Renovated Two-Unit Residential
833 Grinnell Street Fall River, MA 02721
833 Grinnell Street, Fall River, MA, 02721
$489,900
For Sale
$489,900
Two-family home with two-bedroom units, off-street parking, and updated heating and cooling systems.
Property Size1,804 SF
Price / SF$271.56
Days on Market36
Property Features for 833 Grinnell Street
General Information
- Standard status
- Active
- Size
- 1,804 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Stuart St James,Inc.
Listed by
Darin Thompson
(978) 658-2345
Source
Wilsonwolfe
Added: Jun 16 Updated: Jul 21 at 2:18AM Checked: Jul 21 at 5:55AM
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 Stuart St James,Inc.
Investment Insights
Based on property information with market context.
This extremely clean, well-maintained two-family home presents two separate units, each offering two bedrooms, a living room, dining room, kitchen, and a full bath. The first-floor unit has been extensively renovated, including a fully remodeled kitchen, new flooring, new baseboard trim, and fresh paint throughout. The property has also been freshly painted and power washed, with a move-in/rent-ready interior and exterior.
Additional improvements and conveniences include updated heating and cooling systems, a second-floor unit with central AC, included washer/dryer, usable basement storage, and off-street parking. A leased solar system with a fixed $125/month lease is also in place. The setting provides convenient access to highways, shopping, restaurants, local amenities, and area beaches.
Additional improvements and conveniences include updated heating and cooling systems, a second-floor unit with central AC, included washer/dryer, usable basement storage, and off-street parking. A leased solar system with a fixed $125/month lease is also in place. The setting provides convenient access to highways, shopping, restaurants, local amenities, and area beaches.
Key Highlights
- 2‑family home built in 1900; each unit has 2 bedrooms, living room, dining room, kitchen, and a full bath
- First‑floor unit extensively renovated with a fully remodeled kitchen, new flooring, new baseboard trim, and fresh paint throughout
- Second‑floor unit includes central A/C
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 | $49.8k | $27.60 |
| − Vacancy | −$3.7k | −$2.07 |
| EGI | $46.1k | $25.53 |
| − OpEx | −$13.8k | −$7.66 |
| NOI | $32.2k | $17.87 |
1,804 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$460.6K
$403.0K – $537.3K
NOI $32,239 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$428.0K
$374.5K – $499.4K
NOI $29,961 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$1.10M
$961.3K – $1.28M
NOI $76,902 @ 7.0% cap · market cap 15.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family home with two-bedroom units, off-street parking, and updated heating and cooling systems.
Where is this duplex located?
The property is located at 833 Grinnell Street Fall River, MA.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: 2‑family home built in 1900; each unit has 2 bedrooms, living room, dining room, kitchen, and a full bath; First‑floor unit extensively renovated with a fully remodeled kitchen, new flooring, new baseboard trim, and fresh paint throughout; Second‑floor unit includes central A/C
