289-291 Providence Rd, Grafton MA 01560
Grafton, MA 01560
$1,900,000
Est. $10,829/month
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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.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Aug 20, 2026
$1,900,000
Original listing
Agent: Sam Takla
Office: Coldwell Banker Realty - Framingham
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/20/2026 | 🏠 Listed for Sale | $1,900,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $12,262 | $895,700 |
Financial Details
Annual Property Tax
$12,262
Tax Year 2026
Assessed Value
$895,700
Facts & Features
Home Facts
Type
Residential Income
Style
5-9 Family
Year Built
1910
Living Area
4,428 sq ft
Lot Size
0.66 acres
Stories
5
Bedrooms
12
Full Baths
8
Total Rooms
28
Investment Metrics
Units
8
Unit 1 Rent
$2,200/mo · Y
Unit 2 Rent
$2,200/mo · Y
Unit 3 Rent
$2,200/mo
Unit 4 Rent
$2,200/mo
Total Monthly Rent
$8,800/mo
Gross Income
$188,400
Net Operating Income
$153,138
Operating Expenses
$35,262
Cap Rate
8.06%
Interior
Heating
None
Cooling
None
Flooring
Wood, Tile, Vinyl
Appliances
None
Fireplace
None
Basement
Unfinished
Laundry
Electric Dryer Hookup
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch
Parking
Features
Paved Drive, Paved
Total Spaces
12
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Electric Range, For Electric Dryer
Financial
Annual Tax
$12,262
Assessed Value
$895,700
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
The Rent Roll Is Attached To The Listing.
Additional Details
Possession
None
Accepted Financing
Contract
Structure Type
[]
House Color
white
Sq Ft Source
Owner
Sq Ft Disclosures
All units renovated on 2024
Documents
None
County
Worcester
Property Overview
Property Type
5-9 Family
Listing Type
For Sale
Year Built
1910
Bedrooms
12
Full Bathrooms
8
Living Area
4,428 sq ft
Total Rooms
28
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
4,428 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood, Tile, Vinyl
Appliances:
Interior Features:
Windows:
Basement:
Unfinished
Laundry:
Electric Dryer Hookup
Security:
Construction & Materials
Year Built:
1910
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Stone
Stories:
5
Heating, Cooling & Utilities
Heating:
Heating Zones:
8
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Porch
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Total Parking Spaces:
12
Parking Features:
Paved Drive, Paved
Nearby Schools
School information not available for this location.
Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$1,022
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
Save $0/mo
Current Rate
$0/mo
+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
289-291 Providence Rd, Grafton MA 01560
Grafton, MA 01560
Listing Information
Listing Agent
Sam Takla
Listing Office
Coldwell Banker Realty - Framingham
Office Phone
508-872-0084
Agent MLS ID
CN220299
Office MLS ID
AN6208
Listing Data Updated
Aug 20, 2026 6:08 PM EDT
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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