Three-Unit Triplex with Detached
For Sale
$685,000
46 Grove St, Taunton, MA 02780
MULTI_FAMILY - Taunton, MA
Property Size2,360 SF
Lot Size0.13 Acres
Price / SF$290.25
Days on Market131
Property Features for 46 Grove St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
URBRES
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 2, Bedroom 1
Parking
9
Directions
Please use GPS
Standard status
Active
APN
M:54 L:307 U:,2970509
Size
2,360 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5075
Building Details
Year built
1900
Floors in Building
3
Number of units
3
Listing Agency:
Keller Williams Elite · Keller Williams Realty
(508) 695-4545
Added: Mar 31
Changed: Aug 1
Last Checked: Aug 8 at 8:06PM
MLS# 73493850
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained three-unit triplex (built in 1900) totals 2,360 square feet on a 0.13-acre lot. The building includes two second-floor two-bedroom, one-bath units and a third-floor one-bedroom, one-bath unit, providing a mix of layouts for tenants or an owner-occupant configuration.
Tenants are all month-to-month, offering flexibility for future use or rent adjustments. Parking is supported by a detached two-car garage plus six additional off-street spaces. The property is located in Taunton near local amenities, shopping, and major routes, and is zoned URBRES.
For buyers looking for a property that can support both living and leasing, this triplex combines multiple unit types with convenient off-street parking and adaptable tenancy terms.
Tenants are all month-to-month, offering flexibility for future use or rent adjustments. Parking is supported by a detached two-car garage plus six additional off-street spaces. The property is located in Taunton near local amenities, shopping, and major routes, and is zoned URBRES.
For buyers looking for a property that can support both living and leasing, this triplex combines multiple unit types with convenient off-street parking and adaptable tenancy terms.
Key Highlights
- Two two‑bedroom, one‑bath units plus one third‑floor one‑bedroom, one‑bath unit
- All tenants are month‑to‑month
- Detached two‑car garage plus six additional off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,176
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$843,520
$843.5K
Cap Rate 7%
$602,514
$602.5K
Cap Rate 9%
$468,622
$468.6K
Market Conditions
NOI Build-Up for 2,360 SF
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.
Gross rent
$65.1K $27.60/SF
− Vacancy
−$4.9K −$2.07/SF
EGI
$60.3K $25.53/SF
− OpEx
−$18.1K −$7.66/SF
NOI
$42.2K $17.87/SF
Area
Bristol County, MA
Vacancy
7.50%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$843,520
Cap Rate 7%
$602,514
Cap Rate 9%
$468,622
Alternative Uses
Best Use
Multifamily LT 5
$602.5K
$527.2K – $702.9K
NOI $42,176 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$559.9K
$489.9K – $653.3K
NOI $39,195 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,604 @ 7.0% cap · market cap 14.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,402
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-unit triplex with a detached garage and month-to-month tenants; URBRES zoning in Taunton.
Where is this triplex located?
The property is located at 46 Grove St Taunton, MA.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Two two‑bedroom, one‑bath units plus one third‑floor one‑bedroom, one‑bath unit; All tenants are month‑to‑month; Detached two‑car garage plus six additional off‑street parking spaces
