Six-Unit One-Bedroom Apartment
123 Sconticut Neck Road Fairhaven, MA 02719
123 Sconticut Neck Road, Fairhaven, MA, 02719
$1,100,000
For Sale
$1,100,000
Fully occupied apartment building with six one-bedroom units and ample off-street parking.
Property Size3,370 SF
Price / SF$326.41
Days on Market135
Property Features for 123 Sconticut Neck Road
General Information
- Standard status
- Active
- Size
- 3,370 SF
- Property subtype
- Multi-family / 5+ Family - 5+ Units Up/Down
Building Details
- Year Built
- 1940
Listing agency
Gibson Associates Realty, LLC
(508) 272-0606
Listed by
Chris L. Gibson · License #9529013
(508) 272-0606
Source
Compass
Added: Mar 9 Updated: Jul 21 at 5:58AM Checked: Jul 21 at 5:58AM
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 Gibson Associates Realty, LLC
Investment Insights
Based on property information with market context.
This fully occupied multifamily property features six one-bedroom units and ample off-street parking. Updates completed within the past ten years include roof and exterior paint, and the building also has a large storage shed for tenant and operational storage needs.
The property is located on Sconticut Neck Road in Fairhaven, MA, with stated proximity to area amenities, the Fairhaven Bike Path, and local beaches.
The unit mix is six one-bedroom apartments, providing a straightforward configuration for an owner seeking a stabilized residential income property.
The property is located on Sconticut Neck Road in Fairhaven, MA, with stated proximity to area amenities, the Fairhaven Bike Path, and local beaches.
The unit mix is six one-bedroom apartments, providing a straightforward configuration for an owner seeking a stabilized residential income property.
Key Highlights
- Fully occupied apartment building with six 1‑bedroom units
- 6 full bathrooms; frame construction on a level lot
- Ample off‑street parking available for residents
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 | $109.2k | $32.40 |
| − Vacancy | −$7.4k | −$2.20 |
| EGI | $101.8k | $30.20 |
| − OpEx | −$45.8k | −$13.59 |
| NOI | $56.0k | $16.61 |
3,370 SF · lease $32.40/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$799.6K
$699.6K – $932.8K
NOI $55,970 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.05M
$1.80M – $2.39M
NOI $143,659 @ 7.0% cap · market cap 13.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Fully occupied apartment building with six one-bedroom units and ample off-street parking.
Where is this apartment building located?
The property is located at 123 Sconticut Neck Road Fairhaven, MA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Fully occupied apartment building with six 1‑bedroom units; 6 full bathrooms; frame construction on a level lot; Ample off‑street parking available for residents
