type: Unit 1(Hot Water Baseboard, Gas), Unit 2(Hot Water Baseboard, Gas), Unit 3(Gas)
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/01/2020
| |
6 Bed
|
3 Bath
|
2831 ft²
|
$650,000
6 Bed
3 Bath
2831 ft²
|
$645,000
-0.77%
01/05/2021
|
Amy Fridhi
ERA Key Realty Services
|
|
08/30/2018
| |
6 Bed
|
3 Bath
|
2834 ft²
|
$569,900
6 Bed
3 Bath
2834 ft²
|
$575,000
+0.89%
10/19/2018
|
Steve Leavey
Century 21 Commonwealth
|
|
01/15/2011
| |
7 Bed
|
3 Bath
|
2811 ft²
|
$449,900
7 Bed
3 Bath
2811 ft²
|
$360,000
-19.98%
04/25/2011
|
Maria Salomao-Schmidt
Brick House Realty
|
|
11/02/2009
| |
7 Bed
|
3 Bath
|
2811 ft²
|
$449,900
7 Bed
3 Bath
2811 ft²
|
-
-
|
Maria Salomao-Schmidt
Brick House Realty
|
|
11/01/2007
| |
7 Bed
|
3 Bath
|
2811 ft²
|
$199,900
7 Bed
3 Bath
2811 ft²
|
$199,000
-0.45%
07/11/2008
|
Michael Powers
Today Real Estate, Inc.
|
|
09/19/2004
| |
7 Bed
|
3 Bath
|
2811 ft²
|
$419,900
7 Bed
3 Bath
2811 ft²
|
$415,000
-1.17%
01/07/2005
|
Richard Peterson
EVO Real Estate Group, LLC
|
|
03/02/1996
| |
7 Bed
|
-
|
-
|
$144,900
7 Bed
-
|
$130,000
-10.28%
07/29/1996
|
Alan Turetsky
Realty Executives Boston West
|
Building Info
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