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165 Lockland Ave Framingham — Photo 1 of 34

165 Lockland Ave Framingham — Photo 1 of 34

$695,000

Investment Analysis — 165 Lockland Ave

Framingham, MA 01701

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01701 carries an estimated $3,640/mo in gross rent — about a 3.73% cap rate and $25,891/yr in estimated NOI at the $695,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2

SqFt

2,041

Style

Single Family

Built

1976

Move right into this beautifully updated 4-bedroom, 2-bath Gambrel Cape located in one of North Framingham's most desirable neighborhoods. Designed for comfortable living and entertaining, this home features abundant natural light, an open floor plan, a fireplace living room with gleaming hardwood floors, and a custom kitchen with light maple cabinetry, granite countertops, tile flooring, stainless steel appliances, and a gas cooking. The dining area opens seamlessly from the kitchen, while the first-floor 4th bedroom/office offers access to a relaxing, enclosed screened porch with wonderful views of the morning sunrises. Upstairs, the spacious front-to-back primary bedroom includes two large wall to wall closets and is complemented by two additional generous sized bedrooms with Ceiling fans. Updated full bathrooms on both levels feature tile, granite, and stylish fixtures. The beautifully remodeled lower-level family room offers flexible additional living space and direct walkout access to the backyard with a fire pit, making it ideal for gatherings, a playroom, or home theater. Lovely flower and vegetable gardens. Additional updates include mostly Pella replacement windows, 2015 gas forced-air heating and central air, composite side deck, and roof. Conveniently located near commuter routes, great shopping and dining close by and all that MetroWest has to offer. This is truly a very special house.

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 2,041 sq ft principal dwelling). Lot size: 11,761 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.

Open Houses

Property Details

Financials

Original Price$695,000
Annual Taxes$7,306

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms8
Fireplaces1
FlooringTile, Vinyl, Concrete, Hardwood
BasementFull, Partially Finished, Walk-Out Access, Interior Entry

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR1

Property & Lot

Acres0.27
SqFt Lot11,761
Lot FeaturesWooded

Amenities & Appliances

Gas Water Heater • Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bathroom 1
First
Living RoomDining RoomKitchen
Basement
Family Room
Main,First
Bedroom 4Bathroom 2
Living Room
Lvl First

Flooring - Hardwood

Dining Room
Lvl First

Closet/Cabinets - Custom Built, Flooring - Hardwood, Open Floorplan, Remodeled

Kitchen
Lvl First

Flooring - Stone/Ceramic Tile, Balcony / Deck, Pantry, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Cabinets - Upgraded, Deck - Exterior, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled, Stainless Steel Appliances, Gas Stove

Family Room
Lvl Basement

Closet, Flooring - Wall to Wall Carpet, Window(s) - Picture, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled

Primary Bedroom
Lvl Second

Ceiling Fan(s), Closet, Flooring - Laminate, Closet - Double

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Ceiling Fan(s), Closet, Flooring - Laminate

Bedroom 4
Lvl Main,First

Closet, Flooring - Hardwood, Exterior Access, Slider

Bathroom 1
Lvl Second

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl Main,First

Bathroom - Full, Bathroom - Tiled With Shower Stall, Closet - Linen, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Remodeled, Pocket Door

Listing Provided By

Listing Agent: Chris Petersen

Listing Office: Coldwell Banker Realty - Framingham

MLS® Number: 73585591