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You are here:
Home Massachusetts Framingham Multi-Family Homes for Sale

120 Franklin St Framingham, MA 01702

81 Days on Boston Pads
Price Reduced $300,000
38 Photos
$1,675,000
8 Unit
12 Beds
8 Baths
9606 SQFT
0.16 Acre
120 Franklin St
Framingham, MA 01702

Property Description

Exceptional opportunity to acquire a fully leased 8-unit multifamily asset featuring a desirable mix of one-bedroom and two-bedroom units. Each unit has great layout, plenty of sunlight, and all bathrooms have tubs. This is ideally located in the travel hub of Framingham with easy access to 495, rt.s 9, 126, 135, the pike and it’s only a ½ mile from the Framingham/Worcester commuter rail stop. All units are currently rented with stable TAW tenancy in place, providing immediate cash flow for investors. The property has been well-maintained and offers strong upside potential through future rent increases and value-add improvements. This property offers a great blend of location, stability, and long-term growth potential.

Property Overview

Building Information

  • Total Units: 8
  • Total Floors: 4
  • Total Bedrooms: 12
  • Total Full Baths: 8
  • Amenities: Bike Path, Conservation Area, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Public School, Public Transportation, Shopping, T-Station, Tennis Court, University, Walk/Jog Trails
  • Basement Features: Concrete Floor, Full, Interior Access, Unfinished Basement, Walk Out
  • Common Rooms: Kitchen, Living Room
  • Common Appliances: Range, Refrigerator
  • Common Heating: Extra Flue, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 133045
  • Gross Expenses: 84388
  • Net Operating Income: 85200

Utilities

  • Heat Zones: 8
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 3 Description

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

Unit 4 Description

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

Construction

  • Year Built: 1900
  • Type: 5-9 Family
  • Foundation Info: Fieldstone
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73429229
  • Last Updated: 10/31/25

Date Event Price Price/Sq Ft Source
10/31/2025Active$1,675,000$174MLSPIN
10/27/2025Price Change$1,675,000$174MLSPIN
09/19/2025Active$1,975,000$206MLSPIN
09/15/2025New$1,975,000$206MLSPIN

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Map & Resources

Lincoln Junior High School

Grades: 7-9

0.12mi

Saint Stephens School

School

0.25mi

Christa McAuliffe Regional Charter Public School

Charter School, Grades: 6-8

0.27mi

Framingham Community Charter School

Charter School

0.27mi

Marian High

Private School, Grades: 9-12

0.41mi

Framingham High School - Thayer Campus

Grades: 9-12

0.42mi

Sofa Cafe

Coffee Shop & Brazilian (Cafe)

0.2mi

Terra Brasilis

Brazilian Restaurant

0.09mi

Sam Sushi Art & Music

Brazilian & Japanese & Sushi Restaurant

0.2mi

Pho Dakao

Vietnamese Restaurant

0.22mi

Taqueria Mexico

Mexican Restaurant

0.27mi

Jack's Abby Beer Hall & Kitchen

Restaurant

0.46mi

Framingham Police Department

Police

0.1mi

MetroWest Medical Center: Framingham Union Hospital

Hospital

0.19mi

Alliance Jiu-Jitsu Framingham

Fitness Centre

0.28mi

Cedar Swamp

Municipal Park

0.46mi

Downtown Common

Municipal Park

0.22mi

Concord Square Historic District

Park

0.27mi

Learned Park

Municipal Park

0.32mi

Irving Square Historic District

Park

0.38mi

Farm Pond Park

Municipal Park

0.42mi

Marks Fine Arts Library

Library

0.12mi

Framingham Public Library

Library

0.17mi

Tedeschi Library and Information Center

Library

0.26mi

Atlantis Dental

Dentist

0.2mi

Sunoco

Gas Station

0.14mi

Santander

Bank

0.07mi

Sunoco

Convenience

0.13mi

Framingham

Framingham-Worcester

0.32mi

Seller's Representative: Colby Auger, Keller Williams Boston MetroWest
MLS ID#: 73429229

© 2025 MLS Property Information Network, Inc.. All rights reserved.

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 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.

MLS PIN data last updated at 2025-10-31 03:05:00