22 R Fay Road Framingham — Photo 1 of 35
$449,000
Investment Analysis — 22 R Fay Road
Framingham, MA 01702
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01702 carries an estimated $2,650/mo in gross rent — about a 4.24% cap rate and $19,035/yr in estimated NOI at the $449,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
1,113
Style
Single Family
Built
1922
Tucked back from the road and wrapped in a fully fenced yard, this hidden Framingham gem offers a private oasis you’d never expect. A wonderful condo alternative, it features easy one floor living and thoughtful updates throughout, beginning with an inviting open concept living space that showcases a 2022 kitchen and new flooring installed in 2023. The home includes two bedrooms, highlighted by a spacious primary suite with a vaulted ceiling, fireplace, and convenient loft storage above. The second bedroom—with new flooring as well, provides an ideal guest room, office, or cozy den. Outdoor living shines in the private front and back fenced yard with a charming patio perfect for relaxing or entertaining, while the oversized rear shed, equipped with electricity, offers exceptional storage or potential future expansion. If you’ve been hoping to get into Framingham or thought a condo was your only option, this unique property is one you won’t want to miss.
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: 557 sq ft (the lesser of 900 sq ft or half the 1,113 sq ft principal dwelling). Lot size: 5,227 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
Electric Water Heater • Range • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Medical Facility • Highway Access • Public School • T-Station
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstKitchen
Lvl FirstCountertops - Upgraded, Kitchen Island, Open Floorplan, Gas Stove
Primary Bedroom
Lvl FirstVaulted Ceiling(s), Walk-In Closet(s)
Bedroom 2
Lvl FirstBathroom 1
Lvl FirstListing Agent: Rachel E. Bodner
Listing Office: Coldwell Banker Realty - Sudbury
MLS® Number: 73577736