Fall River Triplex with
For Sale
$695,000
Pending
1124 Bedford St, Fall River, MA 02723
Updated three-family property with garage and strong rental history.
Property Size3,201 SF
Days on Market173
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Property Features for 1124 Bedford St
General Information
Standard status
Pending
Size
3,201 SF
Total Parking Spaces
18
Property subtype
Multi-Family
Zoning
B
Amenities
Baseboard, Natural Gas, Unit Control, Space Heater
Washer Hookup, Dryer Hookup, Gas Dryer Hookup
Tile, Carpet, Hardwood, Wood
Range, Refrigerator, ENERGY STAR Qualified Refrigerator
Ceiling Fan(s), Lead Certification Available, Bathroom with Shower Stall, Bathroom With Tub & Shower, Open Floorplan, Stone/Granite/Solid Counters, Living Room, Dining Room, Kitchen, Office/Den
Fenced
Yes
Shingle,Rubber
5.0
Rain Gutters, Garden
Public Transportation, Shopping, Park, Laundromat, Highway Access, House of Worship, Public School, T-Station
for Gas Range, for Electric Range, for Gas Oven, for Gas Dryer, Washer Hookup, Varies per Unit
18
Building Details
Building Size
3,201 SF
Year Built
1904
Stories
3
Listing Agency:
Keller Williams Realty Evolution
Listed By:
Stonehurst RE Group
(781) 454-8880
Source:
Reishomesearch
Added: Apr 26
Changed: Aug 8
Last Checked: Jul 10 at 2:40AM
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,205
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,144,100
$1.1M
Cap Rate 7%
$817,214
$817.2K
Cap Rate 9%
$635,611
$635.6K
Market Conditions
NOI Build-Up for 3,201 SF
Gross rent
$88.3K $27.60/SF
− Vacancy
−$6.6K −$2.07/SF
EGI
$81.7K $25.53/SF
− OpEx
−$24.5K −$7.66/SF
NOI
$57.2K $17.87/SF
Area
Bristol County, MA
Vacancy
7.50%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,144,100
Cap Rate 7%
$817,214
Cap Rate 9%
$635,611
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,026
Businesses Nearby
Explore this area
Business Placement
Demographics for 02723, MA
16,084
Population
7,976
Households
2
Avg Household Size
38
Median Age
13%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
10,053
Density / Sq Mi
$41,789
Median Household Income
$40,140
Median Earnings
$1,058
Median Rent
$312,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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.
