199 Beaver St 48 Unit Apartment Building Offered For Sale Framingham, MA 01702

153 2nd Street / 199 Beaver Street is a 48-unit multifamily investment property located in Framingham, Framingham, the economic and population center of the MetroWest region. Situated approximately 20 miles west of Boston, Framingham offers a strong blend of urban amenities and suburban stability, making it one of Greater Boston’s most established and accessible multifamily investment markets.
The city benefits from exceptional regional connectivity, with direct access to the Massachusetts Turnpike (I-90), Route 9, and Route 30, as well as MBTA Commuter Rail service via the Framingham/Worcester Line, providing direct access to Downtown Boston. This transportation network supports a strong commuter-driven renter base.
Framingham also features a diverse and resilient economic foundation, anchored by major employers including TJX Companies and Bose Corporation, as well as the MetroWest Medical Center (Framingham Union Hospital). The local economy is further supported by healthcare, retail, and life sciences sectors, with additional demand generated by nearby Framingham State University.
The property consists of approximately 29,232 SF of rentable area on a 38,768 SF site and is configured as a three-story garden-style multifamily building constructed in 1973. The unit mix includes 6 two-bedroom units, 6 one-bedroom units, and 36 studio units, all situated under one roof. The property features ample off-street parking for residents and two on-site coin-operated laundry facilities.
Framingham continues to benefit from ongoing infrastructure investment and downtown revitalization initiatives, supporting long-term rental demand and property stability. With its strong commuter access, established employment base, and proven multifamily performance, the asset presents a compelling investment opportunity in a high-demand MetroWest submarket with durable income characteristics and long-term upside.