264 Grafton Street, Union HillWorcester, MA 01604MLS Number 73599157

  • Price: $1,995,000
  • 1 Day on Market
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Federal 30-year interest rate: 7.18% last updated on Nov 5, 2026
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264 Grafton Street Worcester MA 01604264 Grafton Street Worcester MA 01604264 Grafton Street Worcester MA 01604264 Grafton Street Worcester MA 01604264 Grafton Street Worcester MA 01604264 Grafton Street Worcester MA 01604264 Grafton Street Worcester MA 01604264 Grafton Street Worcester MA 01604264 Grafton Street Worcester MA 01604264 Grafton Street Worcester MA 01604
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  • 0.32Acreage
  • 1930Year Built
  • 8,000Square Feet

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264 Grafton Street, Worcester, MA | Mixed-Use Investment with Development Upside264 Grafton Street is a mixed-use property with three commercial units, three residential units, and two billboards. All commercial leases are +NNN, and residential tenants pay their own utilities, keeping owner expenses to a minimum. Long-term tenants provide steady income, and four new mini-splits with AC condensers keep near-term capital costs low.The location is highly visible. Grafton Street sees about 10,000 travelers a day, the property is roughly 300 yards from an I-290 ramp carrying around 140,000 vehicles a day, and downtown Worcester is less than a mile away.The large parcel also has room to build. The city planning department has verbally approved a four-unit townhouse on the vacant land, and the owner is pursuing ANR approval. The property can be sold with approved permits and architectural drawings in place.This is a strong fit for an investor seeking passive income or a developer looking to add new multifamily units.
Listed by Todd Lornell of Lornell Real Estate

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More Info

Basic Information

  • Gross Income $141,600
  • Mls StatusNew
  • Parcel Number 1765222

Property

  • Acreage0.32

Property Information

  • Living Area 8,000
  • Lot Size Square Feet 13,729
  • Lot Size Units Acres
  • Square Feet8,000

Tax Information

  • Tax Year 2027
  • Taxes$23,020

Location

  • Address264 Grafton Street
  • Building Number264
  • CountyWorcester
  • NeighborhoodUnion Hill
  • StateMA
  • StreetGrafton Street
  • SubdivisionUnion Hill
  • TownWorcester
  • Zip01604

Basic Information

  • List Price$1,995,000
  • MLS Number73599157
  • Modification Date11/05/2026

Building

  • Building Area Units Square Feet
  • Year Built1930

Other

  • Date Listed11/05/2026
  • Farm Land Area Units Square Feet

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