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Fall River Multifamily Investment

96 John St Fall River, MA 02721

Claim this Listing
Pending
$699,000

MULTI_FAMILY - Fall River, MA

Property size:
3,280 SF
Lot size:
0.13 Acres
Added:
May 19, 2026
Days on Market:
55
Last Refresh:
Jul 12 at 11:06 pm

Property Features for 96 John St

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
A-2
Bedrooms
10
Bathrooms
4
Rooms
Bedroom 7, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 10, Bedroom 9, Bedroom 4, Bedroom 2, Bedroom 6, Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 8
Parking
3
Standard status
Pending
APN
M:0I16 B:0000 L:0020,2828448
Size
3,280 SF
Lot size
0.13 Acres

Taxes and HOA fees

Tax Year
2026
Tax Annual Amount
4655

Building Details

Year built
1900
Floors in Building
3
Number of units
3

Listing agent Clifford Ponte License #9554597

Listing office Keller Williams South Watuppa 275 Martine Street, Unit 109, Fall River, MA

Listing date May 19, 2026

MLS# 73521519 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.


Investment Insights

Based on property information with market context.

This Fall River multifamily property presents an opportunity for investors or owner-occupants. Currently configured as a three-family residence, it generates $4,250 per month from two tenant-at-will units. A vacant two-bedroom unit is available for immediate occupancy or rental. The first floor features a 1,600+ square foot, six-bedroom layout that could potentially be divided into two separate units. The third-floor walkup, consisting of eight rooms currently used for storage, offers additional renovation potential. The property has separate utilities and a newly installed fifth electric panel and meter. It utilizes gas heating and city water/sewer. All units have deleading certificates. Recent updates include new LVP flooring, paint, doors, bathroom remodels, and some appliances, along with other interior improvements. The property includes three off-street parking spots and a spacious fenced-in backyard. It offers convenient highway access and is located near the historic Lizzie Borden house and Terra Nostra restaurant, and is approximately five minutes from the MBTA commuter rail. The lot size is 0.125 acres, and the property size is 3,280 square feet. The zoning is A-2.

Key Highlights

  • 1900‑built 3‑family in Fall River with $4,250/mo income from two TAW units
  • Vacant 2‑bedroom unit offers an owner‑occupant option or ability to re‑lease
  • 1st‑floor features a 1,600+ SF 6‑bedroom layout that could be split into two units

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 $90.5k $27.60
− Vacancy −$6.8k −$2.07
EGI $83.7k $25.53
− OpEx −$25.1k −$7.66
NOI $58.6k $17.87
3,280 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$837.4K
$732.7K – $977.0K (±1% cap)
NOI $58,617 @ 7.0% cap · market cap 8.39%
Second Best
Apartment 5plus
$778.2K
$680.9K – $907.9K (±1% cap)
NOI $54,475 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M (±1% cap)
NOI $139,822 @ 7.0% cap · market cap 20.00%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Parking Lot & Garage (Bike/Boat/Book/etc) Store Pet Grooming Service Tattoo & Piercing Shop Florist Cosmetic Store Clothing & Fashion Store Locksmith (Bike/Boat/Book/etc) Store Restaurant

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

FAQs

What type of property is this?
Triplex - Three-family property with expansion potential near historic landmarks.
Where is this triplex located?
The property is located at 96 John St Fall River, MA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 1900‑built 3‑family in Fall River with $4,250/mo income from two TAW units; Vacant 2‑bedroom unit offers an owner‑occupant option or ability to re‑lease; 1st‑floor features a 1,600+ SF 6‑bedroom layout that could be split into two units
Contact an agent
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