aka 153 Second Street 199 Beaver St 48 Unit Apartment Building For Sale Framingham, MA 01702

Property Description
The apartments located at 153 Second Street, Framingham, MA, are comprised of 48 units (6 two-bedroom, 6 one-bedroom, 36 studios) totaling 29,232 rentable square feet in a three-story garden-style building built in 1973, according to public records. Situated on a 38,768 square foot site, there is plenty of off-street parking for each unit and two and two coin-op laundry facilities in the building.
Location Description
Framingham serves as the economic and population center of the MetroWest region of Massachusetts, situated approximately 20 miles west of Boston and 20 miles east of Worcester. As the Commonwealth’s 14th largest municipality, it offers a robust mix of urban amenities and suburban stability, making it a premier destination for commercial, industrial, and residential investment.
Exceptional Connectivity: The city is a major transit node with direct access to the Massachusetts Turnpike (I-90), Route 9, and Route 30. It is also a key stop on the MBTA Framingham/Worcester Commuter Rail line, providing seamless access to downtown Boston.
Diverse Economic Base: Framingham is home to the world headquarters of major corporations, including TJX Companies and Bose Corporation. The local economy is bolstered by a strong presence in the life sciences, retail, and healthcare sectors, with Framingham Union Hospital (MetroWest Medical Center) serving as a major regional employer.
Dynamic Demographics: The city boasts a highly educated workforce, supported by its proximity to world-class institutions like Framingham State University. The area features strong median household incomes and a growing, diverse population that supports a vibrant retail landscape, including the Natick-Framingham retail corridor—one of the largest in New England.
Recent Infrastructure & Development: Ongoing municipal investments, such as the newly approved Economic Development Corporation, are focused on revitalizing the downtown core and streamlining the permitting process for new business ventures.
Zoning & Growth Potential: The city offers diverse zoning opportunities, from traditional industrial and manufacturing sites to modern co-working and artisanal production spaces, catering to a wide range of investment strategies.