311-313 Providence Road, Grafton MA 01560

Grafton, MA 01560 • South Grafton
$1,900,000
Est. $11,069/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
10.5
Baths
9,043
Sq Ft
$210
Price/Sq Ft
0.25
Acres
1930
Year Built
20
Parking
New today
Time on Market
For Sale Listed Oct 28, 2026 • MLS# 73596212 Copied! • Updated Oct 28, 2026

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About this home

Rare 11-Unit Mixed-Use Investment Portfolio located at 311 and 313 Providence Road in the town of Grafton. This two-building portfolio offers diversified residential and commercial income in one of Worcester County’s most consistently in-demand rental markets. Full of historic character, 311 has been carefully renovated without losing the details that make it stand out. It has 7 units consisting of a retail commercial space and 6 apartments. The building has been extensively renovated, with a sprinkler system, updated heating systems, electrical and plumbing, all new fixtures, new hardwood and tile throughout. It is delivered in excellent, rent-ready condition. 313 Providence Road has 4 one-bedroom apartments that is also in rent-ready condition and well maintained. The portfolio offers on-site laundry and off-street parking, which support tenant retention. The property sits on Route 122 with strong visibility. Commuters have convenient access to Worcester, Route 146, the Mass Pike and the Grafton commuter rail. Rental demand across Grafton and the greater Worcester area remains strong, which supports stable occupancy and long-term upside. With the capital improvements largely complete, this turnkey, income-producing asset lets an investor add meaningful scale with limited near-term capital needs. Offerings of this size seldom come to market in Grafton. Financials and private showings available upon request.

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Recently Sold Nearby

Price & Status History

Property Timeline

🏠
Listed for Sale
Oct 28, 2026
$1,900,000
Original listing
Agent: John Chalino Office: RE/MAX Partners

Tax History

Year Taxes Assessment
2026 $15,135 $1,314,900

Financial Details

Annual Property Tax
$15,135
Tax Year 2026
Assessed Value
$1,314,900

Facts & Features

Home Facts

Type Residential Income
Style 5-9 Family
Year Built 1930
Living Area 9,043 sq ft
Lot Size 0.25 acres
Stories 4
Bedrooms 12
Full Baths 10
Half Baths 1
Total Rooms 27

Investment Metrics

Units 11
Unit 1 Rent $1,800/mo · N
Unit 2 Rent $1,800/mo · N
Unit 3 Rent $1,725/mo · N
Unit 4 Rent $1,800/mo · N
Total Monthly Rent $7,125/mo
Gross Income $220,500
Net Operating Income $193,820
Operating Expenses $26,680
Water/Sewer Expense $5,760
Insurance Expense $10,000
Cap Rate 10.20%
Heating Forced Air, Natural Gas
Cooling None
Flooring Tile, Varies, Hardwood
Appliances Range, Refrigerator
Fireplace None
Basement Full, Interior Entry, Concrete, Unfinished
Laundry Washer Hookup, Dryer Hookup, Electric Dryer Hookup
Features Upgraded Countertops, Remodeled, Living Room, Kitchen
Construction Frame
Architecture None
Roof Shingle
Features Rain Gutters, Sprinkler System, Varies Per Unit
Pool None
Spa None
Fencing None
Patio/Porch Porch
Features Paved Drive, Shared Driveway, Off Street, Assigned, Paved
Total Spaces 20
Electric Circuit Breakers, 100 Amp Service, 200+ Amp Service, Individually Metered, Varies Per Unit
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Range, For Electric Dryer, Washer Hookup, Varies Per Unit

Financial

Annual Tax $15,135
Assessed Value $1,314,900
Fee Includes None
Amenities None
Optional Fee Includes None
Lead Paint Unknown
Seller Disclosures Owner Provided Income And Expenses Including Proforma Rent And Estimated Insurance. This Is A Seven Unit Building And A 4 Unit Building Being Sold Together.
Possession None
Accepted Financing None
Structure Type []
House Color Gray
Sq Ft Source Public Record
Documents None
County Worcester

Property Overview

Property Type
5-9 Family
Listing Type
For Sale
Year Built
1930
Bedrooms
12
Full Bathrooms
10
Half Bathrooms
1
Living Area
9,043 sq ft
Total Rooms
27
Stories
4
Levels
4

Floor Layout

Interior Features

Flooring: Tile, Varies, Hardwood
Appliances: Range, Refrigerator
Interior Features: Upgraded Countertops, Remodeled, Living Room, Kitchen
Windows: Box/Bay/Bow Window(s), Insulated Windows
Basement: Full, Interior Entry, Concrete, Unfinished
Laundry: Washer Hookup, Dryer Hookup, Electric Dryer Hookup
Security:

Construction & Materials

Year Built: 1930
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Stone, Brick/Mortar
Stories: 4

Utilities & Systems

Heating: Forced Air, Natural Gas
Cooling:
Hot Water: Electric, Tank, Varies Per Unit
Water Source: Public
Sewer: Public Sewer
Energy Features: Thermostat, Varies per Unit

Exterior & Lot

Exterior Features: Rain Gutters, Sprinkler System, Varies per Unit
Patio & Porch: Porch
Fencing:
Other Structures:
Lot Features: Level
Road Surface: Paved

Parking & Garage

Total Parking Spaces: 20
Parking Features: Paved Drive, Shared Driveway, Off Street, Assigned, 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
0.9 mi
261 students Diverse
Grades PK-01
Touchstone Community School
1.9 mi
Grades PK-08
A-
Millbury Street Elementary School
2.3 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
2.8 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
4.6 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
2.7 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
3.3 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
3.3 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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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $1,261
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

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Total principal paid $0
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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location

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Neighborhood

South Grafton

311-313 Providence Road, Grafton MA 01560

Grafton, MA 01560

Listing Information

Listing Agent John Chalino
Listing Office RE/MAX Partners
Office Phone 508-635-1600
Agent MLS ID CN215249
Office MLS ID AN8069
Listing Data Updated Oct 28, 2026 5:18 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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