597 Union Ave - Apartments FOR SALE


Framingham, MA 01702- Metro West
$1,500,000 USD
508-243-5015
597 Union Ave, Framingham, MA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/5
null | 5.44% Cap Rate

597 Union Ave
Framingham, MA 01702
Metro West


HIGHLIGHTS

  • Location, possibility of a Condo development

OVERVIEW

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 highly desirable. Two of the five units have been fully renovated. The property boasts vinyl siding, a newer roof, and updated electrical systems, including a landlord meter. All utilities are separately metered, and newer water heaters have been installed. The building consists of four two-bedroom units and one studio/one-bedroom unit, providing a diverse rental mix. Professionally managed and meticulously maintained, this is a true turn-key investment. Additionally, there is potential for redevelopment, with the possibility of constructing 9 to 12 condominium units. Don't miss this rare opportunity—schedule a showing today!

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$383 USD /SF

# OF UNITS

5

PRICE/UNIT

$300,000

CAP RATE

5.44%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1877

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,204 SF

ZONING

G

APN/PARCEL ID

FRAM-000101-000052-002880

ASK ABOUT THIS PROPERTY

Robert BrownRE/MAX, LLCMore Info
508-243-5015

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Robert BrownRE/MAX, LLCMore Info
508-243-5015

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.