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.
Multi-familyProperty Type
1910Year Built
0.66 acresLot Size
$429Price/Sq.Ft.
12 spacesParking
Listed by Sam Takla• Coldwell Banker Realty - Framingham
South Grafton, located between Grafton Common and Upton State Forest, is a residential and commuter-friendly Grafton neighborhood with mill-era river scenery and a compact village center. The neighborhood’s character concentrates around the South Grafton Common and the cluster of storefronts along Main Street, where small eateries and everyday services line the sidewalks. The Willard House & Clock Museum anchors local history with a distinctly New England sensibility. Along the Blackstone River and Canal Heritage State Park, towpaths and water views shape a walk-and-ride routine. Housing reads as a mix of classic colonials, capes, and updated mill-adjacent streets. MBTA service at South Grafton Station adds a rail-to-city rhythm without changing the small-town scale.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Total of 28 rooms
Unfinished basement
Bathrooms
8 full bathrooms
Laundry & utility
Electric dryer hookup
Flooring
Wood flooring
Tile flooring
Vinyl flooring
Heating & cooling
8 heating units
No central cooling units listed
Exterior features
Porch
Public road frontage
Home design
5-9 family building
5 total stories
White exterior
Parking
12 paved open parking spaces
Paved driveway
Construction
Frame construction
Stone foundation
Shingle roof
Built year recorded in public records
Utilities
Public water
Public sewer
Electric connections available for range and dryer
HOA & community
Neighborhood offers public transportation, shopping, tennis courts, golf, medical facility, laundromat, house of worship, and public schools
Not a senior community
Other
Building area approximately 4,428 (above grade finished area listed as 4,428)
Lot size about 0.66 acres
Multiple leased units indicated
Electricity and solar
View estimated energy costs and solar savings for this home
Spacious Multi-Unit Property in Grafton! Welcome to your next investment opportunity in the heart of Grafton! This property boasts a total of eight units! With four units featuring two bedrooms and four units with one bedroom, this property caters to various needs, ensuring broad appeal in the rental market. A large parking lot, providing hassle-free parking for the tenants! Updated heating and hot water tanks for many of the units - Don't miss out on making this property yours! All units are TAW and rents are below market.
Public Records
Jan 31, 2005
Sold
$570,000
$129/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$10,425 (+0.2%)
$147,900 + $515,700
$663,600
2022
$10,408 (+18.7%)
$127,000 + $489,600
$616,600
2020
$8,768 (+19.7%)
$115,500 + $415,900
$531,400
2019
$7,325 (+1.9%)
$103,700 + $336,000
$439,700
2018
$7,185 (−3.8%)
$102,300 + $330,800
$433,100
2017
$7,472 (+8.6%)
$88,000 + $367,600
$455,600
2016
$6,883 (+7.6%)
$94,900 + $316,000
$410,900
2014
$6,394 (−3.7%)
$98,200 + $320,800
$419,000
2013
$6,638 (+5.5%)
$100,700 + $326,200
$426,900
2012
$6,289 (+0.3%)
$100,700 + $344,400
$445,100
2011
$6,270 (+12.0%)
$124,000 + $336,000
$460,000
2010
$5,596 (+9.4%)
$143,200 + $307,000
$450,200
2009
$5,114
$156,600 + $315,600
$472,200
Public record
Public record
Permits
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
0.66 Acres
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Other
County
Worcester County
APN
1528607
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 25, 2025.
Apr 14, 2025 • Active
Electrical
Electrical
Apr 2, 2025 • Final
Plumbing
Plumbing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 96° expected this year, 17 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
South Grafton, MA • 01560
Average low and high temperatures (°F)
32
18
35
19
51
31
61
40
69
49
80
59
84
65
80
57
75
53
64
43
51
34
37
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 289-291 Providence Rd
There isn’t enough information to generate an accurate estimate at this time. Learn More