Active
3 Days on market
1495 Grafton Rd Millbury — Photo 1 of 1

1495 Grafton Rd Millbury — Photo 1 of 1

$549,000

Investment Analysis — 1495 Grafton Rd

Millbury, MA 01527

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 4-bedroom in 01527 carries an estimated $2,860/mo in gross rent — about a 3.83% cap rate and $21,010/yr in estimated NOI at the $549,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2.5

SqFt

1,994

Style

Single Family

Built

1945

Bring Your Vision and Unlock the Potential of This Spacious Two-Family Property.Conveniently situated on a corner lot in a highly desirable commuter location, this multi-family home offers endless possibilities for investors, contractors, business owners, or owner-occupants looking to build equity. Located just 5 minutes from the Massachusetts Turnpike (I-90) and 6 minutes from Route 20, this property provides exceptional access to major highways, shopping, dining, and local amenities.This property features two separate living units and offers incredible flexibility for residential living, rental income, or potential home-based business opportunities (subject to local zoning and approvals).Main Unit Features:•Spacious 4-bedroom layout•1.5 bathrooms•Open-concept living room and dining room combination•Beautiful hardwood flooring•Generously sized second-floor bedrooms•Ample closet space throughout•Vaulted ceiling in the primary bedroom•Excellent floor plan with room to customize and modernizeSecond Unit Features:•Comfortable 1-bedroom, 1-bathroom apartment•Functional kitchen and dining area combination•Ideal for rental income, extended family, or guest accommodationsAdditional Highlights:•Corner lot with great visibility and accessibility•Strong income-producing potential•Excellent commuter location•Separate living spaces•Opportunity for value-add improvements•Perfect project for investors, renovators, or owner-occupants seeking sweat equityProperty ConditionThe home requires updates and renovations, including replacement windows and a roof that may need attention. With the right improvements, this property presents an outstanding opportunity to significantly increase value and maximize its potential.Being sold strictly "AS IS."Whether you're looking for your next investment property, a multi-generational living arrangement, or a project with exceptional upside, this two-family home offers the location, size, and flexibility to make your vision a reality.Don't miss this rare opportunity to transform a well-located property with unlimited potential into something truly special. Schedule your showing today!

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 1,994 sq ft principal dwelling).

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$549,000
Annual Taxes$5,073

Parking

Garage1
Off-Street5

Interior Specifications

Total Rooms8
FireplacesNone
Flooring--
BasementPartial

Climate & Utilities

HeatingBaseboard, Oil
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationBlock, Stone
ZoningRESlll

Property & Lot

Acres--
SqFt Lot0.19
Lot Features--

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bathroom 1
First
Living RoomDining RoomKitchen
Living Room
Lvl First
Dining Room
Lvl First
Kitchen
Lvl First
Primary Bedroom
Lvl Second
Bedroom 2
Lvl Second
Bedroom 3
Lvl Second
Bathroom 1
Lvl Second
Listing Provided By

Listing Agent: Menahem Ben Bichotte

Listing Office: Coldwell Banker Realty - Worcester

MLS® Number: 73577010