MA
Worcester
Grafton
01560
289-291 Providence Rd
289-291 Providence Rd, Grafton, MA 01560
Share Listing
Listing Type
Multi Family
Listing Status
Active
19
$1,900,000

Home Details for 289-291 Providence Rd

Price
$1,900,000
Type
Residential Income
Bedrooms
12
Total Bathrooms
8
Full Bathrooms
8
Square feet
4428
Year built
1910
Lot size acres
0.66
County
Worcester
Total rooms
28
Basement
Unfinished
MLS Listing#
73566460
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.

Property Features
  • Heating Information
    • Zoned
  • Water Features
    • Public
  • Parking
    • Paved
  • Basement
    • Unfinished
Listing Courtesy: Coldwell Banker Realty - Framingham - 508-872-0084
Presented by: Sam Takla
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein. Copyright ©2026 MLS Property Information Network, Inc. All Rights Reserved.
Transportation
Check the walk, transit, and bike score for
Neighborhood Market Statistics
See average values in the proximity of this property
Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Massachusetts Association of REALTORS.
EXIT NEW OPTIONS REAL ESTATE
12 Main Street, Leominster, MA 01453
Office
888 363 3948
Request more details
Code: