1503 Grafton Rd Millbury — Photo 1 of 23
Recent Drop: $24,000
$375,000
Investment Analysis — 1503 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 3.99% cap rate and $14,966/yr in estimated NOI at the $375,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1.5
SqFt
1,246
Style
Single Family
Built
1935
Charming, affordable, & exceptionally convenient. This adorable 2-bedroom, 1.5 bath home offers a fantastic opportunity in Millbury. Perfectly situated just seconds from the Mass Pike, minutes from Route 9 & Route 20, commuters will appreciate the easy access to major roadways while enjoying the comfort of a residential setting. Inside, you'll find a warm and inviting layout with a first floor bedroom option, hardwood floors, and lots of natural light. Enjoy the lovely yard w/ mature plantings. Off-street parking adds everyday convenience. 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 rear abutter is also available for purchase, creating opportunities for generational living, expansion, or investment. Easy to show. Full of potential!
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: 623 sq ft (the lesser of 900 sq ft or half the 1,246 sq ft principal dwelling). Lot size: 8,500 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 • Dishwasher • Refrigerator
Neighborhood
Public Transportation • Shopping • Golf • Medical Facility • Laundromat • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Wall to Wall Carpet
Dining Room
Lvl FirstCloset, Flooring - Hardwood
Kitchen
Lvl FirstFlooring - Hardwood
Family Room
Lvl FirstFlooring - Wall to Wall Carpet
Primary Bedroom
Lvl SecondCloset, Flooring - Hardwood
Bedroom 2
Lvl SecondBathroom 1
Lvl FirstBathroom 2
Lvl SecondProperty History
$375,000
Was $399,000
Aug 1, 2026
MLS® 73527304
$399,000
May 31, 2026
MLS® 73527304
Listing Agent: Julieann Horrigan
Listing Office: RE/MAX Prof Associates
MLS® Number: 73527304