What is the estimated cap rate for 62-66 Cedar St, Framingham, MA 01702?

Based on rent reported on the MLS listing, 62-66 Cedar St, Framingham, MA 01702 (3 units) has an estimated 6.96% cap rate at its $1,100,000 list price, assuming $9,350/mo gross rent, 5% vacancy, 20% operating expenses, property taxes. These are estimates, not investment advice.

What is the estimated rent for 62-66 Cedar St, Framingham, MA 01702?

The MLS listing reports about $9,350/month in total rent for a 3-unit multi-family in 01702. That is in-place rent from the current leases, which can sit below market on a long-held property.

Active

108 Days on market

62-66 Cedar St Framingham — Photo 1 of 30

$1,100,000

Investment Analysis — 62-66 Cedar St

Framingham, MA 01702

Based on rent reported on the MLS listing, a 3-unit multi-family in 01702 carries $9,350/mo in gross rent — about a 6.96% cap rate and $76,543/yr in estimated NOI at the $1,100,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

3,347

Style

3 Family

Built

1900

Discover an exceptional investment opportunity at 62-66 Cedar St, with over 8.5% cap rate. Whether you are a seasoned investor or looking to house hacking into your first real estate investment, this is an opportunity you will not want to miss out on. This expansive multi-family property offers a substantial 3347 square feet of living space with recent renovations; located a few blocks from downtown and the commuter rail, this home presents a perfect blend of convenience and comfort, and easy to rent. Set on a generous 6970 square foot lot, this property offers considerable outdoor space for various uses including but not limited to off street parking for up to 8 vehicles. We invite you to stop by the open houses this Saturday(05/30) and Sunday(05/30) from 2-4 pm to fully appreciate the potential of this distinctive Framingham property.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Financials

Original Price$1,100,000

Annual Taxes$8,729

Parking

Garage0

Off-Street8

Interior Specifications

Total Rooms17

FireplacesNone

FlooringWood, Laminate, Hardwood

BasementFull, Walk-Out Access, Bulkhead, Unfinished

Climate & Utilities

HeatingOil, Natural Gas

CoolingWindow Unit(s)

WaterPublic

SewerPublic Sewer

Building & Exterior

Construction--

RoofShingle

FoundationBlock, Stone

ZoningG

Property & Lot

Acres0.16

SqFt Lot6,970

Lot Features--

Amenities & Appliances

Range • Dishwasher • Refrigerator • Freezer • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Medical Facility • Laundromat • T-Station

Geography

Listing Provided By

Listing Agent: Tiandao Dong

Listing Office: Keller Williams Boston MetroWest

MLS® Number: 73524971