Two-Family Home Near
For Sale
$365,000
41 Pearl, Great Barrington, MA 01230
Two-family residence with period charm, close to downtown.
Property Size1,964 SF
Lot Size0.25 Acres
Price / SF$185.85
Days on Market378
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 Agency:
FAIRGROUND REAL ESTATE,INC
Listed By:
David Carlson · License #9550743
(413) 329-1279
Source:
Berkshirehouses
Added: Oct 3, 2025
Changed: Oct 13
Last Checked: Oct 12 at 8:32PM
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,301
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$586,020
$586.0K
Cap Rate 7%
$418,586
$418.6K
Cap Rate 9%
$325,567
$325.6K
Market Conditions
NOI Build-Up for 1,964 SF
Gross rent
$42.4K $21.60/SF
− Vacancy
−$564 −$0.29/SF
EGI
$41.9K $21.31/SF
− OpEx
−$12.6K −$6.39/SF
NOI
$29.3K $14.92/SF
Area
Berkshire County, MA
Vacancy
1.33%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$586,020
Cap Rate 7%
$418,586
Cap Rate 9%
$325,567
Alternative Uses
Best Use
Multifamily LT 5
$418.6K
$366.3K – $488.4K
NOI $29,301 @ 7.0% cap · market cap 8.03%
Second Best
Apartment 5plus
$383.4K
$335.5K – $447.3K
NOI $26,840 @ 7.0% cap · market cap 7.35%
Theoretical Best
Office A
$575.1K
$503.2K – $670.9K
NOI $40,254 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
285
Businesses Nearby
Explore this area
Business Placement
Demographics for 01230, MA
8,907
Population
5,025
Households
1.8
Avg Household Size
52
Median Age
49%
College-Educated
95%
High-School Grad
97.0 sq mi
ZIP Area
92
Density / Sq Mi
$82,871
Median Household Income
$40,397
Median Earnings
$1,286
Median Rent
$479,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
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 $365,000.
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
