Duplex with Pond
25 East St, Grafton, MA 01536
For Sale
$799,900
R2-zoned property combines two rental units, a detached garage, and a separately deeded pond.
Property Size2,370 SF
Price / SF$337.51
Days on Market20
Property Features for 25 East St
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Highway Access
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Full
Wood
1
3
Yes
2
5
Electric Dryer Hookup,Washer Hookup
Public Record
2370
No
Cleared
Public
9.36
16
Off Street
Concrete Perimeter,Stone
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Walter Aldrich Realty
Listed By:
Walter Aldrich · License #9507666
(508) 450-0620
Source:
Jrpierre
Added: Oct 21
Changed: Nov 8
Last Checked: Nov 8 at 3:50PM
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 Walter Aldrich Realty
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Investment Insights
Based on property information with market context.
This 1920-built duplex contains two apartments: one with 2 bedrooms and 1 bathroom, and another with 3 bedrooms and 1 bathroom. Both have in-unit laundry and large kitchens. The property also includes a detached 2,100-square-foot garage and a 7.1-acre pond; the house, garage, and pond are deeded separately. The site is listed at 9.36 acres and is zoned R2.
The property is minutes from Tufts University School of Medicine’s Grafton campus. Plans submitted to the town propose a two-story addition above the garage, with 2,600 square feet configured as a 4-bedroom, 3-bath residence and a 900-square-foot accessory dwelling unit with 2 bedrooms and 2 bathrooms. The plans remain subject to approval. Improvements over the years include heating and cooling systems, electrical panels, roofing, and water heaters.
The property is minutes from Tufts University School of Medicine’s Grafton campus. Plans submitted to the town propose a two-story addition above the garage, with 2,600 square feet configured as a 4-bedroom, 3-bath residence and a 900-square-foot accessory dwelling unit with 2 bedrooms and 2 bathrooms. The plans remain subject to approval. Improvements over the years include heating and cooling systems, electrical panels, roofing, and water heaters.
Key Highlights
- Two‑unit property with 2‑bedroom and 3‑bedroom apartments, each with 1 bathroom
- Detached 2,100‑square‑foot garage and 7.1‑acre pond, each deeded separately from the house
- 9.36‑acre property zoned R2
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,037
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,740
$640.7K
Cap Rate 7%
$457,671
$457.7K
Cap Rate 9%
$355,967
$356.0K
Market Conditions
NOI Build-Up for 2,370 SF
Gross rent
$46.9K $19.80/SF
− Vacancy
−$1.2K −$0.49/SF
EGI
$45.8K $19.31/SF
− OpEx
−$13.7K −$5.79/SF
NOI
$32.0K $13.52/SF
Area
Worcester County, MA
Vacancy
2.47%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,740
Cap Rate 7%
$457,671
Cap Rate 9%
$355,967
Alternative Uses
Best Use
Multifamily LT 5
$457.7K
$400.5K – $534.0K
NOI $32,037 @ 7.0% cap · market cap 4.01%
Second Best
Apartment 5plus
$398.3K
$348.5K – $464.7K
NOI $27,881 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$809.3K
$708.2K – $944.2K
NOI $56,652 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
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Business Placement
Demographics for 01536, MA
7,514
Population
3,230
Households
2.3
Avg Household Size
41
Median Age
48%
College-Educated
94%
High-School Grad
8.6 sq mi
ZIP Area
874
Density / Sq Mi
$105,795
Median Household Income
$62,035
Median Earnings
$450,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Worcester County, MA
Properties on Market for Duplexes in Worcester County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - R2-zoned property combines two rental units, a detached garage, and a separately deeded pond.
Where is this duplex located?
The property is located at 25 East St Grafton, MA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Two‑unit property with 2‑bedroom and 3‑bedroom apartments, each with 1 bathroom; Detached 2,100‑square‑foot garage and 7.1‑acre pond, each deeded separately from the house; 9.36‑acre property zoned R2
