Three-Unit Residential Income
46 Grove Street Taunton, MA 02780
For Sale
$695,000
Three-family building offers two 2-bedroom units and one 1-bedroom unit, with month-to-month tenancies.
Property Size2,360 SF
Price / SF$294.49
Days on Market130
Property Features for 46 Grove Street
General Information
- Standard status
- Active
- Size
- 2,360 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing Agency:
Keller Williams Elite
Listed By:
Tiffany Weigold
(781) 545-3155
Source:
Grandgables
Added: Mar 20
Changed: Jul 22
Last Checked: Jul 23 at 7:04AM
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 Elite
Investment Insights
Based on property information with market context.
This well-maintained three-family property offers two 2-bedroom, 1-bath units and a third-floor 1-bedroom, 1-bath unit. All tenants are on month-to-month terms, providing flexibility for future use or potential rent adjustments.
The property includes a detached 2-car garage along with six additional off-street parking spaces, supporting convenient parking for residents.
Located in Taunton near local amenities, shopping, and major routes, the building is positioned for everyday accessibility.
The property includes a detached 2-car garage along with six additional off-street parking spaces, supporting convenient parking for residents.
Located in Taunton near local amenities, shopping, and major routes, the building is positioned for everyday accessibility.
Key Highlights
- 3‑family property built in 1900 with two 2‑bed, 1‑bath units and one 1‑bed, 1‑bath unit
- All tenants are month‑to‑month, offering flexibility for future use or rent adjustments
- Detached 2‑car garage plus 6 additional off‑street parking spaces
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 | $65.1k | $27.60 |
| − Vacancy | −$4.9k | −$2.07 |
| EGI | $60.3k | $25.53 |
| − OpEx | −$18.1k | −$7.66 |
| NOI | $42.2k | $17.87 |
2,360 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$602.5K
$527.2K – $702.9K
NOI $42,176 @ 7.0% cap · market cap 6.07%
Second Best
Apartment 5plus
$559.9K
$489.9K – $653.3K
NOI $39,195 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,604 @ 7.0% cap · market cap 14.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three-family building offers two 2-bedroom units and one 1-bedroom unit, with month-to-month tenancies.
Where is this triplex located?
The property is located at 46 Grove Street Taunton, MA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 3‑family property built in 1900 with two 2‑bed, 1‑bath units and one 1‑bed, 1‑bath unit; All tenants are month‑to‑month, offering flexibility for future use or rent adjustments; Detached 2‑car garage plus 6 additional off‑street parking spaces
