Three-Family Residential Income
For Sale
$725,000
23 Grant Street, Taunton, MA 02780
Three units totaling 8 bedrooms, each with separate utilities, plus a one-car garage and a good-sized yard.
Property Size2,457 SF
Price / SF$295.08
Days on Market134
Property Features for 23 Grant Street
General Information
Standard status
Active
Size
2,457 SF
Total Parking Spaces
1
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
3
Building Details
Year Built
1900
Listing Agency:
Century 21 Realty Network
Listed By:
AJ Andrews
(617) 846-8000
Source:
Highlandre
Added: Mar 20
Changed: Jul 21
Last Checked: Jul 22 at 6:46AM
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 Century 21 Realty Network
Investment Insights
Based on property information with market context.
This three-family residential income property in Taunton is configured with three units totaling 8 bedrooms, including one 2-bedroom unit and two 3-bedroom units. The home includes a one-car garage and a good-sized yard for outdoor space. Separate utilities are provided for each unit, supporting independent management and occupancy.
The property is located on a quiet street with convenient access to Routes 138, 44, and 24, making it practical for commuters. City water and sewer connections add to the day-to-day convenience for ownership and management.
The overall setup makes the property suitable for buyers looking for a multi-unit building with a balanced unit mix and individual utility separation, while retaining outdoor space and garage parking.
The property is located on a quiet street with convenient access to Routes 138, 44, and 24, making it practical for commuters. City water and sewer connections add to the day-to-day convenience for ownership and management.
The overall setup makes the property suitable for buyers looking for a multi-unit building with a balanced unit mix and individual utility separation, while retaining outdoor space and garage parking.
Key Highlights
- Three‑family property with 8 total bedrooms across three units (one 2‑bedroom and two 3‑bedroom units)
- Separate utilities for each unit, connected to city water and sewer
- One‑car garage on site
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 | $67.8k | $27.60 |
| − Vacancy | −$5.1k | −$2.07 |
| EGI | $62.7k | $25.53 |
| − OpEx | −$18.8k | −$7.66 |
| NOI | $43.9k | $17.87 |
2,457 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$627.3K
$548.9K – $731.8K
NOI $43,909 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$582.9K
$510.1K – $680.1K
NOI $40,806 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,739 @ 7.0% cap · market cap 14.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,378
Businesses Nearby
Explore this area
Business Placement
Demographics for 02780, MA
52,299
Population
22,454
Households
2.3
Avg Household Size
41
Median Age
24%
College-Educated
85%
High-School Grad
33.1 sq mi
ZIP Area
1,580
Density / Sq Mi
$75,054
Median Household Income
$48,454
Median Earnings
$1,257
Median Rent
$377,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three units totaling 8 bedrooms, each with separate utilities, plus a one-car garage and a good-sized yard.
Where is this triplex located?
The property is located at 23 Grant Street Taunton, MA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Three‑family property with 8 total bedrooms across three units (one 2‑bedroom and two 3‑bedroom units); Separate utilities for each unit, connected to city water and sewer; One‑car garage on site
