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    312 Grafton St Worcester, MA 01604

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    For Sale
    $1,999,999

    Nine-unit mixed-use property with residential and commercial spaces for sale.

    Lot size:
    0.19 Acres

    Property Features for 312 Grafton St

    General Information

    Lot size
    0.19 Acres

    Building Details

    Year built
    1900

    Source: RE/MAX Partners Agent Steven Pizzarella

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turn-Key Mixed-Use Investment Property

    This mixed-use property features a total of nine units, including seven residential units and two commercial spaces. The residential units consist of three 3-bedroom/1-bath units, two 2-bedroom/1-bath units, and two 1-bedroom/1-bath units. The two commercial spaces each include two half-baths. Currently, one commercial space operates as a restaurant, and the other as a barbershop. All units are rented, providing immediate income. Many residential tenants receive government assistance and are tenants at will. Each unit has separate gas and electric meters. New gas meter lines were installed for all units within the last four years. One residential unit and the barbershop have electric heat. The units have been updated and maintained and are in good condition. Two new residential furnaces were installed a few years ago. The property is located near 290, less than a mile from Worcester Public Market, Canal District Restaurants, and Polar Park.
    Insight Report Location Intelligence

    Current Use by Public Records

    Headliners Barbershop & Salon Barber Shop LoveLee-Braids Hairdresser

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7868079
    Latitude
    42.2558753

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    FAQs

    What type of property is this?
    Mixed-use property - Nine-unit mixed-use property with residential and commercial spaces for sale.
    Where is this mixed-use property located?
    The property is located at 312 Grafton St Worcester, MA.
    What is the asking price?
    The asking price for this property is $1,999,999.
    What are key features of this property?
    This property features: - Turn-key mixed-use property with 9 units (7 residential, 2 commercial) for instant income.; - All units currently rented, many government assisted, ensuring consistent cash flow.; - Gas and electric utilities separately metered for all units, simplifying management.
    (774) 275-1229
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    312 Grafton St Worcester, MA 01604
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    Worcester, MA 01604
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    312 Grafton St Worcester, MA 01604
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