Three-Unit Residential Income
58 Tuttle St Fall River, MA 02724
58 Tuttle St, Fall River, MA, 02724
$699,900
For Sale
$699,900
MULTI_FAMILY - Fall River, MA
Property Size3,078 SF
Lot Size0.11 Acres
Price / SF$227.39
Days on Market15
Property Features for 58 Tuttle St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 8, Bedroom 1, Bathroom 3, Bedroom 4, Bedroom 6, Bedroom 7
- Parking
- 2
- Standard status
- Active
- APN
- M:0B16 B:0000 L:0025,2821368
- Size
- 3,078 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5023
Building Details
- Year built
- 1900
- Floors in Building
- 3
- Number of units
- 3
Listing agency
RE/MAX Vantage
(774) 992-0297
Listed by
Eddie Lopez
(508) 999-4424
Added: Jul 7 Updated: Jul 15 at 10:21PM Checked: Jul 21 at 7:06PM
MLS# 73545400
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 well-kept three-family residential income property includes two 3-bedroom units and one 2-bedroom unit. The units have been consistently maintained and Units 2 and 3 will be delivered vacant. The building features separate utilities for each unit plus a house meter. Updates include approximately 12-year-old roof and windows, and brand new electrical panels, along with vinyl siding.
Additional on-site features include two sets of washer/dryer hookups in the basement, a fenced back yard on three sides, and off-street parking. The property is located on a quiet side street directly behind Good Shepherd Parish, with convenient access to shopping, highways, and public transportation.
The offering provides a practical multi-family configuration for owners seeking rental income, with the delivered-vacant units offering immediate leasing flexibility for Units 2 and 3.
Additional on-site features include two sets of washer/dryer hookups in the basement, a fenced back yard on three sides, and off-street parking. The property is located on a quiet side street directly behind Good Shepherd Parish, with convenient access to shopping, highways, and public transportation.
The offering provides a practical multi-family configuration for owners seeking rental income, with the delivered-vacant units offering immediate leasing flexibility for Units 2 and 3.
Key Highlights
- 3‑family home built in 1900 in Fall River’s South End.
- Unit mix: two 3‑bedroom units and one 2‑bedroom unit.
- Units 2 & 3 will be delivered vacant.
Local Financial Insights For Multifamily LT 5
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 | $85.0k | $27.60 |
| − Vacancy | −$6.4k | −$2.07 |
| EGI | $78.6k | $25.53 |
| − OpEx | −$23.6k | −$7.66 |
| NOI | $55.0k | $17.87 |
3,078 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$785.8K
$687.6K – $916.8K
NOI $55,007 @ 7.0% cap · market cap 7.86%
Second Best
Apartment 5plus
$730.3K
$639.0K – $852.0K
NOI $51,120 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$1.87M
$1.64M – $2.19M
NOI $131,211 @ 7.0% cap · market cap 18.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-kept three-family with two 3-bedroom units and one 2-bedroom unit, separate utilities, and off-street parking.
Where is this triplex located?
The property is located at 58 Tuttle 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: 3‑family home built in 1900 in Fall River’s South End.; Unit mix: two 3‑bedroom units and one 2‑bedroom unit.; Units 2 & 3 will be delivered vacant.
