Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    218 Plain St Fall River, MA 02723

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $799,900

    Six-unit apartment building in Fall River, great investment property.

    Lot size:
    0.10 Acres

    Property Features for 218 Plain St

    General Information

    Lot size
    0.10 Acres

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Adam Walorz
    Source: Elliman

    Listing Agent: Adam Walorz

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

    Learn more

    Overview

    Fall River Multifamily Investment Opportunity

    Located in Fall River, this well-maintained multifamily property at 218 Plain St features six 2-bedroom units, totaling over 4700 square feet. As an investment opportunity, the property offers separate utilities for each unit and includes appliances. The exterior features vinyl siding. The property is situated in a tenant/commuter-friendly location, providing convenient access to shopping, dining, highway, and parks. All tenants are TAW (Tenants at Will).
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Fall River
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.1409802
    Latitude
    41.7024499

    Nearby Similar for Sale

    • $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
      $745,000
      4,203 SF

      Fall River Multi-Family Property

      Well-maintained multi-family in Fall River's Highlands neighborhood with modern updates.
      2022-2030 Highland Ave, Fall River, MA 02720
      View Details
    • $499,900
      5,970 SF

      Downtown Fall River Multifamily Opportunity

      Approved 5-unit conversion in downtown Fall River with parking.
      452 S Main St, Fall River, MA 02721
      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
    • $769,900
      3,331 SF

      Updated Two-Family Home with Amenities

      Two-family home with updates, flexible space, and outdoor kitchen.
      493 Peckham St, Fall River, MA 02721
      View Details
    • $699,900
      4,197 SF

      Well-Kept Fall River Multi-Family

      Multi-family home in Fall River, ideal for investors/homebuyers.
      36 Palmer St, Fall River, MA 02724
      View Details
    • New
      $715,000
      3,876 SF

      Five-Unit Multifamily Investment Opportunity

      Well-maintained five-unit property with immediate cash flow potential.
      207 Rodman St, Fall River, MA 02721
      View Details
    • $880,000
      6,156 SF

      Mixed-Use Building Near Fall River Depot

      Five-unit mixed-use building near Fall River Depot with separate utilities.
      84 Cory St, Fall River, MA 02720
      View Details
    • $779,900
      7,874 SF

      Six-Family Property in Fall River

      Solid investment property with six units and rental growth potential.
      212-218 Lowell St, Fall River, MA 02721
      View Details
    • New
      $440,000
      1,344 SF

      Fall River Two-Family Home

      Well-maintained two-family home in Fall River, move-in ready.
      11 Palmer St, Fall River, MA 02724
      View Details
    • $549,900
      2,282 SF

      Charming Two-Family Cottage Style Home

      Two-unit property with rental income potential in Fall River, MA.
      23 Lexington St, Fall River, MA 02723
      View Details
    • $625,000
      5,604 SF

      Fall River Multi-Family Home

      Well-maintained 4-family home in prime Fall River location.
      151 Whipple St, Fall River, MA 02721
      View Details

    FAQs

    What type of property is this?
    Apartment building - Six-unit apartment building in Fall River, great investment property.
    Where is this apartment building located?
    The property is located at 218 Plain St Fall River, MA.
    What is the asking price?
    The asking price for this property is $799,900.
    What are key features of this property?
    This property features: - Best priced 6-unit building in the city.; - Massive 4700+ S.F. building with 6 total apartments.; - Excellent tenant/commuter location near shopping, dining, and highway access.
    (508) 807-8012
    Request Owner's contact information
    218 Plain St Fall River, MA 02723
    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.
    218 Plain St
    Fall River, MA 02723
    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
    218 Plain St Fall River, MA 02723
    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
    Adam Walorz
    (508) 807-8012
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.