Active
20 Days on market
289-291 Providence Rd Grafton — Photo 1 of 19

289-291 Providence Rd Grafton — Photo 1 of 19

$1,900,000

289-291 Providence Rd, Grafton, MA 01560

Grafton, MA 01560

Beds

12

Baths

8

SqFt

4,428

Style

5-9 Family

Built

1910

Exceptional 8-Unit Multifamily Investment Opportunity – Grafton, MARare opportunity to own two multifamily buildings located at 289–291 Providence Road, Grafton, MA, offering a total of 8 residential units. The property consists of four 2-bedroom, 1-bath units and four 1-bedroom, 1-bath units, providing a desirable mix of unit types with strong rental demand.The property generates $15,700 per month in rental income ($188,400 annually) with annual operating expenses of approximately $35,262, resulting in an attractive 8% cap rate. Each apartment is separately metered, with tenants responsible for their own gas and electricity, helping minimize owner operating expenses and maximize cash flow.This well-performing investment offers stable income with additional upside through future rent increases and property improvements. Conveniently located with easy access to major highways, shopping, restaurants, schools, and area amenities, this property is an excellent opportunity for investors seeking immediate cash flow and long-term appreciation.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$429/sqft
Local Avg (Grafton)$312/sqft
38% AboveMarket Average

* Analysis is based on 20 actively listed and recently sold comparable properties strictly within Grafton, MA.

Property Details

Financials

Original Price$1,900,000
Annual Taxes$12,262

Parking

Garage0
Off-Street12

Interior Specifications

Total Rooms28
FireplacesNone
FlooringWood, Tile, Vinyl
BasementUnfinished

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningRMF

Property & Lot

Acres0.66
SqFt Lot28,575
Lot Features--

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Golf • Medical Facility • Laundromat

Geography

Population

4,984

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$107K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

38.3%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Worcester County

1,806 housing units permitted in the last 12 months (-4% vs the prior 12 months) — 1,006 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Sam Takla

Listing Office: Coldwell Banker Realty - Framingham

MLS® Number: 73566460

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