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2 Coburn St 6 Unit Apartment Building $2,769,410 CAD ($461,568 CAD/Unit) 6.29% Cap Rate Framingham, MA 01702



Investment Highlights
- Access & Connectivity
- Framingham State University
- Off-Street Parking
- Area Amenities & Demand Drivers
- Separately Metered Utilities
- Strong Rental Demographics & Demand
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 2 Coburn Street in Framingham, MA (the “Property”). The three-story building contains five (5) 3-Bedroom/1-Bathroom units and one (1) ADA accessible 2-Bedroom/1- Bathroom unit with 7,008 square feet of gross living area in 9,472 square feet of gross area. The Property is situated upon a 0.14-acre corner parcel and features ample parking with three (3) tandem off-street parking spaces, two (2) surface spaces, and one (1) garage stall. The Property was completely renovated and received a new certificate of occupancy in 2019, with interior and exterior renovation consisting of all new roofing, siding, windows, a mix of hardwood and luxury vinyl plank flooring, updated kitchens with stainless steel appliances and fixtures, updated bathrooms, sprinkler system and fire alarm panel, individual gas-fired Navien Combi-Boilers for heat & hot water, individual electric meters, intercom system, and coin operated laundry in the basement. 2 Coburn Street is strategically located in the heart of Framingham, offering residents convenient access to the city’s downtown district, major retail corridors, and a wide range of employment centers throughout MetroWest Boston. The Property benefits from excellent regional connectivity via Route 9, Route 30, Massachusetts Turnpike (Interstate 90), and Interstate 495, providing direct access to Boston, Worcester, and the broader Greater Boston region.
Property Facts
| Price | $2,769,410 CAD | Building Class | C |
| Price Per Unit | $461,568 CAD | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 9,472 SF |
| Cap Rate | 6.29% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1890/2019 |
| Property Subtype | Apartment | ||
| Zoning | M-1 | ||
| Price | $2,769,410 CAD |
| Price Per Unit | $461,568 CAD |
| Sale Type | Investment |
| Cap Rate | 6.29% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 9,472 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1890/2019 |
| Zoning | M-1 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | FRAM-000140-000063-005967 | Improvements Assessment | $2,683,629 CAD |
| Land Assessment | $284,894 CAD | Total Assessment | $2,968,523 CAD |
Property Taxes
Parcel Number
FRAM-000140-000063-005967
Land Assessment
$284,894 CAD
Improvements Assessment
$2,683,629 CAD
Total Assessment
$2,968,523 CAD
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2 Coburn St
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