Renovated 3-Family Income
118 Maple Street Fall River, MA 02720
118 Maple Street, Fall River, MA, 02720
$729,000
For Sale
$729,000
Renovated 3-unit home with coin-operated laundry, street parking, and a driveway accommodating up to six vehicles.
Property Size3,764 SF
Price / SF$193.68
Days on Market153
Property Features for 118 Maple Street
General Information
- Standard status
- Active
- Size
- 3,764 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Lamacchia Realty,Inc.
Listed by
Jendel Oliveira
(781) 635-9022
Source
Lindorealtygroup
Added: Feb 18 Updated: Jul 21 at 12:36AM Checked: Jul 21 at 8:29AM
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 Lamacchia Realty,Inc.
Investment Insights
Based on property information with market context.
Welcome to this beautifully renovated 3-family home in Fall River’s Lower Highlands. The property is described as a turnkey, income-producing residence with thoughtful renovations that blend modern updates with classic character. Coin-operated laundry is available on-site, supporting convenient resident use.
The home is positioned to provide harbor views and is located near area amenities and access points, including scenic walking and biking trails, the boardwalk, parks, major highways, and the train station. Additional parking includes ample street parking plus a spacious driveway that can accommodate up to six vehicles.
This listing is back on the market due to a buyer’s financing. The offering includes a residential income structure comprising three units within a fully renovated package.
The home is positioned to provide harbor views and is located near area amenities and access points, including scenic walking and biking trails, the boardwalk, parks, major highways, and the train station. Additional parking includes ample street parking plus a spacious driveway that can accommodate up to six vehicles.
This listing is back on the market due to a buyer’s financing. The offering includes a residential income structure comprising three units within a fully renovated package.
Key Highlights
- Renovated 3‑family home built in 1900
- Coin‑operated laundry on‑site
- Street parking plus a spacious driveway that accommodates up to six vehicles
Local Financial Insights For Apartment 5plus
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 | $122.0k | $32.40 |
| − Vacancy | −$8.3k | −$2.20 |
| EGI | $113.7k | $30.20 |
| − OpEx | −$51.1k | −$13.59 |
| NOI | $62.5k | $16.61 |
3,764 SF · lease $32.40/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$960.9K
$840.8K – $1.12M
NOI $67,266 @ 7.0% cap · market cap 9.23%
Second Best
Apartment 5plus
$893.0K
$781.4K – $1.04M
NOI $62,513 @ 7.0% cap · market cap 8.58%
Theoretical Best
Office A
$2.29M
$2.01M – $2.67M
NOI $160,455 @ 7.0% cap · market cap 22.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Renovated 3-unit home with coin-operated laundry, street parking, and a driveway accommodating up to six vehicles.
Where is this triplex located?
The property is located at 118 Maple Street Fall River, MA.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: Renovated 3‑family home built in 1900; Coin‑operated laundry on‑site; Street parking plus a spacious driveway that accommodates up to six vehicles
