Robin Smith
REALTOR®
BEDS12
BATHS10 full 1 partial
SQUARE FEET9,043
MLS#73596212
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Rare 11-Unit Mixed-Use Investment Portfolio located at 311 and 313 Providence Road in the town of Grafton. This two-building portfolio offers diversified residential and commercial income in one of Worcester Countys most consistently in-demand rental markets. Full of historic character, 311 has been carefully renovated without losing the details that make it stand out. It has 7 units consisting of a retail commercial space and 6 apartments. The building has been extensively renovated, with a sprinkler system, updated heating systems, electrical and plumbing, all new fixtures, new hardwood and tile throughout. It is delivered in excellent, rent-ready condition. 313 Providence Road has 4 one-bedroom apartments that is also in rent-ready condition and well maintained. The portfolio offers on-site laundry and off-street parking, which support tenant retention. The property sits on Route 122 with strong visibility. Commuters have convenient access to Worcester, Route 146, the Mass Pike and the Grafton commuter rail. Rental demand across Grafton and the greater Worcester area remains strong, which supports stable occupancy and long-term upside. With the capital improvements largely complete, this turnkey, income-producing asset lets an investor add meaningful scale with limited near-term capital needs. Offerings of this size seldom come to market in Grafton. Financials and private showings available upon request.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Interior Entry, Concrete, Unfinished
Heating: Forced Air, Natural Gas
Lot Size: 0.25 Acres
Roof Type: Shingle
Stories: 4.0
Taxes: $15,135
Year Built: 1930
Amenities
Upgraded Countertops
Remodeled
Living Room
Kitchen
Rain Gutters
Sprinkler System
Varies per Unit
Feature Descriptions
Appliances: Range, Refrigerator
Building Area Total: 9043
Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Public School, T-Station, Sidewalks
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 7
Door Features: Insulated Doors
Dwelling Type: 5-9 Family
Electric: Circuit Breakers,100 Amp Service,200+ Amp Service, Individually Metered, Varies per Unit
Exterior: Frame
Flooring: Tile, Varies, Hardwood
HeatingY/N: 1
Laundry: Washer Hookup, Dryer Hookup, Electric Dryer Hookup
Lot Features: Level
Open Parking Y/N: Yes
Parcel Number: M:0124.0 B:0000 L:0008A
Parking Features: Paved Drive, Shared Driveway, Off Street, Assigned, Paved
Parking Total: 20
Patio And Porch: Porch
Rent Includes: Unit 1(Water, Other (See Remarks)), Unit 2(Water, Other (See Remarks)), Unit 3(Water, Other (See Remarks)), Unit 4(Water, Other (See Remarks))
Road Responsibility: Public Maintained Road
Rooms Total: 27
Sewer: Public Sewer
Units: 11
Utilities: for Gas Range, for Electric Range, for Electric Dryer, Washer Hookup, Varies per Unit
Water: Public
Window Features: Box/Bay/Bow Window(s), Insulated Windows
Listed By / Shown By
Listed By
Agency Name: RE/MAX Partners
Agent Name: John Chalino
Agency Phone: 508-635-1600
Shown By
Agent Name: Robin Smith
Agent Phone: (603) 352-5433
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
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Estimated Payment
$ 6,043.99 per month $4,228.58 Principal & Interest $1,261.25 Property Tax $554.17 Homeowner's Insurance
311-313 Providence Road | MLS# 73596212
This multi-family property located at 311-313 Providence Road, Grafton, MA 01560 is currently listed for sale with an asking price of $1,900,000. Search Grafton real estate on robinsmith.masiellogrouprealestate.com today.