TREMENDOUS INVESTMENT OPPORTUNITY! This is a large, well maintained two-family home with many updates! The first-floor kitchen has been renovated and both units have a large pantry for additional storage. Ceiling fans in living rooms, dining rooms and all bedrooms in both units. Each unit has an alcove which can be used as an office or study area and a three-season porch plus plenty of off-street parking. The second-floor unit has a full walk-up attic. Most rooms have hardwood flooring and the windows have been replaced with energy efficient vinyl windows. All separate utilities with two warm air heating systems fueled by natural gas, two updated electric service panels and two separate hot water tanks (one new) fueled by natural gas. In the basement is a washer and dryer hook-up for each unit plus additional storage. Both units have Letters of Lead Compliance. Close to commuter rail, highways, schools, university, parks, restaurants, and shopping.
Sale Statistics
Sale Overview
Original List Price:$725,000
Final Sale Price:$790,000
Difference:
+$65,000 (+9.0%)
Performance Metrics
109.0%
List to Sale Ratio
Sold above asking price
15
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:$332
Sale $/sq ft:$362
This property sold for $362 per square foot
Sale Summary
This property sold for 9.0% above the original asking price, indicating strong buyer demand.
With only 15 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Property Type
Multi Family
Property Category
Residential Income
Year Built
1927
Bedrooms
4
Full Bathrooms
2
Living Area
2,184 sq ft
Total Rooms
10
Stories
2
Levels
2
Interior Features
Flooring
Tile, Vinyl, Hardwood, Stone/Ceramic Tile
Heating
Forced Air, Natural Gas, Individual
Has Heating
Yes
Cooling
None
Has Cooling
No
Has Fireplace
No
Appliances
Range, Dishwasher, Microwave, Refrigerator
Interior Features
Ceiling Fan(s), Pantry, Lead Certification Available, Storage, Bathroom With Tub, Remodeled, Walk-Up Attic, Living Room, Dining Room, Kitchen, Sunroom
Laundry Features
Electric Dryer Hookup, Washer Hookup
Basement Details
Full, Interior Entry, Unfinished
Exterior & Structure
Construction Materials
Frame
Roof
Shingle
Foundation
Block
Exterior Features
Rain Gutters
Patio/Porch Features
Enclosed, Covered
Has Spa
No
Waterfront Features
Lake/Pond, 1 to 2 Mile To Beach, Beach Ownership(Public)
Waterfront Property
No
Lot & Land
Lot Size
0.14 acres
Lot Size
6,186 sq ft
Lot Size Area
0.1400
Lot Features
Level
Road Surface Type
Paved
Road Frontage Type
Public
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
4
Parking Features
Off Street
Utilities & Systems
Utilities Available
for Gas Range, for Electric Dryer, Washer Hookup
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers
Community & HOA
Community Features
Public Transportation, Shopping, Park, Highway Access, Public School, T-Station, University, Sidewalks
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$6,535
Tax Year
2024
Tax Assessed Value
$524,500
Zoning
R-1
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
RENTS ARE PROJECTED and each unit is occupied and has a Tenancy At Will agreement. Both rents are below market. Current rent: 1st Floor unit is paying $1, 980 per month and 2nd Floor unit is paying $1, 450 per month.
Exclusions
Tenant's Possessions. Washers And Dryers Are Owned By The Tenants.
Location
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Neighborhood
54-56 Gorman Road, Framingham MA 01702
Framingham, MA 01702
Walkability
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Schools
School information not available
Monthly Payment Calculator
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Estimated Monthly Payment$0
Payment Breakdown
Principal & Interest$0
Property Tax$545
Homeowners Insurance$200
PMI$0
Property History
Market Insights
11.6%
Price Range
16
Total Days on Market
1
Previous Sales
Property Timeline
Previous Transaction - MLS #73367693
Full transaction history available when tracking began
