Two-Building Residential Income
119-121 Tremont St Fall River, MA 02720
119-121 Tremont St, Fall River, MA, 02720
$1,350,000
For Sale
$1,350,000
MULTI_FAMILY - Fall River, MA
Property Size6,898 SF
Lot Size0.14 Acres
Price / SF$195.71
Days on Market115
Property Features for 119-121 Tremont St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- M
- Bedrooms
- 21
- Bathrooms
- 7
- Rooms
- Bedroom 14, Bedroom 3, Bathroom 4, Bedroom 4, Bathroom 3, Bedroom 5, Bedroom 7, Bedroom 2, Bedroom 10, Bedroom 6, Bedroom 19, Bedroom 16, Bathroom 7, Bathroom 2, Bedroom 18, Bedroom 1, Bedroom 11, Bedroom 8, Bathroom 6, Bedroom 21, Bedroom 15, Bedroom 17, Bedroom 9, Bathroom 5, Bedroom 20, Bedroom 12, Bedroom 13, Bathroom 1
- Parking
- 7
- Standard status
- Active
- APN
- M:0M13 B:0000 L:0049,2832263
- Size
- 6,898 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9127
Building Details
- Year built
- 1900
- Floors in Building
- 5
- Number of units
- 7
Listing agency
RE/MAX Vantage
(774) 992-0297
Listed by
Eddie Lopez
(508) 999-4424
Added: Mar 30 Updated: Jul 11 at 6:30AM Checked: Jul 22 at 9:06AM
MLS# 73493353
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 residential income property consists of two buildings on the same lot: a six-unit structure and an additional single-family home. The six units are described as having three-bedroom layouts that are identical across the building, with a space heater and a galley-style kitchen opening to a living/dining area. The separate single-family residence is described as having three bedrooms and one bath.
Both buildings share a large, off-street parking lot area.
The property is offered for sale in Fall River, Massachusetts.
Both buildings share a large, off-street parking lot area.
The property is offered for sale in Fall River, Massachusetts.
Key Highlights
- Rare 6‑unit multifamily plus an additional single‑family home on the same lot
- 6 units consist of 3‑bedroom layouts with identical unit floorplans
- Each 6‑unit apartment includes a space heater and galley‑style kitchen with open living/dining area
Local Financial Insights For Apartment 5plus
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 | $223.5k | $32.40 |
| − Vacancy | −$15.2k | −$2.20 |
| EGI | $208.3k | $30.20 |
| − OpEx | −$93.7k | −$13.59 |
| NOI | $114.6k | $16.61 |
6,898 SF · lease $32.40/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.64M
$1.43M – $1.91M
NOI $114,564 @ 7.0% cap · market cap 8.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.20M
$3.68M – $4.90M
NOI $294,053 @ 7.0% cap · market cap 21.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Two buildings on one lot include a six-unit property and a separate single-family home with shared off-street parking.
Where is this apartment building located?
The property is located at 119-121 Tremont St Fall River, MA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Rare 6‑unit multifamily plus an additional single‑family home on the same lot; 6 units consist of 3‑bedroom layouts with identical unit floorplans; Each 6‑unit apartment includes a space heater and galley‑style kitchen with open living/dining area
