Triplex with Detached
For Sale
$685,000
Pending
46 Grove Street, Taunton, MA 02780
Three-unit property with flexible month-to-month occupancy and dedicated off-street parking.
Property Size2,360 SF
Days on Market155
Property Features for 46 Grove Street
General Information
Standard status
Pending
Size
2,360 SF
Total Parking Spaces
9
Property subtype
Multi-family / 3 Family - 3 Units Up/Down
Zoning
URBRES
Net Operating Income
$48,000
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,075
Amenities
No
Range, Refrigerator
3.0
Full, Unfinished Basement
Living Room, Kitchen
3
3.00
Frame
Shingle
Cleared
Rain Gutters
Building Details
Year Built
1900
Buildings
1
Tenancy
Multi
Listing Agency:
Keller Williams Elite
(508) 695-4545
Listed By:
Tiffany Weigold · License #9566928
(508) 695-4545
Source:
Compass
Added: Mar 31
Changed: Aug 31
Last Checked: Aug 31 at 1:58AM
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 Taunton triplex contains 2,360 square feet across three residential units: two apartments with two bedrooms and one bathroom each, plus a third-floor one-bedroom, one-bath apartment. The building dates to 1900 and includes a full unfinished basement, frame construction, shingle exterior, and rain gutters.
A detached two-car garage accompanies the property, along with six additional off-street parking spaces. All three tenants occupy their units on month-to-month arrangements. Located at 46 Grove Street in Taunton, the property is near local amenities, shopping, and major routes. URBRES zoning is identified for the parcel.
A detached two-car garage accompanies the property, along with six additional off-street parking spaces. All three tenants occupy their units on month-to-month arrangements. Located at 46 Grove Street in Taunton, the property is near local amenities, shopping, and major routes. URBRES zoning is identified for the parcel.
Key Highlights
- Three‑unit layout with two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
- 2,360 square feet in a building constructed in 1900
- Detached 2‑car garage plus 6 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
Current Use
Lease Details
3
Residential units
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 property with flexible month-to-month occupancy and dedicated off-street parking.
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 $685,000.
What are key features of this property?
This property features: Three‑unit layout with two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; 2,360 square feet in a building constructed in 1900; Detached 2‑car garage plus 6 additional off‑street parking spaces
