$10,000 Closing Credit¹
#73374752, Michael Lord, Listing Office: Capital Realty Group
$1,250,000 List price
40 Freeman St Framingham, MA 01702
$10,000
Closing credit¹
12 beds
4 full
4,176 sqft
0.2 acres
$299 / sqft
Multi-Family
Property details
About 40 Freeman St
Excellent asset for investors looking for value add purchase opportunities through improvement. This large 4 family has 2 four bedroom and 2 two bedroom units with the same tenants in place for over 13 years. Rents currently are at 70% of HUD fair market values. Owner updates include 2 furnaces, 4 hot water heaters, exterior lighting, new 10 yr smoke detectors, entry porch and doors, chimney repairs and various unit improvements including flooring, bathroom fixtures etc. Great level corner lot close to downtown with plenty of offstreet parking and less than 1/2 mile from commuter rail. Close proximity to Framingham State University and the area's major businesses along the route 9 corridor. Easy access to shopping and Mass Pike.
Highlights
Home typeMulti Family
HeatingForced Air, Natural Gas
StatusActive
(New)
(New)
Size4,176 sqft
BasementYes
Lot size0.18 Acres
Year built1887
ParkingOff Street
MLS #73380932
Summary
- Full Bathrooms: 4
- Appliances: Range, Refrigerator
- Basement: Yes
- Flooring Type: Wood, Carpet
- Interior: Living Room, Kitchen
- Total Bedroom Count: 12
- Parking: Off Street
- Heating: Forced Air, Natural Gas
- Cooling: None
- List Price: $1,250,000
- Price/SqFt: $299
- Annual Tax Amount: $11,178
- Tax Year: 2024
- Lot: Corner Lot
- Directions: GPS
- Year Built: 1887
- Stories: 6
- Living Area: 4,176 SqFt
- Lot Size: 0.18 Acres
- MLS Number: 73380932
- MLS Name: MLS Property Information Network
- Office Name: Berkshire Hathaway HomeServices Commonwealth Real Estate
- Office Phone: (508) 655-1211
- Listing Agent: Steve Leavey
Disclaimer: 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. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/30/2025, 10:20:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,250,000
40 Freeman St
$10,000
closing credit¹
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Seller rebate
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 01, 2012 | Home Sold | $373,750 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $897,100 | $11,178 |
| 2022 | $559,900 | $7,693 |
| 2021 | $531,900 | $7,473 |
| 2020 | $480,900 | $7,204 |
| 2019 | $447,300 | $6,879 |
History based on county public records data.
Nearby schools
3
Miriam F Mccarthy School
Public District KG-5
0.8 mi
•8 Flagg Dr
2
Woodrow Wilson
Public District KG-5
1.0 mi
•169 Leland St
3
Barbieri Elementary School
Public District KG-5
1.0 mi
•100 Dudley Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $35,344. Residents of Framingham, MA typically earn less than $<35k each year. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
49%
<35k
45%
35k-100k
6%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
65%
Single, No Kids
7%
Single, with Kids
14%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
9%
<11 yrs old
4%
12-17 yrs old
33%
18-34 yrs old
46%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Pro Wrestling
Soccer
Where do the neighbors shop?
Burlington
Forever 21
Express/Express For Men
Where do the neighbors go to eat?
Popeyes
Cicis Pizza
Dominos Pizza
What do the neighbors drive?
Dodge
Pontiac
Mazda
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Framingham, MA
Framingham's transport infrastructure supports both private and public transit options, with a focus on accessibility and convenience. The town is served by a network of buses that operate on a set schedule, facilitating local and regional travel. The area's walkability varies, with certain neighborhoods offering more pedestrian-friendly environments than others. Major roads and highways connect Framingham to surrounding areas, and ongoing projects aim to improve traffic flow and reduce congestion. Ride-sharing services are available, complementing the public transportation system and providing residents with a variety of commuting options.
The community benefits from a robust educational system, with multiple public and private schools catering to a range of educational needs. Healthcare services in Framingham are comprehensive, with facilities that provide a spectrum of care including primary, emergency, and specialized treatments. The town also features a network of public libraries and a variety of retail and dining options that reflect the local culture. City initiatives are in place to continually enhance these services, adapting to the evolving needs of the population.
Framingham is celebrated for its rich historical heritage and vibrant community life. The town prides itself on a blend of suburban tranquility and urban amenities, offering residents a comfortable and engaging living environment. Seasonal events and local festivals contribute to the strong sense of community, showcasing the town's cultural diversity and local talents.
Framingham offers a diverse array of housing options, with single-family homes being a significant part of the housing stock. The architectural styles in the area range from classic colonial to contemporary, reflecting the town's historical roots and modern growth. A mix of apartments and condominiums provides alternatives for those seeking a more urban living experience. The housing market is dynamic, with a homeownership rate that underscores the community's investment in residential stability.
About 40 Freeman St
This home is located at 40 Freeman St in Framingham, MA and zip code 01702. This 4,176 square foot home, which was built in 1887, sits on a 0.18 acre lot. Features: 12 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 28, 2025 and is currently priced at $1,250,000.
Framingham, MA housing market in April 2025 saw over 26 listings sold above listed price, more than 1 sold at listed price and over 10 sold below. Between March and April 2025, Framingham, MA real estate market has seen increase in the number of listings by 40.4%. In April 2025, listings were on the market for 21 days. During the same period, the median list price in this real estate market was $670,250.
From Rocket Homes Real Estate and based on county public records data.