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.
Listing last checked: Listing updated:
Listed by John Chalino · RE/MAX Partners · MLS #73596212
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Details at a glance
Interior4 property facts
- Rooms
- 27
- Heating
- Forced Air, Natural Gas
- Flooring
- Tile, Varies, Hardwood
- Basement
- Yes · Full, Interior Entry, Concrete, Unfinished
Building5 property facts
- Style
- 5-9 Family
- Year built
- 1930
- Parking
- 20
- Foundation
- Stone, Brick/Mortar
- Roof
- Shingle
Land & utilities5 property facts
- Lot size
- 0.25 acres
- Water
- Public
- Sewer
- Public Sewer
- Pool
- Not reported
- Zoning
- VMU
Financial2 property facts
- Annual taxes
- $15,135
- 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$10,869 / monthAdjust
- Principal & interest
- $9,607
- Property tax
- $1,261
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $15,135. 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.
More property insights
Automated value estimate $1,840,000
Estimated range $1,580,000–$1,950,000.
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 311-313 Providence Road
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Request a tour of 311-313 Providence Road and a Bean Group agent will help coordinate an available time with the listing side.
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Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
Are property documents available?
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