Fall River Multi-Family
1124 Bedford St, Fall River, MA 02723
MULTI_FAMILY - Fall River, MA
Property size:
3,201 SFLot size:
0.16 AcresPrice / SF:
$217/SF- Added:
- May 6, 2026
- Days on Market:
- 19
- Last Refresh:
- May 24 at 12:06 am
Property Features for 1124 Bedford St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- B
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bedroom 6, Bedroom 5, Bedroom 3, Bathroom 3, Bathroom 4, Bedroom 2, Bedroom 4, Bedroom 7, Bathroom 1, Bedroom 1, Bathroom 2
- Parking
- 13
- Standard status
- Active Under Contract
- APN
- M:0L10 B:0000 L:0046,2831238
- Size
- 3,201 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5289
Building Details
- Year built
- 1904
- Floors in Building
- 3
- Number of units
- 3
Listing agent Keller Williams Realty Evolution
Listing office Keller Williams Realty Evolution 301 Edgewater Place, Suite 100, Beverly, MA (781) 395-5600
Listing date May 6, 2026
MLS# 73514076
Listing URL
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.
HighLights
- Unit #3 delivered vacant at closing, ideal for owner‑occupancy or immediate rental income.
- Two new Navien natural gas heating systems and three new domestic hot water tanks ensure efficient and reliable utilities.
- Updated with quartz & granite throughout, hardwood floors, and new flooring in units.
- New 200 amp service & 100 amp unit panels, new lead‑free water line, and new water/sewer line to the street provide modern infrastructure.
- Five‑bay garage with large driveway offers ample parking and storage.
- Convenient location near South Coast Market Center, MBCR Fall River Depot, and Rts 24/195.
Overview
This well-maintained three-family property in Fall River presents an opportunity for both owner-occupants and investors. The property features curb appeal and a history of strong rental income. Unit #3 will be delivered vacant at closing. The home includes two lead certifications, two new Navien natural gas heating systems, and three new domestic hot water tanks. A new 200 amp service and 100 amp unit panels with a public meter have been installed, along with three separate gas meters, a new lead-free water line, and a new water/sewer line to the street. There are two washer and dryer hook-up stations for units #1 and #3, as well as a green space and a five-bay garage with a large driveway. The three units offer different layouts with functional flow and flexibility. Updates include quartz and granite countertops, hardwood floors combined with new carpet in Units #1 and #2, and new laminate wood flooring in Unit #3. Additional storage space is available in the basement. The property is ready for management or occupancy. Its location near the South Coast Market Center, MBCR Fall River Depot, and Rts 24/195 enhances its appeal as an investment. The property is situated on a lot of 0.1608 acres and the building size is 3201 square feet.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$635.6K
NOI $57,205 @ 9.00% cap · cautious / downside scenario
Moderate
$817.2K
NOI $57,205 @ 7.00% cap · market / base-case scenario
Aggressive
$1.14M
NOI $57,205 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $88.3k | $27.60 |
| − Vacancy | −$6.6k | −$2.07 |
| EGI | $81.7k | $25.53 |
| − OpEx | −$24.5k | −$7.66 |
| NOI | $57.2k | $17.87 |
3,201 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$817.2K
$715.1K – $953.4K
NOI $57,205 @ 7.0% cap · market cap 8.23%
Second Best
Apartment 5plus
$759.5K
$664.5K – $886.1K
NOI $53,163 @ 7.0% cap · market cap 7.65%
Theoretical Best
Office A
$1.95M
$1.71M – $2.27M
NOI $136,455 @ 7.0% cap · market cap 19.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Fall River
- County
- Bristol
- State
- Massachusetts
- Longitude
- -71.135123
- Latitude
- 41.698372
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Well-maintained three-family property with strong rental history.
Where is this triplex located?
The property is located at 1124 Bedford St Fall River, 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: Unit #3 delivered vacant at closing, ideal for owner‑occupancy or immediate rental income.; Two new Navien natural gas heating systems and three new domestic hot water tanks ensure efficient and reliable utilities.; Updated with quartz & granite throughout, hardwood floors, and new flooring in units.
