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Sold on 06/01/2025

40 Freeman St, Framingham, MA 01702

  • $1,190,000

    Last sold 06/01/2025 for $1.25M

  • 12

    bed

  • 4

    bath

  • 4,176

    Sqft ($299/Sqft)

Multi-family not for sale
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About 40 Freeman St

Property type Multi-family
Year built 1887
HOA fee $0/month
Lot size 7,841 Sqft
Movoto estimate
Property description
Excellent asset for investors looking for value add purchase opportunities through improvement. This large 4 family has 2 four bedroom and 2 two bedroom units with the same tenants in place for over 13 years. Rents currently are at 70% of HUD fair market values. Owner updates include 2 furnaces, 4 hot water heaters, exterior lighting, new 10 yr smoke detectors, entry porch and doors, chimney repairs and various unit improvements including flooring, bathroom fixtures etc. Great level corner lot close to downtown with plenty of offstreet parking and less than 1/2 mile from commuter rail. Close proximity to Framingham State University and the area's major businesses along the route 9 corridor. Easy access to shopping and Mass Pike.
Listed by
Listing Agent - Steve Leavey
Listing Office - Berkshire Hathaway HomeServices Commonwealth Real Estate
Source: MLS Property Information Network, Inc. mls logo
MLS#73380932 • last updated 1 year ago
Movoto checked MLS Property Information Network, Inc. for data 7 minutes ago
Overview
Cooling/AC None
Heating Forced Air, Natural Gas
Levels/Style 6, 6
MLS # 73380932
Type Residential Income
Status Pending
SubType 4 Family
SqFt 4176
Lot Size (SqFt) 7841
Lot Size (Acres) 0.18
Annual Property Tax 9994
Year Built 1887
Interior
Total # of Bathrooms 4
# Full Baths 4
Total # of Bedrooms 12
Basement Full, Unfinished
Total # of Rooms 20
Flooring Wood, Carpet
Appliances Range, Refrigerator
Interior Features Living Room, Kitchen
Exterior
Foundation Stone
Roof Shingle
Construction Frame
Parking Desc Off Street
# Parking Spaces 8
Lot Desc Corner Lot
Amenities / Utilities
Sewer Public Sewer
Water Source Public
Location
County Middlesex
Community Features Public Transportation, Shopping, Park, Golf, Medical Facility, Laundromat, Conservation Area, Highway Access, House Of Worship, Private School, Public School, T-Station, University
Zoning G
APN M:128 B:96 L:6911 U:000, 490675
Directions GPS
Multifamily Details
Rent Includes Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
Net Operating Income 56208
Operating Expense 43992
Total Actual Rent 8350
Financial Data Source Owner
Gross Income 100200
Lot/ Land Details
Road Frontage Public
$1.19M
Range: $952K-$1.42M
Last 30 days 
  • Jul 2025
    mls logo MLS # 73380932
  • Jul 21, 2025 Sold
    $1,250,000
  • May 28, 2025 Listed
    $1,250,000
  • 40 Freeman St
    $1.25M
  • —
  • 01702
    $499K -9% y/y
  • Framingham
    $695K +2% y/y
No chart available
Statistics calculated by Movoto

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4/10
Framingham High School
public Grades 9-12
Framingham School District
Source: GreatSchools.org © 2026. All rights reserved.

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The real estate listing data marked with this icon comes from the IDX program of the Massachusetts Multiple Listing Service™ system.
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith in interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
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