Fall River Multifamily
96 John St, Fall River, MA 02721
MULTI_FAMILY - Fall River, MA
Property size:
3,280 SFLot size:
0.13 AcresPrice / SF:
$213/SF- Added:
- May 19, 2026
- Days on Market:
- 10
- Last Refresh:
- May 28 at 4:06 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 6, Bathroom 3, Bedroom 7, Bathroom 4, Bedroom 8, Bathroom 2, Bedroom 3, Bedroom 9, Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 10, Bedroom 4
- Parking
- 3
- Standard status
- Active
- 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 (508) 677-3233
Listing office Keller Williams South Watuppa 275 Martine Street, Unit 109, Fall River, MA (508) 677-3233
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.
HighLights
- High Income Potential: Currently generating $4,250/month with value‑add expansion possibilities.
- Vacant 2‑Bedroom Unit: Ideal for owner‑occupancy or immediate rental income.
- Expansion Opportunities: The 1st floor can be split into two units, and the 3rd‑floor walkup can be refinished.
- Separated Utilities & New Electric Panel: Utilities are separated with a newly installed 5th electric panel and meter.
- Recent Updates & Deleading Certificates: Includes new flooring, paint, bathroom remodels, and all units have deleading certificates.
- Convenient Location: Easy highway access, near attractions, and 5 minutes to the MBTA commuter rail.
Overview
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.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$651.3K
NOI $58,617 @ 9.00% cap · cautious / downside scenario
Moderate
$837.4K
NOI $58,617 @ 7.00% cap · market / base-case scenario
Aggressive
$1.17M
NOI $58,617 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| 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 Use Scenarios
Best Use
Multifamily LT 5
$837.4K
$732.7K – $977.0K
NOI $58,617 @ 7.0% cap · market cap 8.39%
Second Best
Apartment 5plus
$778.2K
$680.9K – $907.9K
NOI $54,475 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $139,822 @ 7.0% cap · market cap 20.00%
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
- -71.15455
- Latitude
- 41.69603
Nearby Similar for Sale
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: High Income Potential: Currently generating $4,250/month with value‑add expansion possibilities.; Vacant 2‑Bedroom Unit: Ideal for owner‑occupancy or immediate rental income.; Expansion Opportunities: The 1st floor can be split into two units, and the 3rd‑floor walkup can be refinished.
