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.
Listing last checked: Listing updated:
Listed by Sam Takla · Coldwell Banker Realty - Framingham · MLS #73566460
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Details at a glance
Interior3 property facts
- Rooms
- 28
- Flooring
- Wood, Tile, Vinyl
- Basement
- Yes · Unfinished
Building5 property facts
- Style
- 5-9 Family
- Year built
- 1910
- Parking
- 12
- Foundation
- Stone
- Roof
- Shingle
Land & utilities5 property facts
- Lot size
- 0.66 acres
- Water
- Public
- Sewer
- Public Sewer
- Pool
- Not reported
- Zoning
- RMF
Financial2 property facts
- Annual taxes
- $12,262
- Assessment year
- 2026
Location
Estimated monthly cost
Explore costs at the $1,900,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$10,629 / monthAdjust
- Principal & interest
- $9,607
- Property tax
- $1,022
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $12,262. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
Price and status timeline
- New
$2,200 · Oct 15, 2026
More property insights
Automated value estimate $1,796,964
Estimated range $1,683,096–$1,910,833.
Automated estimates are not appraisals or guarantees of market value.
Request a professional market analysisPhoto-based condition insights
Overall presentation: above average
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About 289 Providence Rd
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