289 Providence Rd Grafton, MA 01560
Grafton AreaEstimated payment $11,455/month
Total Views
2,331
12
Beds
8
Baths
4,428
Sq Ft
$429
Price per Sq Ft
Highlights
- Medical Services
- Property is near golf course, public transit, and schools
- Tennis Courts
- Grafton High School Rated A-
- Wood Flooring
- Porch
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,262
Year Built
- Built in 1910
Home Design
- 4,428 Sq Ft Home
- Stone Foundation
- Frame Construction
- Shingle Roof
Flooring
- Wood
- Tile
- Vinyl
Bedrooms and Bathrooms
- 12 Bedrooms
- 8 Full Bathrooms
Parking
- 12 Car Parking Spaces
- Driveway
- Paved Parking
- 12 Open Parking Spaces
Additional Features
- Electric Dryer Hookup
- Porch
- 28,575 Sq Ft Lot
- Property is near golf course, public transit, and schools
- 8 Heating Zones
- Unfinished Basement
Listing and Financial Details
- Assessor Parcel Number M:0116.0 B:0000 L:0013
Community Details
Overview
- 8 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Tennis Courts
Building Details
- Operating Expense $35,262
- Net Operating Income $153,138
Map
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Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/20/2026 08/20/26 | For Sale | $1,900,000 | +77.6% | $429 / Sq Ft | |
| 06/18/2024 06/18/24 | Sold | $1,070,000 | -14.4% | $248 / Sq Ft | View Prior Sale |
| 04/17/2024 04/17/24 | Pending | -- | -- | -- | |
| 04/03/2024 04/03/24 | For Sale | $1,250,000 | -- | $289 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
About the Listing Agent
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Sam's Other Listings
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73566460
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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 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 or leasing 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 or leasing. 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.
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