297 Providence Rd, Grafton, MA 01560
- Added:
- Apr 17, 2026
- Days on Market:
- 63
- Last Refresh:
- Jun 18 at 8:06 am
Property Features for 297 Providence Rd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RMF
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 5, Bedroom 6, Bathroom 1, Bedroom 2
- Parking
- 16
- Standard status
- Pending
- APN
- 1528609
- Size
- 2,992 SF
- Lot size
- 0.64 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 8326
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
Listing agent Bill Wright License #5503 (508) 435-6700
Listing office REMAX Executive Realty 22 South Street, Suite 203, Hopkinton, MA (508) 435-6700
Listing date Apr 17, 2026
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Completely rebuilt 2‑family home (original built 1920) with separate utilities and each unit offering 3 bedrooms and a full bath
- Each unit includes separate laundry and an open‑concept layout with hardwood floors, recessed lighting, and double windows
- Kitchens feature granite counters, gas cooking, and stainless steel appliances
- Heating and cooling include forced hot air gas heat and central air
- Includes walk‑up attic, basement and garage building storage, plus accessory dwelling unit (ADU) potential with the garage
- Private backyard has a stone patio, fire‑pit, and perennial gardens, with 15+ parking spaces on site
Overview
Set on a sizable lot, the property provides a walk-up attic and ample storage in the basement and in the garage building. Outdoors, a private backyard includes a stone patio, fire-pit, and established perennial gardens, creating usable space for tenants or owners. Parking is a notable advantage with 15+ spaces. The listing also highlights convenient access to major routes and the T-Train, and the property is zoned RMF.
This configuration fits well for an owner-occupant who wants rental income without compromising privacy, or for investors looking for a turnkey, well-equipped duplex with room to expand. With garage-based ADU potential, the property may also appeal to buyers considering additional living space as a future option.
Local 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 | $59.2k | $19.80 |
| − Vacancy | −$1.5k | −$0.49 |
| EGI | $57.8k | $19.31 |
| − OpEx | −$17.3k | −$5.79 |
| NOI | $40.4k | $13.52 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Grafton
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.67942
- Latitude
- 42.17585
