Fall River Multi-Family
1124 Bedford St, Fall River, MA 02723
- Added:
- May 6, 2026
- Days on Market:
- 49
- Last Refresh:
- Jun 23 at 4:06 am
Property Features for 1124 Bedford St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- B
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bedroom 6, Bedroom 7, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Bathroom 4, Bedroom 5, Bedroom 1
- Parking
- 13
- Standard status
- Pending
- APN
- M:0L10 B:0000 L:0046,2831238
- Size
- 3,201 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5289
Building Details
- Year built
- 1904
- Floors in Building
- 3
- Number of units
- 3
Listing agent Keller Williams Realty Evolution
Listing office Keller Williams Realty Evolution 301 Edgewater Place, Suite 100, Beverly, MA (781) 395-5600
Listing date May 6, 2026
MLS# 73514076
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
- Three‑family home built in 1904 with rental history; Unit #3 to be delivered vacant at closing.
- Two Navien natural gas heating systems plus three new domestic hot water tanks.
- New 200 amp service with 100 amp unit panels and public meter; three separate gas meters.
- New lead‑free water line and new water/sewer line to the street; two lead certs in hand.
- Updated interiors with quartz and granite throughout; hardwood floors plus new carpet in Units #1 & #2 and new laminate in Unit #3.
- 5‑bay garage with large driveway, plus washer/dryer hookup stations for Units #1 & #3 and additional basement storage.
Overview
This well-maintained three-family property in Fall River presents an opportunity for both owner-occupants and investors. The property features curb appeal and a history of strong rental income. Unit #3 will be delivered vacant at closing. The home 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 and dryer hook-up stations for units #1 and #3, as well as 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 combined with 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 ready for management or occupancy. Its location near the South Coast Market Center, MBCR Fall River Depot, and Rts 24/195 enhances its appeal as an investment. The property is situated on a lot of 0.1608 acres and the building size is 3201 square feet.
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 Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Fall River
- County
- Bristol
- State
- Massachusetts
- Longitude
- -71.135123
- Latitude
- 41.698372
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Well-maintained three-family property with 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: Three‑family home built in 1904 with rental history; Unit #3 to be delivered vacant at closing.; Two Navien natural gas heating systems plus three new domestic hot water tanks.; New 200 amp service with 100 amp unit panels and public meter; three separate gas meters.
