Updated Two-Property Rental Portfolio

165 & 169 Grant Street Fall River, MA 02721

Claim this Listing
For Sale
$1,268,000

MULTI_FAMILY - Fall River, MA

Property size:
4,890 SF
Lot size:
0.15 Acres
Price / SF:
$259/SF
Added:
May 22, 2026
Days on Market:
52
Last Refresh:
Jul 12 at 11:06 pm

Property Features for 165 & 169 Grant Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
A-2
Bedrooms
13
Bathrooms
6
Rooms
Bedroom 13, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 8, Bedroom 5, Bathroom 4, Bathroom 5, Bedroom 11, Bathroom 2, Bedroom 7, Bathroom 6, Bedroom 4, Bedroom 12, Bedroom 1, Bedroom 9, Bedroom 6, Bedroom 10, Bedroom 3
Standard status
Active
APN
M:0G05 B:0000 L:0050
Size
4,890 SF
Lot size
0.15 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
7028

Building Details

Year built
1900
Number of units
5

Listing agent Clifford Ponte License #9554597

Listing office Keller Williams South Watuppa 275 Martine Street, Unit 109, Fall River, MA

Listing date May 22, 2026

MLS# 73523058 Listing URL

Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This offering combines two separately deeded properties at 165 and 169 Grant Street. 169 Grant Street features four completely updated units, with new FHA HVAC systems, granite countertops throughout, new electrical, a new roof, updated plumbing and bathrooms, and brand new appliances.

165 Grant Street is a single-family home that received a full cosmetic upgrade. It offers two full bathrooms, hardwood floors throughout, four spacious bedrooms, and a washer and dryer on the second level.

Both properties are listed for sale individually under MLS #73514313 and MLS #73514314, and are described as being conveniently located near local amenities, shopping, dining, schools, and major routes. Zoning is listed as A-2.

Key Highlights

  • Year built 1900; combination of two separately deeded properties at 165 and 169 Grant St.
  • 169 Grant St.: 4 completely updated units with new FHA HVAC systems, new electric, new roof, new plumbing, new bathrooms, and brand new appliances.
  • 169 Grant St. updates include granite countertops throughout.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $135.0k $27.60
− Vacancy −$10.1k −$2.07
EGI $124.8k $25.53
− OpEx −$37.5k −$7.66
NOI $87.4k $17.87
4,890 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$1.25M
$1.09M – $1.46M (±1% cap)
NOI $87,389 @ 7.0% cap · market cap 6.89%
Second Best
Apartment 5plus
$1.16M
$1.02M – $1.35M (±1% cap)
NOI $81,214 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$2.98M
$2.61M – $3.47M (±1% cap)
NOI $208,455 @ 7.0% cap · market cap 16.44%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Parking Lot & Garage (Bike/Boat/Book/etc) Store Storage Facility (Bike/Boat/Book/etc) Store Cosmetic Store Florist Hotel & Motel Pet Grooming Service Tech Support Center (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Quadplex - Portfolio includes a fully upgraded four-unit residence plus a renovated single-family home, both separately deeded for sale.
Where is this quadplex located?
The property is located at 165 & 169 Grant Street Fall River, MA.
What is the asking price?
The asking price for this property is $1,268,000.
What are key features of this property?
This property features: Year built 1900; combination of two separately deeded properties at 165 and 169 Grant St.; 169 Grant St.: 4 completely updated units with new FHA HVAC systems, new electric, new roof, new plumbing, new bathrooms, and brand new appliances.; 169 Grant St. updates include granite countertops throughout.
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