Fall River Triplex with
1124 Bedford St Fall River, MA 02723
1124 Bedford St, Fall River, MA, 02723
$695,000
For Sale
$695,000
Updated three-family property with garage and strong rental history.
Property Size3,201 SF
Price / SF$217.12
Days on Market83
Property Features for 1124 Bedford St
General Information
- Standard status
- Active
- Size
- 3,201 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1904
Listing Agency
Keller Williams Realty Evolution
Listed by
Reis Real Estate & Co., Inc.
Source
Reishomesearch
Added: Apr 26 Checked: Jul 10 at 2:40 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Evolution
Investment Insights
Based on property information with market context.
This three-family property presents an opportunity for owner-occupants or investors, featuring curb appeal and a history of successful rentals. Unit #3 will be delivered vacant at closing. The property includes two lead certifications, two new Navien natural gas heating systems, and three new domestic hot water tanks. A new 200 amp service and 100 amp unit panels with a public meter have been installed, along with three separate gas meters, a new lead-free water line, and a new water/sewer line to the street. There are two washer/dryer hook-up stations for units #1 and #3, a green space, and a five-bay garage with a large driveway. The three units offer different layouts with functional flow and flexibility. Updates include quartz and granite countertops, hardwood floors, new carpet in Units #1 and #2, and new laminate wood flooring in Unit #3. Additional storage space is available in the basement. The property is move-in ready. Its location near the South Coast Market Center, MBCR Fall River Depot, and Routes 24/195 enhances its appeal as an investment.
Key Highlights
- Unit #3 delivered vacant - ideal for owner‑occupancy or immediate rental income.
- Two new Navien natural gas heating systems and three new domestic hot water tanks.
- Updated interiors with quartz and granite countertops, hardwood floors, and new flooring in units #1, #2 and #3.
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 | $88.3k | $27.60 |
| − Vacancy | −$6.6k | −$2.07 |
| EGI | $81.7k | $25.53 |
| − OpEx | −$24.5k | −$7.66 |
| NOI | $57.2k | $17.87 |
3,201 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$817.2K
$715.1K – $953.4K
NOI $57,205 @ 7.0% cap · market cap 8.23%
Second Best
Apartment 5plus
$759.5K
$664.5K – $886.1K
NOI $53,163 @ 7.0% cap · market cap 7.65%
Theoretical Best
Office A
$1.95M
$1.71M – $2.27M
NOI $136,455 @ 7.0% cap · market cap 19.63%
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 - Updated three-family property with garage and strong rental history.
Where is this triplex located?
The property is located at 1124 Bedford St Fall River, MA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Unit #3 delivered vacant - ideal for owner‑occupancy or immediate rental income.; Two new Navien natural gas heating systems and three new domestic hot water tanks.; Updated interiors with quartz and granite countertops, hardwood floors, and new flooring in units #1, #2 and #3.
