
21 Faulkner Rd Grafton — Photo 1 of 26
$299,900
Investment Analysis — 21 Faulkner Rd
Grafton, MA 01536
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 1-bedroom in 01536 carries an estimated $1,600/mo in gross rent — about a 3.49% cap rate and $10,477/yr in estimated NOI at the $299,900 list price. Adjust every assumption in the calculator below.
Beds
1
Baths
1
SqFt
750
Style
Single Family
Built
1930
Looking for a cozy home that gives you the freedom of a house without the maintenance that usually comes with one? This quiet 1-bedroom, 1-bath home sits near the end of a paved, publicly maintained dead-end road, offering a private, wooded setting while keeping you close to Worcester, major medical centers, colleges, and commuter routes.Inside, the 19' x 17' main bedroom gives you room for a king-sized bed, a large reach-in closet, and a picture window looking toward Flint Pond. The pond is also visible from the kitchen, with seasonal views opening up beautifully through the surrounding woods. The 14' x 10' kitchen features a passthrough with breakfast bar seating, while the 18' x 14' living room offers plenty of space to create a dedicated eating area, home office, or whatever fits your lifestyle.The full bathroom includes a tub/shower combination, with the washer and dryer conveniently located on the main level. Newly refinished living room floors add a fresh touch, while ductless mini-splits provide efficient heating and cooling, with electric baseboard heat for supplemental warmth. A full-height partial basement provides useful storage without giving you another level of living space to maintain.Outside, the .28-acre lot combines a small, manageable lawn with wooded surroundings, so you can enjoy the privacy without spending your weekends maintaining a large yard. Bring your pets without the restrictions often found with apartment living.And then there’s the location. UMass Chan Medical School is approximately 5 miles away, UMass Memorial Medical Center about 6 miles, Tufts Cummings School of Veterinary Medicine just 3 miles, WPI approximately 7 miles, and Worcester State University about 7.6 miles. Route 20 is only 1.5 miles away, with the Mass Pike entrance approximately 3 miles from home.Whether you're a first-time buyer, medical professional, student, relocating buyer, or someone looking for a home that could eventually become an income-producing property, this one offers something simple: a place to call home with the freedom of a house and the maintenance footprint of an apartment.
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: 375 sq ft (the lesser of 900 sq ft or half the 750 sq ft principal dwelling). Lot size: 12,322 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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Water Heater • Range • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First18 x 14
Flooring - Wood, Exterior Access
Kitchen
Lvl First14 x 10
Flooring - Vinyl, Window(s) - Picture, Breakfast Bar / Nook, Exterior Access, Recessed Lighting
Primary Bedroom
Lvl First19 x 17
Ceiling Fan(s), Vaulted Ceiling(s), Closet, Flooring - Wall to Wall Carpet, Window(s) - Bay/Bow/Box
Bathroom 1
Lvl First8 x 7
Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Vinyl, Dryer Hookup - Electric, Washer Hookup
Property History
$299,900
Sep 23, 2026
MLS® 73581459
$209,900
Jun 3, 2011
MLS® 71229815
$1,050
Jun 3, 2011
MLS® 71229845
$209,900
May 10, 2011
MLS® 71229815
$1,050
May 8, 2011
MLS® 71229845
Listing Agent: Jim Black Group
Listing Office: Real Broker MA, LLC
MLS® Number: 73581459