8-Unit Apartment
New
For Sale
$1,900,000
289-291 Providence Rd, Grafton, MA 01560
Two separate buildings offer a balanced mix of one- and two-bedroom residences with individual utility metering.
Property Size4,428 SF
Days on Market3
Property Features for 289-291 Providence Rd
General Information
Standard status
Active
Size
4,428 SF
Property subtype
Investment
Financials
Cap Rate
8%
Gross Income
$188,400
Units
Unit Mix
4 x 2BR/1BA, 4 x 1BR/1BA
Multifamily Units
8
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$12,262
Building Details
Building Size
4,428 SF
Year Built
1910
Buildings
2
Stories
5
Units
8
Listing Agency:
Coldwell Banker Realty - Framingham
(978) 810-5348
Listed By:
Sam Takla · License #9552677
(978) 810-5348
Source:
Elliman
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 22 at 5:38AM
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 Coldwell Banker Realty - Framingham
Investment Insights
Based on property information with market context.
The property at 289-291 Providence Rd in Grafton, MA, comprises two multifamily buildings containing 8 residential units. The unit mix includes four 2-bedroom, 1-bath apartments and four 1-bedroom, 1-bath apartments. Built in 1910, the property provides a range of residential layouts within a single offering.
Each apartment is separately metered, and residents are responsible for their own gas and electricity. The property reports an 8% cap rate, with access to major highways, shopping, restaurants, schools, and other area amenities. WalkScore is 0 and BikeScore is 28, reflecting a car-dependent setting that is somewhat bikeable.
Each apartment is separately metered, and residents are responsible for their own gas and electricity. The property reports an 8% cap rate, with access to major highways, shopping, restaurants, schools, and other area amenities. WalkScore is 0 and BikeScore is 28, reflecting a car-dependent setting that is somewhat bikeable.
Key Highlights
- 8 residential units across two multifamily buildings
- Unit mix includes four 2‑bedroom, 1‑bath and four 1‑bedroom, 1‑bath apartments
- Built in 1910
Property Analytics
Current Use
Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
103
Businesses Nearby
Explore this area
Business Placement
Demographics for 01560, MA
4,896
Population
2,028
Households
2.4
Avg Household Size
37
Median Age
46%
College-Educated
93%
High-School Grad
3.6 sq mi
ZIP Area
1,360
Density / Sq Mi
$98,884
Median Household Income
$61,489
Median Earnings
$1,364
Median Rent
$442,900
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?
Apartment building - Two separate buildings offer a balanced mix of one- and two-bedroom residences with individual utility metering.
Where is this apartment building located?
The property is located at 289-291 Providence Rd Grafton, MA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 8 residential units across two multifamily buildings; Unit mix includes four 2‑bedroom, 1‑bath and four 1‑bedroom, 1‑bath apartments; Built in 1910
