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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.

More Info

Basic Information

  • Gross Income $188,400
  • Listing Terms Contract
  • Mls StatusNew
  • Parcel Number M:0116.0 B:0000 L:0013

Tax Information

  • Tax Assessed Value $895,700
  • Tax Year 2026
  • Taxes$12,262

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Paved
  • Parking Spaces12

Rooms

  • Bathroom8
  • Bathrooms Total Decimal 8
  • Bedrooms12
  • Full Bath8

Basic Information

  • List Price$1,900,000
  • MLS Number73566460
  • Modification Date08/20/2026
  • Property SubType5-9 Family

Location

  • Address289-291 Providence Road
  • Building Number289-291
  • CountyWorcester
  • StateMA
  • StreetProvidence Road
  • TownGrafton
  • Zip01560

Building

  • BasementUnfinished
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationStone
  • Levels 5
  • Patio And Porch Features Porch
  • Rooms28
  • Stories5
  • Units8
  • Utilities For Electric Range, For Electric Dryer
  • Year Built1910
  • Year Built Details Actual
  • Year Built Source Public Records

Property

  • Acreage0.66

Interior

  • Flooring Wood, Tile, Vinyl

Exterior

  • RoofShingle

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Owner
  • Living Area 4,428
  • Lot Size Square Feet 28,575
  • Lot Size Units Acres
  • Square Feet4,428

Amenities

  • Amenities
    • Golf
    • House of Worship
    • Laundromat
    • Medical Facility
    • Public School
    • Public Transportation
    • Shopping
    • Tennis Court(s)
  • Other AmenitiesBasement, Golf, Tennis

Legal

  • ZoningRMF

Other

  • Date Listed08/20/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Sam Takla of Coldwell Banker Realty - Framingham

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