Updated Multifamily Investment
169 Grant Street Fall River, MA 02721
169 Grant Street, Fall River, MA, 02721
$899,000
For Sale
$899,000
Fully updated four-unit property near amenities and major routes.
Property Size3,354 SF
Price / SF$268.04
Days on Market85
Property Features for 169 Grant Street
General Information
- Standard status
- Active
- Size
- 3,354 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing Agency
Keller Williams South Watuppa
Listed by
Luke Walen
Source
Reishomesearch
Added: Apr 24 Checked: Jul 15 at 6:20 pm
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 Keller Williams South Watuppa
Investment Insights
Based on property information with market context.
This multifamily property features four units, fully updated from the studs in 2025. The updates include new FHA HVAC systems, granite countertops, new electric, a new roof, new plumbing, new bathrooms, and brand-new appliances. The property is located near local amenities, shopping, dining, schools, and major routes. It is suitable for investors or owner-occupants seeking immediate income. This turnkey investment is in an area with consistent rental demand in a growing market. The property has A-2 Zoning and was recently subdivided from another property.
Key Highlights
- Fully updated/renovated from the studs in 2025, essentially new construction.
- Turnkey investment property ready to command top market rents.
- New FHA HVAC systems, electric, roof, plumbing, and bathrooms.
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 | $92.6k | $27.60 |
| − Vacancy | −$6.9k | −$2.07 |
| EGI | $85.6k | $25.53 |
| − OpEx | −$25.7k | −$7.66 |
| NOI | $59.9k | $17.87 |
3,354 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$856.3K
$749.2K – $999.0K
NOI $59,939 @ 7.0% cap · market cap 6.67%
Second Best
Apartment 5plus
$795.8K
$696.3K – $928.4K
NOI $55,704 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$2.04M
$1.79M – $2.38M
NOI $142,977 @ 7.0% cap · market cap 15.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fully updated four-unit property near amenities and major routes.
Where is this quadplex located?
The property is located at 169 Grant Street Fall River, MA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Fully updated/renovated from the studs in 2025, essentially new construction.; Turnkey investment property ready to command top market rents.; New FHA HVAC systems, electric, roof, plumbing, and bathrooms.
