
221 Fountain St Framingham — Photo 1 of 34
$525,000
Investment Analysis — 221 Fountain St
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 3.43% cap rate and $17,986/yr in estimated NOI at the $525,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2
SqFt
1,736
Style
Single Family
Built
1961
With a brand-new 2024 roof and beautifully maintained systems throughout, this home is truly move-in ready - nothing left to do but settle in and start living your best life. Step inside to sun-filled rooms, easy flow living spaces, and updates that make everday comfort effortless. The kitchen and baths are crisp and functional, the layout supports both quiet mornings and lively gatherings, and every space feels cared for. Outside enjoy a yard that's ready for play, gardening, or relaxed evenings. This is the kind of home where buyers exhale the moment they walk in - turnkey, inviting and ready for its next chapter. This charming, quintessential New England Cape Cod style home blends timeless character with thoughtful updates for today's lifestyle. From the moment you step inside, the warmth of newer gleaming hardwood floors, recessed lighting, and oversized replacement windows creates an inviting sense of comfort that instantly feels like home. The beautifully updated kitchen boasts granite countertops , a tile backsplash, stainless appliances, preferred gas cooking, and space for a table, making it a pleasure to cook, gather, and enjoy everyday moments in a bright, welcoming setting. A sparkling first-floor refurbished full bath and a first-floor bedroom with hardwood floors and a walk-in closet offer convenience and flexibility for guests, work-from-home needs, or easy one-level living. Upstairs the expansive open-concept main suite feels like a private retreat, complete with wide pine floors, skylights, a renovated Full Bath, generous closets, and extra space perfect for reading, relaxing, or creating a cozy nook. Three new mini-spilts provide efficient heating and cooling throughout the home. The basement offers a clean, usable space with a partially finished area ideal for a gym, office, or hobbies, along with a cheerful laundry room featuring a utility sink, cabinets and counterspace making laundry easier. Outdoor living is a delight with a huge, over-sized deck, large patio, and a one-car garage with extra storage that you'll especially appreciate when New England winter arrives. The fully fenced backyard is spacious, sunny and perfect for gardening, play, or simply unwinding in privacy. With Lake Washakum, Learned Pond. a shopping mecca, endless dining and abundant recreational opportunities just minutes away, this inviting home offers exceptional convenience and a lifestyle worth experiencing in person.
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: 868 sq ft (the lesser of 900 sq ft or half the 1,736 sq ft principal dwelling). Lot size: 8,899 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 • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First16.1 x 11.2
Flooring - Hardwood, Exterior Access, Recessed Lighting
Kitchen
Lvl First11.1 x 14.6
Bathroom - Full, Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Cabinets - Upgraded, Exterior Access, Recessed Lighting, Remodeled, Stainless Steel Appliances, Gas Stove, Lighting - Pendant, Lighting - Overhead
Family Room
Lvl Basement20.1 x 21.11
Closet, Recessed Lighting
Primary Bedroom
Lvl Second29 x 21.3
Bathroom - Full, Skylight, Closet/Cabinets - Custom Built, Flooring - Wood, Lighting - Overhead
Bedroom 2
Lvl First12.6 x 11.5
Bathroom 1
Lvl First5 x 8
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Hardwood, Remodeled, Lighting - Sconce, Lighting - Overhead
Bathroom 2
Lvl Second7.3 x 9.1
Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Remodeled, Lighting - Sconce, Lighting - Overhead
Listing Agent: Debbie Chase
Listing Office: Coldwell Banker Realty - Framingham
MLS® Number: 73579608

