Duplex with Private Third-Floor
127 Grinnell St New Bedford, MA 02740
127 Grinnell St, New Bedford, MA, 02740
$380,000
For Sale
$380,000
Two 2-bedroom, 1-bath units with separate utilities, plus a private third-floor bonus space for the upstairs unit.
Property Size1,812 SF
Price / SF$209.71
Days on Market43
Property Features for 127 Grinnell St
General Information
- Standard status
- Active
- Size
- 1,812 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1884
Listing agency
Conway - Mattapoisett
(508) 688-9309
Listed by
Lauren Kavanagh
(508) 688-9309
Source
Lockandkeyre
Added: Jun 9 Updated: Jul 21 at 4:02AM Checked: Jul 21 at 4:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Conway - Mattapoisett
Investment Insights
Based on property information with market context.
This duplex is being delivered vacant at closing and offers two residential units with two bedrooms and one full bath each. The second-floor unit includes a study and exclusive access to a private third-floor bonus space that can support an expanded living or work area. Recent updates include renovated bathrooms (2024), updated appliances, new hot water heaters, new electrical meters, and partial flooring improvements.
Separate utilities are in place, with gas heat and town water and sewer services. A washer and dryer are located in the basement, and there is ample off-street parking along with a large, sunny fenced-in corner lot.
The property is described as having been owner-occupied for the past 18 years. Please note the property may not qualify for FHA financing.
Separate utilities are in place, with gas heat and town water and sewer services. A washer and dryer are located in the basement, and there is ample off-street parking along with a large, sunny fenced-in corner lot.
The property is described as having been owner-occupied for the past 18 years. Please note the property may not qualify for FHA financing.
Key Highlights
- Two 2‑bedroom, 1‑bath units with separate utilities in a property built in 1884
- Upstairs unit includes a study and exclusive access to a private third‑floor bonus space
- Vacant at closing; previously owner‑occupied for 18 years
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 | $40.2k | $22.20 |
| − Vacancy | −$3.0k | −$1.67 |
| EGI | $37.2k | $20.54 |
| − OpEx | −$11.2k | −$6.16 |
| NOI | $26.0k | $14.37 |
1,812 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$372.1K
$325.6K – $434.1K
NOI $26,047 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$341.6K
$298.9K – $398.5K
NOI $23,912 @ 7.0% cap · market cap 6.29%
Theoretical Best
Office A
$534.3K
$467.5K – $623.3K
NOI $37,400 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two 2-bedroom, 1-bath units with separate utilities, plus a private third-floor bonus space for the upstairs unit.
Where is this duplex located?
The property is located at 127 Grinnell St New Bedford, MA.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units with separate utilities in a property built in 1884; Upstairs unit includes a study and exclusive access to a private third‑floor bonus space; Vacant at closing; previously owner‑occupied for 18 years
