2 Coburn Street
Multifamily | 6 Units | $325,000/unit
Marketing description
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.
Investment highlights
ACCESS & CONNECTIVITY
2 Coburn St in Framingham offers strong access to local and regional transportation, with the Property located less than 0.5 miles from the Framingham MBTA Commuter Rail station, which serves the Framingham/ Worcester Line and provides direct service toward Boston and Worcester.
The area is also supported by MetroWest Regional Transit Authority bus service, which connects Framingham and the broader MetroWest region through multiple bus routes, commuter shuttles, and related transit options.
The Property benefits from convenient highway connectivity, with easy access to the Massachusetts Turnpike (I-90) and Route 9, both of which are key arteries for commuting throughout MetroWest and into Boston.
AREA AMENITIES & DEMAND DRIVERS
2 Coburn Street is located in the heart of Framingham, one of MetroWest Boston’s largest and most economically diverse communities, benefiting from strong apartment demand driven by the area's substantial employment base, regional connectivity, and access to higher education.
The area is anchored by a robust employment sector that includes major employers such as Framingham Union Hospital, a member of Mass General Brigham, Framingham State University, TJX Companies’ corporate headquarters, Bose Corporation, Sanofi, and numerous technology, life sciences, and professional services firms located throughout the MetroWest region.
The city's vibrant downtown district continues to attract investment through transit-oriented development, new residential projects, local restaurants, breweries, and cultural venues.
FRAMINGHAM STATE UNIVERSITY
2 Coburn Street benefits from its close proximity to Framingham State University, a major educational institution with an enrollment of approximately 4,000 undergraduate and graduate students. Located less than a mile from campus, the property is well-positioned to capture housing demand generated by students, faculty, staff, and university-affiliated professionals seeking off-campus rental options.
In addition to supporting a stable renter base, the university serves as a significant local employer and economic driver, contributing to year-round residential demand in the surrounding neighborhood.
SEPARATELY METERED UTILITIES
Tenants are responsible for gas-powered heat & hot water, as well as separately metered electricity, which they pay directly. The Landlord is responsible for providing city water & sewer, which they pay directly.
OFF-STREET PARKING
The Property features ample parking with three (3) tandem spaces, two (2) surface spaces, and one (1) garage stall.
STRONG RENTAL DEMOGRAPHICS & DEMAND
More than 17,100 people live within 1 mile of the Property with an average household income of $130,974. Over 78,500 people reside within 3 miles of the Property with an average household income of $150,815.
QUALITY OF LIFE AMENITIES
The Property is located near Downtown Framingham’s growing restaurant scene, which includes local favorites such as Jack’s Abby Craft Lagers, The Oregon Club, Bourbon’s Kitchen & Cocktails, and Casa del Rancho, while national casual dining options including Chili’s, Olive Garden, and LongHorn Steakhouse are located along the nearby Route 9 corridor.
Everyday dining needs are served by numerous quick-service and national chain operators including Starbucks, Dunkin’, Chipotle, Panera Bread, McDonald’s, Chick-fil-A, Wendy’s, and Jersey Mike’s, all within a short drive of the property.
Retail amenities are equally robust, anchored by the nearby Natick Mall and Shoppers World, two of the region’s premier shopping destinations featuring retailers such as Macy’s, Nordstrom, Apple, Target, Best Buy, TJ Maxx, and numerous specialty stores and restaurants.
Residents have easy access to Cochituate State Park and Lake Cochituate, which offer boating, fishing, kayaking, swimming, and miles of scenic trails. Additional recreational amenities include Farm Pond Park, Cushing Memorial Park, and Callahan State Park, one of the region’s largest conservation areas with extensive hiking and biking trails.
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