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Kathy Mele

kathymele508@gmail.com +1(508) 367-4018

$ 1,900,000

Est. payment | -/mo

12 Beds

8 Baths

4,428 SqFt

Save

$ 1,900,000

Est. payment | -/mo

Save

12 Beds

8 Baths

4,428 SqFt

Open House

Sat Aug 22, 12:00pm - 1:00pm

Key Details

Property Type Multi-Family

Sub Type 5-9 Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,428 sqft

Price per Sqft $429

MLS Listing ID 73566460

Bedrooms 12

Full Baths 8

Year Built 1910

Annual Tax Amount $12,262

Tax Year 2026

Lot Size 0.660 Acres

Acres 0.66

Property Sub-Type 5-9 Family

Property Description

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.

Location

State MA

County Worcester

Zoning RMF

Direction R122

Rooms

Basement Unfinished

Interior

Flooring Wood, Tile, Vinyl

Laundry Electric Dryer Hookup

Exterior

Community Features Public Transportation, Shopping, Tennis Court(s), Golf, Medical Facility, Laundromat, House of Worship, Public School

Utilities Available for Electric Range, for Electric Dryer

Roof Type Shingle

Total Parking Spaces 12

Garage No

Building

Story 5

Foundation Stone

Sewer Public Sewer

Water Public

Others

Senior Community false

Acceptable Financing Contract

Listing Terms Contract

Listed by Coldwell Banker Realty - Framingham

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(508) 367-4018

kathymele508@gmail.com

Learn More About LPT Realty

289-291 Providence Rd Grafton, MA 01560