289 Providence Rd, Grafton, MA 01560

  • Active

 $1,900,000

  • 12 BedroomBedrooms
  • 8 BathroomBathrooms
  • 4,284 Sq.Ft.
  • Multi-Family
  • Active
  • MLS# 73566460
  • Sold On
  • Rental
0 More Schedule
Source MLS Verified

PROPERTY DESCRIPTION

Exceptional 8-Unit Multifamily Investment Opportunity Grafton, MARare opportunity to own two multifamily buildings located at 289291 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.

Property Details

General

  • County: Worcester
  • Acreage: 0.66
  • Beds: 12
  • Full Bathrooms: 8
  • Year Built: 1910
  • Sq. Ft.: 4,284
  • Garage/Parking Spaces: 0.00

Financial Considerations

  • Tax Amount: $12,262
  • Tax Year: 2026

Activity

  • Days On Market: 65
  • List Date: 08/20/2026
 

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