Investment Analysis — 78 Pleasant St

Grafton, MA 01519

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01519 carries an estimated $3,680/mo in gross rent — about a 5.39% cap rate and $28,183/yr in estimated NOI at the $523,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,352

Style

Single Family

Built

1840

Set on a generous .47-acre corner lot in Grafton, this charming 1840 Colonial offers the opportunity to own a fully updated home with modern systems already in place. Featuring 3 bedrooms, 2 full baths, & 1,300+ sq ft, the property combines classic character with extensive recent improvements. Major upgrades include new roof/windows, appliances, doors, flooring, & carpet throughout the first-floor primary bedroom & second level. Featuring a newly added 2nd full bath within the primary suite, enhancing both comfort & functionality. Other big-ticket improvements include new septic, updated 200-amp electrical, support structures added and new concrete poured in the basement & new oil tank. Exterior enhancements elevate curb appeal & usability with a new driveway located off Cedar Hill Dr, as well as new concrete walkways, & front stairs. Located among higher-value homes in a strong market area, this property presents an opportunity for buyers to step into a home where the heavy lifting has already been done.

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: 676 sq ft (the lesser of 900 sq ft or half the 1,352 sq ft principal dwelling). Lot size: 20,350 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.