Two-Family Home with Off-Street
For Sale
$620,000
1267 Grafton, Worcester, MA 01604
Well-maintained two-family residence with separate utilities, off-street parking, a large yard, and ample storage.
Property Size2,500 SF
Price / SF$248
Days on Market9
Property Features for 1267 Grafton
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Multi-family
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1917
Listing Agency:
Castinetti Realty Group
Listed By:
Dawn Szczygiel
(617) 236-0711
Source:
Campionre
Added: Jul 22
Changed: Jul 26
Last Checked: Jul 29 at 4:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Castinetti Realty Group
Investment Insights
Based on property information with market context.
This spacious, well-maintained two-family home offers flexibility for both owner-occupants and investors. Each unit features a functional layout with bright, sun-filled rooms and separate utilities. The second-floor unit includes four bedrooms, providing generous living space. The property also offers plenty of storage, along with ample off-street parking and a large yard.
Located on Grafton St with convenient access to Rte 20, I-290, and the Mass Pike, the home is close to shopping, restaurants, UMMC hospital, universities, and public transportation.
With two separate living units and independent utilities, the property is positioned for practical long-term occupancy and rental income potential.
Located on Grafton St with convenient access to Rte 20, I-290, and the Mass Pike, the home is close to shopping, restaurants, UMMC hospital, universities, and public transportation.
With two separate living units and independent utilities, the property is positioned for practical long-term occupancy and rental income potential.
Key Highlights
- 1917‑built well‑maintained 2‑family home
- Each unit has separate utilities for owner‑occupants or tenants
- Second‑floor unit features 4 bedrooms
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.5k | $22.20 |
| − Vacancy | −$3.1k | −$1.22 |
| EGI | $52.4k | $20.98 |
| − OpEx | −$15.7k | −$6.29 |
| NOI | $36.7k | $14.69 |
2,500 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$524.5K
$458.9K – $611.9K
NOI $36,713 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$481.4K
$421.3K – $561.7K
NOI $33,701 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$834.4K
$730.1K – $973.5K
NOI $58,411 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Explore this area
Business Placement
Demographics for 01604, MA
41,301
Population
18,166
Households
2.3
Avg Household Size
37
Median Age
31%
College-Educated
86%
High-School Grad
6.6 sq mi
ZIP Area
6,258
Density / Sq Mi
$72,911
Median Household Income
$45,596
Median Earnings
$1,570
Median Rent
$321,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-family residence with separate utilities, off-street parking, a large yard, and ample storage.
Where is this duplex located?
The property is located at 1267 Grafton Worcester, MA.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: 1917‑built well‑maintained 2‑family home; Each unit has separate utilities for owner‑occupants or tenants; Second‑floor unit features 4 bedrooms
