700 Grove St Framingham — Photo 1 of 30
$799,000
Investment Analysis — 700 Grove St
Framingham, MA 01701
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01701 carries an estimated $3,300/mo in gross rent — about a 2.63% cap rate and $21,048/yr in estimated NOI at the $799,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
2,214
Style
Single Family
Built
1940
Quintessential Cape in North Framingham. This Immaculate and tastefully updated home is move-in ready. You will find a brand-new kitchen and appliances with a generous island to welcome guests. Offering A first-floor bedroom and full bath, plus a cozy living room and wood-burning fireplace. The dining room connects to the kitchen, creating easy flow. Upstairs, there are two bedrooms and an updated full bath with a walk-in shower and plenty of closet space. The lower level has a half bath and a finished workout area that can also serve as an office or room of your choice, with direct access outside. Enjoy fall from a beautiful, private deck overlooking the fenced backyard.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,214 sq ft principal dwelling). Lot size: 20,038 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Disposal • Refrigerator • Freezer • Washer • Dryer
Neighborhood
Park • Walk/Jog Trails • Stable(s) • Conservation Area • Private School • Public School
Geography
Listing Agent: David Ferrini
Listing Office: Coldwell Banker Realty - Sudbury
MLS® Number: 73572210
