Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    194 Albion St Fall River, MA 02723

    View on Map
    Sponsored
    For Sale
    $699,900

    MULTI_FAMILY - Fall River, MA

    Property size:
    3,894 SF
    Lot size:
    0.09 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 28 at 11:06 am

    Property Features for 194 Albion St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    G
    Rooms
    Bedroom 6, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 7, Bedroom 8, Bathroom 3, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    8
    Bathrooms
    3
    APN
    M:0L06 B:0000 L:0083,2831015
    Parking
    2
    Size
    3,894 SF
    Lot size
    0.09 Acres

    Building Details

    Year built
    1900
    Floors in Building
    3
    Number of units
    3

    We can help!

    Listing Contact
    Clifford Ponte

    Keller Williams South Watuppa

    Listing agent Clifford Ponte

    Listing date Mar 27, 2026

    MLS# 73492455

    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.

    Learn more

    Property Insight Report

    Overview

    Spacious Multi-Family Investment Opportunity

    This spacious 3-family property in Fall River, Massachusetts, presents an opportunity for investors and owner-occupants. The property offers income potential. The first-floor unit features multiple levels with 3 to 4 bedrooms, 2 bathrooms including a primary en-suite, a dining room, living room, flex room that offers additional bedroom potential or office/den, in-unit laundry, baseboard heat, and an updated kitchen with quartz countertops. The second-floor unit includes 2 to 3 bedrooms, an updated kitchen with quartz countertops, hardwood floors, and a freshly painted interior, heated by a space heater. The third-floor unit has a similar layout and is tenant-at-will. Both the first and second floors are move-in ready and have been updated. Updates include a roof that is approximately 8 years old, electrical upgrades including the house meter, exterior and interior paint, and rehabilitation of the first and second floors. Some windows have been replaced. The property also features a fenced yard and off-street parking. The lot size is 0.0878 acres. The property size is 3894 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fall River
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.133011
    Latitude
    41.695104

    Nearby Similar for Sale

    • New
      $639,900
      4,092 SF

      Renovated Two-Family with Expansion Potential

      Turn-key two-family with modern upgrades and expansion potential.
      271 Mulberry St, Fall River, MA 02721
      View Details
    • New
      $789,000
      3,437 SF

      Fall River Multi-Family Investment

      Investor-friendly three-family near park, generating rental income.
      27 Gagnon St, Fall River, MA 02723
      View Details
    • New
      $959,000
      3,354 SF

      Updated Multifamily Investment Property

      Fully updated four-unit multifamily property near amenities and major routes.
      169 Grant St, Fall River, MA 02721
      View Details
    • $699,000
      3,876 SF

      Five-Unit Multifamily Investment Opportunity

      Income-generating five-unit property near transportation and shopping.
      207 Rodman St, Fall River, MA 02721
      View Details
    • $619,900
      2,711 SF

      Fall River Multifamily Home

      Two-family home with modern updates and income potential.
      63 Brow St, Fall River, MA 02721
      View Details
    • New
      $499,900
      2,409 SF

      Updated Two-Family Home, Income Potential

      Spacious, updated two-family home with income potential in Fall River.
      654 3Rd St, Fall River, MA 02721
      View Details
    • $675,000
      3,798 SF

      Fall River Multifamily Investment Property

      Well-maintained four-unit property in Fall River's south end.
      158 Forest St, Fall River, MA 02721
      View Details
    • New
      $479,900
      1,685 SF

      Renovated Two-Family Home, Vacant

      Renovated two-family home with modern style and versatile living spaces.
      658 3Rd St, Fall River, MA 02721
      View Details
    • New
      $699,900
      3,810 SF

      Approved Five-Unit Project in Fall River

      Incomplete five-unit project in Fall River near future MBTA station.
      150 Purchase St, Fall River, MA 02720
      View Details
    • New
      $679,900
      4,423 SF

      Spacious Multi-Family in Fall River

      Three units, ample space, income potential, convenient location.
      550 June St, Fall River, MA 02720
      View Details
    • $475,000
      2,040 SF

      Updated Two-Family Home

      Renovated two-family home with investment potential in Fall River.
      928 Middle St, Fall River, MA 02721
      View Details
    • Contact for pricing
      0.69 Acres

      Fall River Commercial Space

      6,500 sqft commercial space for lease in Fall River.
      1533 S Main St, Fall River, MA 02724
      View Details

    FAQs

    What type of property is this?
    Triplex - Updated 3-family in Fall River with income potential.
    Where is this triplex located?
    The property is located at 194 Albion St Fall River, MA.
    What is the asking price?
    The asking price for this property is $699,900.
    What are key features of this property?
    This property features: - Strong income potential as a 3-family property.; - First and second floors are move-in ready and updated.; - Spacious first-floor unit featuring 3-4 bedrooms, 2 baths, including a primary en-suite, and in-unit laundry.
    (508) 677-3233
    Request Owner's contact information
    194 Albion St Fall River, MA 02723
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    194 Albion St
    Fall River, MA 02723
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    194 Albion St Fall River, MA 02723
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Clifford Ponte
    Real Estate License ID: 9554597
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!