Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    96 Wellington St Fall River, MA 02720

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $650,000

    Three-unit property in Fall River's desirable North End.

    Lot size:
    0.10 Acres

    Property Features for 96 Wellington St

    General Information

    Lot size
    0.10 Acres

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Christopher Mongeon
    Christopher Mongeon
    Source: Elliman

    Listing Agent: Christopher Mongeon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    North End Multi-Family Home

    Located in the North End of Fall River, this three-family home presents an investment or owner-occupant opportunity. The first-floor unit is a multi-level apartment extending into the basement, featuring 3 bedrooms, 2 full bathrooms, and 2 kitchens. This unit is currently rented for $2500 per month. The second floor includes two units: a remodeled 2-bedroom apartment, delivered vacant, and a studio unit currently rented for $1,450 per month. The property offers off-street parking with a private driveway and a backyard.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fall River
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.14931
    Latitude
    41.723835

    Nearby Similar for Sale

    • Contact for pricing
      0.69 Acres

      Fall River Commercial Space

      6,500 sqft commercial space for lease in Fall River.
      1533 S Main St, Fall River, MA 02724
      View Details
    • New
      $699,900
      3,810 SF

      Approved Five-Unit Project in Fall River

      Incomplete five-unit project in Fall River near future MBTA station.
      150 Purchase St, Fall River, MA 02720
      View Details
    • New
      $699,000
      3,876 SF

      Five-Unit Multifamily Investment Opportunity

      Income-generating five-unit property near transportation and shopping.
      207 Rodman St, Fall River, MA 02721
      View Details
    • New
      $619,900
      2,711 SF

      Fall River Multifamily Home

      Two-family home with modern updates and income potential.
      63 Brow St, Fall River, MA 02721
      View Details
    • New
      $969,000
      3,354 SF

      Updated Multifamily Investment Opportunity

      Fully updated four-unit multifamily property near amenities and major routes.
      169 Grant St, Fall River, MA 02721
      View Details
    • $639,900
      4,092 SF

      Renovated Two-Family with Expansion Potential

      Turn-key two-family with modern upgrades and expansion potential.
      271 Mulberry St, Fall River, MA 02721
      View Details
    • $714,900
      3,198 SF

      Fall River Multi-Family Property

      Multi-family property with recent renovations and reliable tenants.
      157 Earle St, Fall River, MA 02723
      View Details
    • New
      $150,000
      0.05 Acres

      Fall River Garage with Office

      Spacious garage with office, ideal for contractors or hobbyists.
      884 Cherry St, Fall River, MA 02720
      View Details
    • $329,000
      2,731 SF

      Multi-Family with Salon Potential

      Well-maintained multi-family property with salon and highway access.
      1244 Pleasant St, Fall River, MA 02723
      View Details
    • $750,000
      8,857 SF

      Fall River Commercial Property

      Two buildings with showroom, office, warehouse, and parking.
      798 Plymouth Ave, Fall River, MA 02721
      View Details
    • $600,000

      Versatile Commercial Property For Sale

      Commercial property with office and warehouse space in Fall River.
      138 Morgan St, Fall River, MA 02721
      View Details
    • $395,000

      Established Restaurant and Bar For Sale

      Well-established restaurant and bar with full liquor license for sale.
      1019 S Main St, Fall River, MA 02724
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Three-unit property in Fall River's desirable North End.
    Where is this multifamily property located?
    The property is located at 96 Wellington St Fall River, MA.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Located in the highly desirable North End of Fall River.; - First floor unit: **Spacious multi-level 3-bedroom apartment with 2 full bathrooms and 2 kitchens**, currently rented for $2500/month.; - Second floor: Remodeled 2-bedroom apartment delivered vacant and ready for new tenant.
    (774) 992-8511
    Request Owner's contact information
    96 Wellington St Fall River, MA 02720
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    96 Wellington St
    Fall River, MA 02720
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    96 Wellington St Fall River, MA 02720
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Christopher Mongeon
    Christopher Mongeon
    Real Estate License ID: 451503656
    (774) 992-8511 (774) 704-6877
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!