Three-Unit Multifamily
For Sale
$729,999
82 Snell St, Fall River, MA 02721
Residential Income, Fall River, MA
Property Size3,917 SF
Lot Size0.14 Acres
Price / SF$186.37
Days on Market53
Property Features for 82 Snell St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 8, Bedroom 4, Bedroom 9, Bedroom 3, Bedroom 6, Bedroom 5, Bedroom 7
Parking
7
Elementary school
Greene School
Middle school
Matthew J. Kuss
High school
B.M.C Durfee
Directions
GPS,WAZE
Standard status
Active
APN
M:0I14 B:0000 L:0062,2828347
Size
3,917 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6647
Building Details
Year built
1900
Floors in Building
3
Number of units
3
Listing Agency:
RE/MAX Synergy · RE/MAX International
(508) 857-5392
Listed By:
Luis B Martins
(774) 360-1997
Added: Jul 15
Changed: Sep 5
Last Checked: Sep 5 at 5:06PM
MLS# 73549786
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 three-family property contains 3,917 square feet and was built in 1900. The first-floor apartment has 4 bedrooms, while the two upper units each include 3 bedrooms. All three apartments provide living and dining rooms, with flooring that includes hardwood, laminate, and tile. Separate utilities serve each unit.
The third floor also includes 2 unfinished rooms outside the primary apartment layout. The basement provides space for individual storage areas and potential coin-operated laundry equipment. Exterior features include a spacious backyard and detached garage that can support parking or additional storage. The property is located near shopping, restaurants, schools, highways, and public transportation in Fall River, Massachusetts.
The third floor also includes 2 unfinished rooms outside the primary apartment layout. The basement provides space for individual storage areas and potential coin-operated laundry equipment. Exterior features include a spacious backyard and detached garage that can support parking or additional storage. The property is located near shopping, restaurants, schools, highways, and public transportation in Fall River, Massachusetts.
Key Highlights
- Three‑family property with 3,917 square feet
- First‑floor unit has 4 bedrooms; second- and third‑floor units have 3 bedrooms each
- Separate utilities serve each apartment
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
$65,054
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
8.91%
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%
$1,301,080
$1.3M
Cap Rate 7%
$929,343
$929.3K
Cap Rate 9%
$722,822
$722.8K
Market Conditions
NOI Build-Up for 3,917 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
$126.9K $32.40/SF
− Vacancy
−$8.6K −$2.20/SF
EGI
$118.3K $30.20/SF
− OpEx
−$53.2K −$13.59/SF
NOI
$65.1K $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%
$1,301,080
Cap Rate 7%
$929,343
Cap Rate 9%
$722,822
Alternative Uses
Best Use
Multifamily LT 5
$1.00M
$875.0K – $1.17M
NOI $70,001 @ 7.0% cap · market cap 9.59%
Second Best
Apartment 5plus
$929.3K
$813.2K – $1.08M
NOI $65,054 @ 7.0% cap · market cap 8.91%
Theoretical Best
Office A
$2.39M
$2.09M – $2.78M
NOI $166,977 @ 7.0% cap · market cap 22.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,674
Businesses Nearby
Explore this area
Business Placement
Demographics for 02721, MA
28,075
Population
12,358
Households
2.3
Avg Household Size
38
Median Age
15%
College-Educated
73%
High-School Grad
4.0 sq mi
ZIP Area
7,019
Density / Sq Mi
$50,666
Median Household Income
$40,315
Median Earnings
$1,010
Median Rent
$362,800
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 - Large apartment units feature separate utilities, shared basement storage potential, a backyard, and a detached garage.
Where is this triplex located?
The property is located at 82 Snell St Fall River, MA.
What is the asking price?
The asking price for this property is $729,999.
What are key features of this property?
This property features: Three‑family property with 3,917 square feet; First‑floor unit has 4 bedrooms; second- and third‑floor units have 3 bedrooms each; Separate utilities serve each apartment
