Five-Unit Apartment
For Sale
$789,000
Pending
6 N Main Street, Grafton, MA 01536
Residential Income, Grafton, MA
Property Size3,754 SF
Lot Size0.39 Acres
Days on Market52
Property Features for 6 N Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
res
Bedrooms
9
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 3, Bathroom 1, Bedroom 5, Bathroom 3, Bathroom 5, Bedroom 7, Bedroom 4, Bedroom 6, Bathroom 4, Bedroom 9, Bathroom 2, Bedroom 1, Bedroom 8, Bedroom 2
Parking
9
Directions
GPS
Standard status
Pending
APN
1524343
Size
3,754 SF
Lot size
0.39 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8406
Amenities
private yard
Building Details
Year built
1920
Floors in Building
5
Number of units
5
Listing Agency:
Keller Williams Pinnacle Central · Keller Williams Realty
Listed By:
Sarah Gustafson
(508) 754-3020
Added: Aug 27
Changed: Oct 16
Last Checked: Oct 17 at 2:06AM
MLS# 73569079
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.
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Investment Insights
Based on property information with market context.
This five-unit apartment property at 6 N Main Street contains 3,754 square feet on a 16,988-square-foot lot. Built in 1920, the building provides nine bedrooms and five full bathrooms across five separately metered units. Three apartments feature updated kitchens with stainless steel appliances, while two additional units remain available for renovation. Each apartment has its own gas heat and electric meter, with common-area utilities and water paid by the owner.
The property is served by city water and a private septic system and includes a private yard. Located in North Grafton Village, the asset is zoned res and offers a multi-unit residential configuration with separate utility metering and a mix of completed and unfinished unit improvements.
The property is served by city water and a private septic system and includes a private yard. Located in North Grafton Village, the asset is zoned res and offers a multi-unit residential configuration with separate utility metering and a mix of completed and unfinished unit improvements.
Key Highlights
- Five‑unit apartment building with 9 bedrooms and 5 full bathrooms
- 3,754 SF building on a 16,988 SF lot
- Three units have updated kitchens with stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,162
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$883,240
$883.2K
Cap Rate 7%
$630,886
$630.9K
Cap Rate 9%
$490,689
$490.7K
Market Conditions
NOI Build-Up for 3,754 SF
Gross rent
$82.4K $21.96/SF
− Vacancy
−$2.1K −$0.57/SF
EGI
$80.3K $21.39/SF
− OpEx
−$36.1K −$9.63/SF
NOI
$44.2K $11.76/SF
Area
Worcester County, MA
Vacancy
2.60%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$883,240
Cap Rate 7%
$630,886
Cap Rate 9%
$490,689
Alternative Uses
Best Use
Apartment 5plus
$630.9K
$552.0K – $736.0K
NOI $44,162 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,736 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
Explore this area
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with separately metered units, updated kitchens, and private outdoor space in North Grafton Village.
Where is this apartment building located?
The property is located at 6 N Main Street Grafton, MA.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: Five‑unit apartment building with 9 bedrooms and 5 full bathrooms; 3,754 SF building on a 16,988 SF lot; Three units have updated kitchens with stainless steel appliances
