Renovated Multifamily with
600 Broadway, Fall River, MA 02724
MULTI_FAMILY - Fall River, MA
Property size:
4,121 SFLot size:
0.15 AcresPrice / SF:
$206/SF- Added:
- May 7, 2026
- Days on Market:
- 41
- Last Refresh:
- Jun 16 at 11:06 pm
Property Features for 600 Broadway
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-4
- Bedrooms
- 7
- Bathrooms
- 5
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 7, Bathroom 5, Bedroom 1, Bathroom 1, Bathroom 4
- Parking
- 4
- Standard status
- Active
- APN
- M:0G20 B:0000 L:0050,2826684
- Size
- 4,121 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6889
Building Details
- Year built
- 1914
- Floors in Building
- 3
- Number of units
- 3
Listing office Keller Williams Elite 25 Messenger Street, 2nd Floor, Plainville, MA (508) 695-4545
Listing date May 7, 2026
MLS# 73515138
Listing URL
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.
HighLights
- 5‑unit potential multifamily property built in 1914
- Newly renovated second‑floor unit with 3 bedrooms plus an office, full kitchen, and fresh hardwood flooring
- Second‑floor updates include recessed lighting and a brand new heating system, with updated electrical completed in 2024
- Fully finished basement plus expansive walk‑up attic with full ceiling height
- First floor includes two units, including one with direct access to the finished basement, featuring mini‑split AC
- Large driveway provides ample parking for all tenants
Overview
This multifamily property offers true 5-unit potential with a fully finished basement and an expansive walk-up attic featuring full ceiling height. The newly renovated second-floor unit includes fresh hardwood flooring, recessed lighting, three bedrooms plus an office, a full kitchen, and excellent closet space. Recent improvements include a brand new heating system and an updated electrical system completed in 2024. The first floor consists of two units, with one providing direct connection to the finished basement level to create an expanded layout. That connected layout includes mini-split AC and is well suited to an extended family arrangement or an additional guest suite.
The property includes a large driveway that provides parking for all tenants. It is located in Fall River, near schools, parks, shopping, and major highways, supporting convenient day-to-day access for residents.
With its renovated second-floor space and multiple living configurations across the basement and attic areas, the property can work for investors seeking a flexible unit strategy or owner-occupants looking to live in one portion while generating rental income from the remaining units. R-4 zoning is listed for the site, and the current configuration and improvements provide a practical basis for occupancy planning.
The property includes a large driveway that provides parking for all tenants. It is located in Fall River, near schools, parks, shopping, and major highways, supporting convenient day-to-day access for residents.
With its renovated second-floor space and multiple living configurations across the basement and attic areas, the property can work for investors seeking a flexible unit strategy or owner-occupants looking to live in one portion while generating rental income from the remaining units. R-4 zoning is listed for the site, and the current configuration and improvements provide a practical basis for occupancy planning.
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 | $113.7k | $27.60 |
| − Vacancy | −$8.5k | −$2.07 |
| EGI | $105.2k | $25.53 |
| − OpEx | −$31.6k | −$7.66 |
| NOI | $73.6k | $17.87 |
4,121 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$920.6K – $1.23M
NOI $73,646 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$977.8K
$855.5K – $1.14M
NOI $68,443 @ 7.0% cap · market cap 8.05%
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M
NOI $175,673 @ 7.0% cap · market cap 20.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Fall River
- County
- Bristol
- State
- Massachusetts
- Longitude
- -71.168913
- Latitude
- 41.692828
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Renovated 5-unit potential multifamily with finished basement and walk-up attic, plus a large driveway for tenant parking.
Where is this triplex located?
The property is located at 600 Broadway Fall River, MA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 5‑unit potential multifamily property built in 1914; Newly renovated second‑floor unit with 3 bedrooms plus an office, full kitchen, and fresh hardwood flooring; Second‑floor updates include recessed lighting and a brand new heating system, with updated electrical completed in 2024
