
289 Providence Rd Grafton — Photo 1 of 19
Beds
12
Baths
8
SqFt
4,428
Style
5-9 Family
Built
1910
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.
Market Value Analysis
* Analysis is based on 20 actively listed and recently sold comparable properties strictly within Grafton, MA.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Golf • Medical Facility • Laundromat
Geography
Population
4,984
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
Median Household Income
$107K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
Renter-Occupied Homes
38.3%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
New Construction Permits — Worcester County
1,805 housing units permitted in the last 12 months (+1% vs the prior 12 months) — 1,007 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jul '26)
Listing Agent: Sam Takla
Listing Office: Coldwell Banker Realty - Framingham
MLS® Number: 73566460
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