Three-Unit Multifamily
For Sale
Under Contract
$749,900
173 Kilburn St, Fall River, MA 02724
Residential Income, Fall River, MA
Property Size4,068 SF
Lot Size0.18 Acres
Price / SF$184.34
Days on Market27
Property Features for 173 Kilburn St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 7, Bathroom 2, Bathroom 3, Bedroom 9, Bedroom 8, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 6, Bathroom 1, Bedroom 5
Parking
8
Directions
Use GPS
Standard status
Active Under Contract
APN
M:000B B:0016 L:0017,2821360
Size
4,068 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7096
Amenities
backyard
Building Details
Year built
1900
Floors in Building
3
Number of units
3
Listing Agency:
RE/MAX Vantage · RE/MAX International
(774) 992-0297
Listed By:
Eddie Lopez
(508) 999-4424
Added: Aug 10
Changed: Sep 4
Last Checked: Sep 5 at 5:06AM
MLS# 73561662
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.
Built in 1900, this three-family property at 173 Kilburn St. contains 4,068 square feet of living space across three three-bedroom units. Each apartment has a triple-parlor layout, providing multiple living areas within the residences. The first-floor unit is vacant, while the property includes three bathrooms overall.
The 0.1752-acre lot adds a large backyard and a detached two-car garage. The property has remained with the same family for 103 years, according to the provided history. Its combination of three-bedroom apartments, substantial interior space, garage parking, and outdoor area defines the physical offering.
The 0.1752-acre lot adds a large backyard and a detached two-car garage. The property has remained with the same family for 103 years, according to the provided history. Its combination of three-bedroom apartments, substantial interior space, garage parking, and outdoor area defines the physical offering.
Key Highlights
- 4,068 square feet of living space in a three‑family property
- Three 3‑bedroom units, each with a triple‑parlor layout
- First‑floor unit is currently vacant
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
$67,562
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
9.01%
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%
$1,351,240
$1.4M
Cap Rate 7%
$965,171
$965.2K
Cap Rate 9%
$750,689
$750.7K
Market Conditions
NOI Build-Up for 4,068 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
$131.8K $32.40/SF
− Vacancy
−$9.0K −$2.20/SF
EGI
$122.8K $30.20/SF
− OpEx
−$55.3K −$13.59/SF
NOI
$67.6K $16.61/SF
Area
Bristol County, MA
Vacancy
6.80%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
45.00%
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%
$1,351,240
Cap Rate 7%
$965,171
Cap Rate 9%
$750,689
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$908.7K – $1.21M
NOI $72,699 @ 7.0% cap · market cap 9.69%
Second Best
Apartment 5plus
$965.2K
$844.5K – $1.13M
NOI $67,562 @ 7.0% cap · market cap 9.01%
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,414 @ 7.0% cap · market cap 23.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
836
Businesses Nearby
Explore this area
Business Placement
Demographics for 02724, MA
18,050
Population
8,808
Households
2
Avg Household Size
38
Median Age
15%
College-Educated
76%
High-School Grad
1.8 sq mi
ZIP Area
10,028
Density / Sq Mi
$49,809
Median Household Income
$42,334
Median Earnings
$1,105
Median Rent
$368,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three spacious three-bedroom apartments feature triple-parlor layouts, with the first-floor residence currently vacant.
Where is this triplex located?
The property is located at 173 Kilburn St Fall River, MA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 4,068 square feet of living space in a three‑family property; Three 3‑bedroom units, each with a triple‑parlor layout; First‑floor unit is currently vacant
