264 Grafton St, Worcester MA 01604
Worcester, MA 01604 • Union Hill
$1,995,000
Est. $12,206/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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About this home
264 Grafton Street, Worcester, MA | Mixed-Use Investment with Development Upside264 Grafton Street is a mixed-use property with three commercial units, three residential units, and two billboards. All commercial leases are +NNN, and residential tenants pay their own utilities, keeping owner expenses to a minimum. Long-term tenants provide steady income, and four new mini-splits with AC condensers keep near-term capital costs low.The location is highly visible. Grafton Street sees about 10,000 travelers a day, the property is roughly 300 yards from an I-290 ramp carrying around 140,000 vehicles a day, and downtown Worcester is less than a mile away.The large parcel also has room to build. The city planning department has verbally approved a four-unit townhouse on the vacant land, and the owner is pursuing ANR approval. The property can be sold with approved permits and architectural drawings in place.This is a strong fit for an investor seeking passive income or a developer looking to add new multifamily units.
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Price & Status History
Property Timeline
Listed for Sale
Nov 5, 2026
$1,995,000
Original listing
Agent: Todd Lornell
Office: Lornell Real Estate
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 11/05/2026 | 🏠 Listed for Sale | $1,995,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2027 | $23,020 | — |
Financial Details
Annual Property Tax
$23,020
Tax Year 2027
Facts & Features
Home Facts
Type
Commercial Sale
Year Built
1930
Living Area
8,000 sq ft
Lot Size
0.32 acres
Investment Metrics
Gross Income
$141,600
Net Operating Income
$130,300
Operating Expenses
$11,300
Cap Rate
6.53%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
None
Utilities
Electric
None
Water
None
Sewer
None
Gas
None
Other
None
Financial
Annual Tax
$23,020
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Documents
None
County
Worcester
Property Overview
Listing Type
For Sale
Year Built
1930
Living Area
8,000 sq ft
Floor Layout
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1930
Structure Type:
Exterior Materials:
Roof:
Foundation:
Utilities & Systems
Heating:
Cooling:
Hot Water:
Water Source:
Sewer:
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Parking Features:
Nearby Schools
School District
Worcester School District local
C-
Where Graduates Go
Class of 2021
51%
attend college
35%
4-Year
16%
2-Year
4%
Out of State
4%
Working
School Safety
2024-25
4.1%
Above Average
3.3%
Suspensions
1.7%
In-School
0.8%
Emergency
1.4% below state avg
Elementary Schools
10 schools
F
Grafton Street School
< 0.1 mi
|
#796 of 825
|
Score: 28.9
Improved 3 spots from last year
-29.3 below state avg
438 students
Diverse
Diverse Student Body
Grades K-06
F
Worcester Cultural Academy Charter Public School
0.3 mi
|
#790 of 825
|
Score: 29.4
Improved 45 spots from last year
-28.8 below state avg
230 students
Diverse
Rising School
Diverse Student Body
Grades K-06
F
Union Hill School
0.3 mi
|
#815 of 825
|
Score: 25.0
Dropped 19 spots from last year
-33.2 below state avg
383 students
Diverse
Grades K-06
C-
Learning First Charter Public School
0.6 mi
|
#292 of 352
|
Score: 32.3
Improved 40 spots from last year
-25.9 below state avg
666 students
Diverse
Rising School
Grades K-08
F
City View School
0.7 mi
|
#809 of 825
|
Score: 26.0
Dropped 76 spots from last year
-32.2 below state avg
440 students
Diverse
Diverse Student Body
Grades PK-06
Venerini Academy
1.0 mi
Grades PK-08
D
Vernon Hill School
1.0 mi
|
#786 of 825
|
Score: 29.6
Dropped 43 spots from last year
-28.6 below state avg
535 students
Diverse
Diverse Student Body
Grades PK-06
C-
Belmont Street Community School
1.1 mi
|
#723 of 825
|
Score: 34.2
Dropped 114 spots from last year
-24 below state avg
605 students
Diverse
Diverse Student Body
Grades PK-06
C-
Jacob Hiatt Magnet School
1.1 mi
|
#693 of 825
|
Score: 36.3
Dropped 138 spots from last year
-21.9 below state avg
362 students
Diverse
Diverse Student Body
Grades PK-06
F
Chandler Elementary Community School
1.2 mi
|
#807 of 825
|
Score: 26.6
Dropped 61 spots from last year
-31.6 below state avg
412 students
Diverse
Diverse Student Body
Grades K-06
Middle Schools
6 schools
The Nativity School of Worcester
1.3 mi
Grades 05-08
Worcester SDA School
3.7 mi
Grades 01-08
C-
Worcester East Middle School
0.4 mi
|
#302 of 352
|
Score: 31.5
Improved 51 spots from last year
-26.7 below state avg
781 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
C+
Forest Grove Middle School
2.5 mi
|
#230 of 352
|
Score: 38.2
Improved 90 spots from last year
-20 below state avg
938 students
Diverse
Rising School
Diverse Student Body
Grades 07-08
C+
Burncoat Middle School
2.9 mi
|
#231 of 352
|
Score: 38.0
Improved 50 spots from last year
-20.2 below state avg
679 students
Diverse
Rising School
Diverse Student Body
Grades 07-08
B
Sullivan Middle School
3.8 mi
|
#156 of 352
|
Score: 44.0
Improved 29 spots from last year
-14.2 below state avg
954 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
High Schools
10 schools
Worcester Academy
0.3 mi
Grades 06-12
Saint Paul Diocesan Junior/Senior High School
1.0 mi
Grades 07-12
Worcester Alternative High School
1.4 mi
36 students
Diverse
Diverse Student Body
Grades 07-12
B+
Claremont Academy
1.5 mi
|
#9 of 25
|
Score: 37.3
Improved 317 spots from last year
-20.9 below state avg
451 students
Moderate
10 sports
• 216 athletes
Early College Program
Rising School
College Ready Curriculum
Grades 07-12
C-
University Park Campus School
2.0 mi
|
#286 of 346
|
Score: 42.8
Dropped 9 spots from last year
-15.4 below state avg
224 students
Diverse
Early College Program
College Ready Curriculum
Grades 07-12
Notre Dame Academy
2.7 mi
Grades 07-12
C-
North High School
1.2 mi
|
#299 of 346
|
Score: 38.8
Improved 28 spots from last year
-19.4 below state avg
1,377 students
Diverse
14 sports
• 498 athletes
Early College Program
Rising School
Career Tech Programs
College Ready Curriculum
Grades 09-12
A+
Massachusetts Academy of Math and Science at WPI
1.5 mi
|
#2 of 346
|
Score: 91.7
Same rank as last year
98 students
Moderate
Strong AP Program
College Ready Curriculum
Strong Attendance
Grades 11-12
C+
Worcester Technical High School
1.6 mi
|
#223 of 346
|
Score: 50.1
Improved 43 spots from last year
-8.1 below state avg
1,409 students
Diverse
19 sports
• 1,016 athletes
Early College Program
High Graduation Rate
Rising School
Career Tech Programs
Grades 09-12
B-
Doherty Memorial High School
1.8 mi
|
#199 of 346
|
Score: 52.3
Improved 22 spots from last year
-5.9 below state avg
1,756 students
Very Diverse
19 sports
• 1,302 athletes
Early College Program
Rising School
Career Tech Programs
College Ready Curriculum
Grades 09-12
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Monthly Payment Calculator
Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
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Including down payment
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Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$1,918
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
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Current Rate
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+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
Union Hill
264 Grafton St, Worcester MA 01604
Worcester, MA 01604
Listing Information
Listing Agent
Todd Lornell
Listing Office
Lornell Real Estate
Office Phone
860-305-7432
Agent MLS ID
CN261455
Office MLS ID
AN9393
Listing Data Updated
Nov 5, 2026 9:45 AM EST
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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