Active
12 beds4,428 sqft
289 Providence Rd, Grafton, MA 01560
Est: $11,165/moGet pre-approved
Multi FamilyProperty Type
0.66 acresLot Size
1910Year Built
$429/sq ftPrice per sq ft
12 carsParking Spaces

Description

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...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 Agent

  1. Sam Takla

    Sam Takla

    Listing Agent

    Coldwell Banker Realty

    P: (508) 872-0084

    M: (978) 810-5348

37 days on Market
Last updated: 09/22/2026 11:40 AM • Source: MLS PIN, MLS#: 73566460

Location

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Payment Calculator

$11,165 per month

30 year fixed, 7.03% Interest

Principal and Interest

$10,143

Property Taxes

$1,022

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 289 Providence Road

Property Details
  • Taxes: $12,262 / year
  • MLS Type: Multi-family / 5-9 Family
  • Town: Grafton
  • Area: MA-Grafton
  • Garage Spaces: 0
  • Open Parking Spaces: 12.00
  • Parking Spaces Total: 12
Building Information
  • Stories: 5
  • Residences: 8
  • Year Built: 1910
  • Lot Size: 0.66 AC / 28,575 SF
General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Tennis Court, Golf Course, Medical Facility, Laundromat, House of Worship, Public School
  • Living Area: 4428.0
  • Color: white
  • SqFt with Basement: No
  • Total Units: 8
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Unfinished Basement
  • Num of Baths: 8.0
  • Num of Full Baths: 8
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 8.00
  • Bathrooms Total Integer: 8
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Tile, Vinyl
  • Laundry Features: Electric Dryer Hookup
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Exterior Features: Porch
  • Patio And Porch Features: Porch
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Paved Driveway
  • Parking Features: Paved Driveway
Utilities
  • Sewer: City/Town Sewer
  • Utility Connections: for Electric Range, for Electric Dryer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: The rent roll is attached to the listing.
Tax Information
  • Listing Terms: Contract
  • Tax ID: M:0116.0 B:0000 L:0013
  • Assessments: $895,700
  • Book: 70648
  • Tax Year: 2026
  • Zoning: RMF
Building / Association Information
Living Characteristics
  • Beds Total: 12
  • Total Living Levels: 5
Other Building Characteristics
  • Foundation: Stone
  • Levels: 5
  • Cooling Units: 0
  • Cooling Zones: 0
  • Heat Units: 8
  • Heat Zones: 8
Income / Expenses
  • Annual Expenses Source: Tax Return
  • GOI: $188,400.00
  • GRE: $35,262
  • NOI: $153,138.00
  • Operating Expense: $35,262.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $15,700.00

Property History for 289 Providence Road

DateEvent & SourcePriceAppreciation
Aug 20, 2026

Listed (Active)

MLS PIN #73566460

$1,900,000—
Nov 16, 2006

Expired

MLS PIN #70388248

$335,000—
May 16, 2006

Listed (Active)

MLS PIN #70388248

$342,500—
DateEvent & SourcePrice
08/20/2026

Listed (Active)

MLS PIN #73566460

$1,900,000
11/16/2006

Expired

MLS PIN #70388248

$335,000
05/16/2006

Listed (Active)

MLS PIN #70388248

$342,500

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 289 Providence Road

This home is within Grafton School District.
Rating
School
Type
Grades
Distance
Public - PK to 1
Public - 7 to 8
Public - 9 to 12
Public - 2 to 6
Rating
School
Distance
South Grafton Elementary School
PublicPK to 1

Grafton Middle School
Public7 to 8

Grafton High School
Public9 to 12

Grafton Elementary School
Public2 to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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289 Providence Road is a multi-family home for sale in Grafton, MA 01560. This property was listed for sale on August 20, 2026 by Coldwell Banker Realty, it's currently listed at $1,900,000. It has been on the market for a total of 37 days and was last sold on January 31, 2005. This listing's school district is Grafton School District. Nearby schools include South Grafton Elementary School, Grafton Middle School and Grafton High School. 289 Providence Road is a 12-bed, 8-bath, 4,428 sqft multi-family home built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.