Two-Family Home with Attached
5 Bedford Dr, Grafton, MA 01536
For Sale
$699,000
A separate second-floor apartment adds rental flexibility, while finished basement space expands the main residence.
Property Size1,840 SF
Price / SF$379.89
Days on Market15
Property Features for 5 Bedford Dr
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
deck
fenced backyard
solar panel system
finished basement
separate laundry area
Upgraded Cabinets
Upgraded Countertops
Bathroom with Shower Stall
Open Floorplan
Living Room
Dining Room
Kitchen
Family Room
Mudroom
Laundry Room
Rain Gutters
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Pablo Maia Realty
(508) 875-0102
Listed By:
Arleuza Maia
(508) 397-3894
Source:
Isosrealty
Added: Oct 26
Changed: Nov 7
Last Checked: Nov 8 at 5:00AM
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 Pablo Maia Realty
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Investment Insights
Based on property information with market context.
This legal two-family property includes a three-bedroom main residence with an open living and dining area, a renovated kitchen, and a full bathroom. The finished basement adds a family room and another full bathroom. Mini-split heating and air conditioning serve the home, including a new system in the living room. An attached two-car garage provides additional storage. The second-floor apartment has an open living, dining, and kitchen layout, one bedroom, a full bathroom, hardwood flooring, and a deck.
The apartment is currently rented for $1,300 per month. The property also has a paid-off solar panel system and a fully fenced, level backyard. Built in 1957, the residence contains 1,840 square feet.
The apartment is currently rented for $1,300 per month. The property also has a paid-off solar panel system and a fully fenced, level backyard. Built in 1957, the residence contains 1,840 square feet.
Key Highlights
- Legal two‑family property with a three‑bedroom main residence and a separate one‑bedroom apartment
- Second‑floor apartment currently rents for $1,300 per month
- Attached two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,872
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$497,440
$497.4K
Cap Rate 7%
$355,314
$355.3K
Cap Rate 9%
$276,356
$276.4K
Market Conditions
NOI Build-Up for 1,840 SF
Gross rent
$36.4K $19.80/SF
− Vacancy
−$900 −$0.49/SF
EGI
$35.5K $19.31/SF
− OpEx
−$10.7K −$5.79/SF
NOI
$24.9K $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%
$497,440
Cap Rate 7%
$355,314
Cap Rate 9%
$276,356
Alternative Uses
Best Use
Multifamily LT 5
$355.3K
$310.9K – $414.5K
NOI $24,872 @ 7.0% cap · market cap 3.56%
Second Best
Apartment 5plus
$309.2K
$270.6K – $360.8K
NOI $21,646 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$628.3K
$549.8K – $733.1K
NOI $43,983 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
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 - A separate second-floor apartment adds rental flexibility, while finished basement space expands the main residence.
Where is this duplex located?
The property is located at 5 Bedford Dr Grafton, MA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Legal two‑family property with a three‑bedroom main residence and a separate one‑bedroom apartment; Second‑floor apartment currently rents for $1,300 per month; Attached two‑car garage
