For Sale
289 Providence Rd, Grafton, MA
Grafton · MA 01560
- $1,900,000
- Price
- 12
- Beds
- 8
- Baths
- 4428
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1910
Units:
8 Units
Lot size:
0.66 Acre Lot
Price per square foot:
$429 / Sq.Ft
Parking:
12 Off Street Spaces
About this home
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.
Neighborhood & Transit
289 Providence Rd, Grafton · MA 01560
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 75 days
- Listing Price:
- $1,900,000
- Price per Sq.Ft:
- $429
- Tax Assessment:
- $895,700 in 2026
- Taxes:
- $1,022 / Monthly
Home Facts
Interior Features
- Bedrooms
- 12
- Full Bathrooms
- 8
- Half Bathrooms
- 0
- Living Area
- 4,428 Sq.Ft
- Broker Disclosure about Living Area
- All units renovated on 2024
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 4428
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 28,575 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 12 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Vinyl
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Sam Takla
- Listing office
- Coldwell Banker Realty - Framingham
- MLS PIN #
- 73566460
- Disclosure
- The rent roll is attached to the listing.
- Disclosure
- All units renovated on 2024
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