289 Providence Rd, Grafton MA 01560

Grafton, MA 01560
$1,900,000
Est. $10,829/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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12
Beds
8
Baths
4,428
Sq Ft
$429
Price/Sq Ft
0.66
Acres
1910
Year Built
12
Parking
33
Days on Market
For Sale Listed Aug 20, 2026 • MLS# 73566460 Copied! • Updated Sep 22, 2026

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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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Property History

Property Timeline

🏠
Listed for Sale
Aug 20, 2026
$1,900,000
Original listing
Agent: Sam Takla Office: Coldwell Banker Realty - Framingham

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%
Heating None
Cooling None
Flooring Wood, Tile, Vinyl
Appliances None
Fireplace None
Basement Unfinished
Laundry Electric Dryer Hookup
Features None
Construction Frame
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch Porch
Features Paved Drive, Paved
Total Spaces 12
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
Fee Includes None
Amenities None
Optional Fee Includes None
Lead Paint Certified Treated
Seller Disclosures The Rent Roll Is Attached To The Listing.
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
Total market time (incl. prior listings) 33 days

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

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
School District
Grafton School District local
A-
School Safety 2024-25
0.4% Low
0.3% Suspensions 0.4% In-School 0.1% Emergency
5.1% below state avg
E

Elementary Schools

3 schools
South Grafton Elementary School
0.8 mi
261 students Diverse
Grades PK-01
Touchstone Community School
1.9 mi
Grades PK-08
A-
Millbury Street Elementary School
2.1 mi | #226 of 825 | Score: 53.4
Dropped 1 spots from last year
-4.8 below state avg
635 students Diverse
Strong Attendance
Grades 02-06
M

Middle Schools

2 schools
A-
Grafton Middle School
2.6 mi | #97 of 352 | Score: 49.9
Dropped 37 spots from last year
-8.3 below state avg
469 students Moderate
Strong Attendance
Grades 07-08
C
Northbridge Middle School
4.8 mi | #256 of 352 | Score: 35.8
Dropped 59 spots from last year
-22.4 below state avg
249 students Less Diverse
Grades 06-07
H

High Schools

3 schools
A-
Grafton High School
2.5 mi | #85 of 346 | Score: 62.1
Improved 62 spots from last year
+3.9 above state avg
905 students Moderate
17 sports • 1,348 athletes
Strong AP Program High Graduation Rate Rising School College Ready Curriculum
Grades 09-12
A
Blackstone Valley Regional Vocational Technical High School
3.4 mi | #69 of 346 | Score: 64.4
Improved 12 spots from last year
+6.2 above state avg
1,236 students Moderate
20 sports • 1,164 athletes
Strong AP Program High Graduation Rate Career Tech Programs College Ready Curriculum
Grades 09-12
B-
Nipmuc Regional High School
3.5 mi | #186 of 346 | Score: 53.2
Dropped 31 spots from last year
-5 below state avg
475 students Less Diverse
18 sports • 1,022 athletes
Strong AP Program High Graduation Rate Strong Athletics
Grades 09-12
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Including down payment
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Down: $0
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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

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Current Rate
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Payment Over Time

Interest
Principal
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 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 Sep 22, 2026 11:36 AM 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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