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Two-Family Home Near Downtown

41 Pearl Great Barrington, MA 01230

Claim this Listing
For Sale
$449,900

Two-family residence with period charm, close to downtown.

Type:Multi-family
Property size:
1,964 SF
Lot size:
0.25 Acres
Price / SF:
$229/SF
Added:
Sep 2, 2025
Days on Market:
312
Last Refresh:
May 21 at 8:29 pm

Property Features for 41 Pearl

General Information

Standard status
Active
Size
1,964 SF
Lot size
0.25 Acres
Property subtype
Multi-family

Building Details

Year Built
1900

Listing office FAIRGROUND REAL ESTATE,INC

Listing date Sep 2, 2025

Source Berkshirehouses

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 FAIRGROUND REAL ESTATE,INC


Investment Insights

Based on property information with market context.

Located on a quiet street moments from downtown Great Barrington, 41 Pearl Street is a two-family residence constructed in the 1900s. The property includes 1,964 square feet of living space and is situated on a 0.25-acre lot. Each side of the home features 2 bedrooms and 1 bathroom, totaling 4 bedrooms and 2 bathrooms for the entire residence. The floor plan offers ample natural light, hardwood floors, and period details. The kitchens and living areas are suitable for entertaining or relaxation. The bedrooms provide privacy and storage space. The property is equipped with forced hot water heating.

Key Highlights

  • Two‑family residence offering potential rental income or multi‑generational living
  • Conveniently located near downtown Great Barrington
  • Spacious 1,964 sq ft of living space with 4 bedrooms and 2 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 $42.4k $21.60
− Vacancy −$564 −$0.29
EGI $41.9k $21.31
− OpEx −$12.6k −$6.39
NOI $29.3k $14.92
1,964 SF · lease $21.60/SF/yr · vacancy 1.33% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$418.6K
$366.3K – $488.4K (±1% cap)
NOI $29,301 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$383.4K
$335.5K – $447.3K (±1% cap)
NOI $26,840 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$575.1K
$503.2K – $670.9K (±1% cap)
NOI $40,254 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Electrical Service Grocery & Convenience Store Storage Facility Locksmith (Bike/Boat/Book/etc) Store Daycare Center Home Appliance Store Pet Grooming Service Florist (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Duplex - Two-family residence with period charm, close to downtown.
Where is this duplex located?
The property is located at 41 Pearl Great Barrington, MA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Two‑family residence offering potential rental income or multi‑generational living; Conveniently located near downtown Great Barrington; Spacious 1,964 sq ft of living space with 4 bedrooms and 2 bathrooms
Contact an agent
More about this property
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