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597 Union Ave

Framingham, MA 01702
  • $1,500,000
  • STATUS: Active
  • MLS #: 73346748
UPDATED: 63 min ago
$1,500,000
  • 0
    BEDS
  • 0.37
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,794
    SQFT
  • $395
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1877
County:

School Ratings & Info

Listing courtesy of Robert Brown of RE/MAX Executive Realty.

Description

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 opportunityschedule a showing today!

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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. Data last updated 2025-04-27T16:04:32.14.
www.maloneypropertiesrealestate.com/homes/161548432
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597 Union Ave Framingham, MA 01702

  • Price: $1,500,000
  • Status: Active
  • On Site: Days
  • Updated: 63 min ago
  • MLS #: 73346748
0
Beds
0
Baths
0
½ Baths
0.37
Acres
3,794
SQFT
$395
$/SQFT
1877
Built
Neighborhood:
Framingham Center
County:
Middlesex
Area:
Framingham Center
Property Description
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 opportunityschedule a showing today!
Exterior Features

Parking Total 10 Roof Shingle Waterfront YN No

Interior Features

Building Area Total 3794

Property Features

Association YN No Business Type 5+ Residential Gross Income 111395 Home Warranty YN No Net Operating Income 81546 Operating Expense 29847 Senior Community YN No Tax Annual Amount 14350 Tax Year 2024 Utilities Public WaterPrivate Sewer Zoning G

Listing information © 2025 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Robert Brown of RE/MAX Executive Realty: 508-435-6700.


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. Data last updated 2025-04-27T16:04:32.14.
 
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Maloney Properties Real Estate Brokerage
27 Mica Lane 3rd Floor
Wellesley MA, 02481
Listing courtesy of Robert Brown of RE/MAX Executive Realty.