Three-Unit Property with Private
For Sale
$624,900
34 Everett St, Fall River, MA 02723
Residential Income, Fall River, MA
Property Size3,357 SF
Lot Size0.11 Acres
Price / SF$186.15
Days on Market20
Property Features for 34 Everett St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 2, Bedroom 6, Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 3, Bedroom 3, Bathroom 1, Bedroom 7
Parking
4
Directions
Right onto Alden St then right onto Everett St.
Standard status
Active
APN
M:000J B:0018 L:0019,2829439
Size
3,357 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6094
Amenities
fenced backyard
washer/dryer hookups
Building Details
Year built
1900
Floors in Building
3
Number of units
3
Listing Agency:
Keller Williams South Watuppa · Keller Williams Realty
(508) 677-3233
Listed By:
Clifford Ponte · License #9554597
(508) 677-3233
Added: Aug 8
Changed: Aug 24
Last Checked: Aug 27 at 2:06AM
MLS# 73561005
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 3,357-square-foot triplex contains three separate apartments, each arranged with a kitchen, dining room, living room, and full bathroom. The first-floor, two-bedroom unit is vacant, while the second-floor, three-bedroom apartment and third-floor, two-bedroom apartment are occupied by tenants at will.
The basement adds interior and exterior walkout access, storage space, and two sets of washer/dryer hookups. Exterior features include a fenced backyard and a private driveway with off-street parking for up to four vehicles. The property occupies 0.1125 acres at 34 Everett St in Fall River, with shopping, restaurants, schools, major highways, and public transportation identified in the surrounding area.
The basement adds interior and exterior walkout access, storage space, and two sets of washer/dryer hookups. Exterior features include a fenced backyard and a private driveway with off-street parking for up to four vehicles. The property occupies 0.1125 acres at 34 Everett St in Fall River, with shopping, restaurants, schools, major highways, and public transportation identified in the surrounding area.
Key Highlights
- 3,357‑square‑foot triplex built in 1900
- First‑floor two‑bedroom apartment is vacant; upper apartments have three and two bedrooms
- Each unit includes a kitchen, dining room, living room, and full bathroom
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
$55,754
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
8.92%
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%
$1,115,080
$1.1M
Cap Rate 7%
$796,486
$796.5K
Cap Rate 9%
$619,489
$619.5K
Market Conditions
NOI Build-Up for 3,357 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
$108.8K $32.40/SF
− Vacancy
−$7.4K −$2.20/SF
EGI
$101.4K $30.20/SF
− OpEx
−$45.6K −$13.59/SF
NOI
$55.8K $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%
$1,115,080
Cap Rate 7%
$796,486
Cap Rate 9%
$619,489
Alternative Uses
Best Use
Multifamily LT 5
$857.0K
$749.9K – $999.9K
NOI $59,993 @ 7.0% cap · market cap 9.60%
Second Best
Apartment 5plus
$796.5K
$696.9K – $929.2K
NOI $55,754 @ 7.0% cap · market cap 8.92%
Theoretical Best
Office A
$2.04M
$1.79M – $2.39M
NOI $143,105 @ 7.0% cap · market cap 22.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
974
Businesses Nearby
Explore this area
Business Placement
Demographics for 02723, MA
16,084
Population
7,976
Households
2
Avg Household Size
38
Median Age
13%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
10,053
Density / Sq Mi
$41,789
Median Household Income
$40,140
Median Earnings
$1,058
Median Rent
$312,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three apartments offer separate kitchens, dining rooms, living rooms, and full bathrooms.
Where is this triplex located?
The property is located at 34 Everett St Fall River, MA.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: 3,357‑square‑foot triplex built in 1900; First‑floor two‑bedroom apartment is vacant; upper apartments have three and two bedrooms; Each unit includes a kitchen, dining room, living room, and full bathroom
