
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.
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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
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
Living Room
Lvl FirstFlooring - Hardwood
Dining Room
Lvl FirstCloset/Cabinets - Custom Built, Flooring - Hardwood, Open Floorplan, Remodeled
Kitchen
Lvl FirstFlooring - 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 BasementCloset, Flooring - Wall to Wall Carpet, Window(s) - Picture, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled
Primary Bedroom
Lvl SecondCeiling Fan(s), Closet, Flooring - Laminate, Closet - Double
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCeiling Fan(s), Closet, Flooring - Laminate
Bedroom 4
Lvl Main,FirstCloset, Flooring - Hardwood, Exterior Access, Slider
Bathroom 1
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl Main,FirstBathroom - Full, Bathroom - Tiled With Shower Stall, Closet - Linen, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Remodeled, Pocket Door
Listing Agent: Chris Petersen
Listing Office: Coldwell Banker Realty - Framingham
MLS® Number: 73585591








