311-313 Providence Road
$1,900,000
12
Beds
10/1
Baths
9,043
Sqft
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$1,900,000
12
Beds
10/1
Baths
9,043
Living Area
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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 County’s 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.
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Highlights
- Area: South Grafton
- Levels: 4
- Property Class: Residential Income
- Stories: 4
- Year Built: 1930
- Heating: Forced Air, Natural Gas
- Parking Spots: 20
- Property Type: 5-9 Family
- Total Rooms: 27
- Status: Active
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Additional Details
- Appliances: Range, Refrigerator
- Construction: Frame
- Flooring: Tile, Varies, Hardwood
- Interior Features: Upgraded Countertops, Remodeled, Living Room, Kitchen
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: Vmu
- Basement: Full, Interior Entry, Concrete, Unfinished
- Exterior Features: Rain Gutters, Sprinkler System, Varies per Unit
- Foundation: Stone, Brick/Mortar
- Lot Features: Level
- Roof: Shingle
- Total Number of Units: 11
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Public School, T-Station, Sidewalks
- Parking Features: Paved Drive, Shared Driveway, Off Street, Assigned, Paved
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Utilities
- Electric: Circuit Breakers, 100 Amp Service, 200+ Amp Service, Individually Metered, Varies per Unit
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,314,900
- Tax Year: 2026
- Total Rent: $7,125
- Rental Fee 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))
- Taxes: $15,135
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Listing information provided courtesy of RE/MAX Partners.
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