3 Family at 62-64 Pearl St., Framingham MA 01702
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36 photos

$945,000

62-64 Pearl St., Framingham MA 01702
Framingham, MA 01702
Listed by Elizabeth Bain
Bedrooms
7
Bathrooms
4
Living area
3,384 sqft
Year built
1890

About this home

Calling all investors! 3-family offers a ~7% cap rate and $7500/month in gross rent roll. Building to convey with all tenants in place. All tenants long-term, 1st + 2nd floor have leases in place, 3rd floor is TAW. Recent upgrades include hot water tanks from 2017, 2022 and 2024. 1st floor kitchen and bathroom were redone ~ 6 years ago, a second bathroom was added in 2017. #2 stove is 4 years old and bathroom was done about 6 years ago. This is a great property to add to your portfolio with the potential for additional value add improvements. Superb location near downtown Framingham and commuter rail.

Property details

MLS
MLS Property Information Network
MLS #
73581608
Property type
3 Family
Subdivision
N/A
Status
Active
Days on market
28
On market date
September 23, 2026
Stories
3
Total bathrooms
4
Garage spaces
N/A
Parking spaces
6
Lot size
0.13 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Barbieri Elementary
0.62 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
668
Student:teacher ratio
13.1:1
District
Framingham
Middle
Fuller Middle
0.96 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
632
Student:teacher ratio
11.3:1
District
Framingham
High
Joseph P Keefe Technical High School
0.84 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
850
Student:teacher ratio
9.8:1
District
South Middlesex Regional Vocational Technical

Walkability

Blended score for Framingham's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

87
Highly walkable
out of 100
EPA National Walkability Index
15.7 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores20
Parks20
Schools20
Transit stops14
Pharmacies2

Market position

How this listing compares to current activity in Framingham, from live MLS data.

On the market 28 days -- 73 fewer days than Framingham's current average of 101 days.
For reference, the median list price across 439 active listings in Framingham right now is $400,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$5,841/mo
$189,000 down
$756,000 loan
Principal & interest$4,903
Property tax (est.)$788
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 25 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.