Sold for $1,500,000

$1,500,000

120 Franklin St, Framingham, MA 01702

12beds

9,606sqft

5-9 Family

Built in 1900

-- sqft lot

$-- Zestimate^®

$156/sqft

$-- Estimated rent

Home value

Not available

Estimated sales range

Not available

Zestimate^® history

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What's special

Great layoutAll bathrooms have tubsPlenty of sunlight

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 12
Bathrooms: 8
Full bathrooms: 8

Heating

Baseboard, Natural Gas

Cooling

Window Unit(s)

Appliances

Included: Range, Refrigerator

Features

Living Room, Kitchen
Basement: Full,Walk-Out Access,Interior Entry,Concrete,Unfinished
Has fireplace: No

Interior area

Total structure area: 9,606
Total interior livable area: 9,606 sqft
Finished area above ground: 9,606

Property

Parking

Total spaces: 4
Parking features: Paved Drive, Off Street, Assigned, Paved
Uncovered spaces: 4

Features

Waterfront features: Lake/Pond, 1 to 2 Mile To Beach

Lot

Size: 6,970 Square Feet
Features: Level

Details

Parcel number: 490204
Zoning: CB

Construction

Type & style

Home type: MultiFamily
Property subtype: 5-9 Family

Materials

Foundation: Stone

Condition

Year built: 1900

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Public School, T-Station, University, Sidewalks

Location

Region: Framingham

Financial & listing details

Price per square foot: $156/sqft
Tax assessed value: $1,364,700
Annual tax amount: $15,885
Date on market: 1/10/2026
Exclusions: Tenant Belongings
Total actual rent: 12900
Road surface type: Paved

Price history

Date	Event	Price
4/21/2026	Sold	$1,500,000-10.4%$156/sqft
Source: MLS PIN #73429229 Report a problem
12/12/2025	Contingent	$1,675,000$174/sqft
Source: MLS PIN #73429229 Report a problem
10/27/2025	Price change	$1,675,000-15.2%$174/sqft
Source: MLS PIN #73429229 Report a problem
9/15/2025	Listed for sale	$1,975,000$206/sqft
Source: MLS PIN #73429229 Report a problem