1503-A Grafton Rd Millbury — Photo 1 of 20
Recent Drop: $20,000
$329,000
Investment Analysis — 1503-A Grafton Rd
Millbury, MA 01527 — East Millbury Business District
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 2-bedroom in 01527 carries an estimated $2,080/mo in gross rent — about a 4.64% cap rate and $15,269/yr in estimated NOI at the $329,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
859
Style
Single Family
Built
1945
Convenient, affordable & charming! This adorable 2-bedroom, 1-bath home is a fantastic opportunity in Millbury. Located just seconds from the Mass Pike and minutes from Route 9 and Route 20, commuters will enjoy the easy access to major roadways while enjoying the comfort of a residential living. The interior is pleasant and inviting w/ hardwood floors and tons of natural light. Outside, the attractive yard provides privacy with space for gardening, entertaining, or simply relaxing. Off-street parking. Located within the East Millbury Business District, the property benefits from flexible zoning that may offer a variety of residential and business possibilities. An added bonus: the abutting front lot is also available for purchase, creating opportunities for generational living, expansion, and investment. Easy to show and full of potential, this charming property is a rare find in a fantastic commuter location.
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: 430 sq ft (the lesser of 900 sq ft or half the 859 sq ft principal dwelling). Lot size: 16,000 sq ft.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Stable(s)
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood
Kitchen
Lvl FirstFlooring - Laminate
Family Room
Lvl FirstFlooring - Hardwood
Primary Bedroom
Lvl SecondCloset, Flooring - Hardwood
Bedroom 2
Lvl SecondBathroom 1
Lvl FirstProperty History
$329,000
Was $349,000
Aug 1, 2026
MLS® 73527305
$349,000
May 31, 2026
MLS® 73527305
Listing Agent: Julieann Horrigan
Listing Office: RE/MAX Prof Associates
MLS® Number: 73527305