Two-Unit Duplex with Detached
76 Main Street, Grafton, MA 01560
For Sale
$624,900
Pending
Each residence has a screened porch, and both have front parking; a driveable path reaches the rear of the property.
Property Size3,168 SF
Days on Market8
Property Features for 76 Main Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Property Condition
Severity
Evidence
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
wood fireplace
screened porch
hardwood floors
hot tub
detached garage
shed
Ceiling Fan(s)
Floored Attic
Walk-Up Attic
Storage
Walk-In Closet(s)
Bathroom with Shower Stall
Bathroom With Tub & Shower
Pantry
Living Room
Dining Room
Kitchen
Family Room
Office/Den
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Blu Sky Real Estate
(508) 557-0022
Listed By:
Melissa Grylls
(401) 864-8311
Source:
Baycolonyrealty
Added: Nov 2
Changed: Nov 7
Last Checked: Nov 8 at 1:59PM
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 Blu Sky Real Estate
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Investment Insights
Based on property information with market context.
Built in 1915, this 3,168-square-foot duplex contains two residences. The first has four bedrooms, one bathroom, a living room with a wood fireplace, a den, and a screened porch; this unit needs repair. The second includes four bedrooms, two and a half bathrooms, a living room with a wood fireplace, a den, and a screened porch. A hot tub is located in the attic of the second unit. The property also has a detached garage, a shed, and a rear-access drive path. Both residences have front parking, and the lot includes a large backyard.
Recent building updates include a roof that is three years old, a gas furnace, and an electric water heater. The property is zoned R2.
Recent building updates include a roof that is three years old, a gas furnace, and an electric water heater. The property is zoned R2.
Key Highlights
- Two residences totaling 3,168 square feet
- Each unit has four bedrooms and a living room with a wood fireplace
- Unit One includes one bathroom, a den, and a screened porch; repairs are needed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,824
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$856,480
$856.5K
Cap Rate 7%
$611,771
$611.8K
Cap Rate 9%
$475,822
$475.8K
Market Conditions
NOI Build-Up for 3,168 SF
Gross rent
$62.7K $19.80/SF
− Vacancy
−$1.5K −$0.49/SF
EGI
$61.2K $19.31/SF
− OpEx
−$18.4K −$5.79/SF
NOI
$42.8K $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%
$856,480
Cap Rate 7%
$611,771
Cap Rate 9%
$475,822
Alternative Uses
Best Use
Multifamily LT 5
$611.8K
$535.3K – $713.7K
NOI $42,824 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$532.4K
$465.9K – $621.1K
NOI $37,268 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$1.08M
$946.6K – $1.26M
NOI $75,728 @ 7.0% cap · market cap 12.12%
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
119
Businesses Nearby
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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
$442,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Each residence has a screened porch, and both have front parking; a driveable path reaches the rear of the property.
Where is this duplex located?
The property is located at 76 Main Street Grafton, MA.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: Two residences totaling 3,168 square feet; Each unit has four bedrooms and a living room with a wood fireplace; Unit One includes one bathroom, a den, and a screened porch; repairs are needed
