312 Grafton St Worcester, MA 01604
Union HIll NeighborhoodEstimated payment $12,110/month
Highlights
- Golf Course Community
- City View
- Corner Lot
- Medical Services
- Property is near public transit
- Tennis Courts
About This Home
The investment property you have been waiting for! This turn-key mixed use property consists of 9 units total, 7 residential and 2 commercial. Unit break downs as follows: (3) - 3 bed/1 bath units; (2) - 2 bed/1 bath units; (2) - 1 bed/1 bath units and (2) commercial spaces with two 1/2 baths per unit. One commercial space is currently a restaurant and the other is a barbershop. All units currently rented for instant income generation. Many of units are fully gov't assisted. Residential tenants are all TAW. Gas and electric utilities are separately metered for all units. New gas meter lines for all units within the last 4 years. Barbershop has electric heat as does 1 residential unit. All units have been updated and adequately maintained over the years and are in great shape. 2 brand new residential furnaces installed a few years ago. Conveniently located near 290, less than a mile to Worcester Public Market, Canal District Restaurants and Polar Park!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,942
Year Built
- Built in 1900
Lot Details
- 8,437 Sq Ft Lot
- Corner Lot
- Irregular Lot
Home Design
- Stone Foundation
Interior Spaces
- 12,419 Sq Ft Home
- City Views
Bedrooms and Bathrooms
- 15 Bedrooms
Parking
- 5 Car Parking Spaces
- Driveway
- Open Parking
Location
- Property is near public transit
Listing and Financial Details
- Assessor Parcel Number M:04 B:029 L:18+23,1765242
Community Details
Overview
- 9 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Golf Course Community
- Tennis Courts
- Jogging Path
Building Details
- Electric Expense $500
- Insurance Expense $14,090
- Water Sewer Expense $5,060
- Operating Expense $19,210
- Net Operating Income $185,390
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | -- | $1,436,100 | $266,900 | $1,169,200 |
| 2024 | -- | $1,259,300 | $266,900 | $992,400 |
| 2023 | $0 | $1,160,900 | $232,100 | $928,800 |
| 2022 | $0 | $926,200 | $185,700 | $740,500 |
| 2021 | $0 | $485,900 | $148,500 | $337,400 |
| 2020 | $9,476 | $459,600 | $137,500 | $322,100 |
| 2019 | $9,545 | $444,300 | $130,100 | $314,200 |
| 2018 | $0 | $435,200 | $130,100 | $305,100 |
| 2017 | $0 | $435,200 | $130,100 | $305,100 |
| 2016 | -- | $410,400 | $95,900 | $314,500 |
| 2015 | -- | $410,400 | $95,900 | $314,500 |
| 2014 | -- | $410,400 | $95,900 | $314,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/11/2025 11/11/25 | For Sale | $1,999,999 | +41.3% | $161 / Sq Ft | |
| 05/20/2022 05/20/22 | Sold | $1,415,000 | -5.4% | $97 / Sq Ft | View Prior Sale |
| 03/25/2022 03/25/22 | Pending | -- | -- | -- | |
| 03/24/2022 03/24/22 | For Sale | $1,495,000 | 0.0% | $103 / Sq Ft | |
| 01/11/2022 01/11/22 | Pending | -- | -- | -- | |
| 12/20/2021 12/20/21 | For Sale | -- | -- | -- | |
| 12/06/2021 12/06/21 | Pending | -- | -- | -- | |
| 11/11/2021 11/11/21 | For Sale | -- | -- | -- | |
| 10/04/2021 10/04/21 | Pending | -- | -- | -- | |
| 09/24/2021 09/24/21 | For Sale | -- | -- | -- | |
| 09/16/2021 09/16/21 | Pending | -- | -- | -- | |
| 09/13/2021 09/13/21 | For Sale | $1,495,000 | -- | $103 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $1,415,000 | None Available | |
| Quit Claim Deed | -- | -- | |
| Deed | $435,000 | -- | |
| Deed | $435,000 | -- | |
| Deed | $150,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,132,000 | Purchase Money Mortgage | |
| Previous Owner | $473,000 | Commercial | |
| Previous Owner | $400,000 | Commercial | |
| Previous Owner | $105,000 | Commercial | |
| Previous Owner | $75,000 | Commercial |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73453498
APN: WORC-000004-000029-000018-000023
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