Six-Unit Apartment
For Sale
$995,000
Pending
124 Ash St, Fall River, MA 02724
Fully occupied apartment property with two-bedroom units, off-street parking, and recent system and interior improvements.
Property Size5,208 SF
Lot Size0.23 Acres
Days on Market64
Property Features for 124 Ash St
General Information
Standard status
Pending
Size
5,208 SF
Total Parking Spaces
6
Lot size
0.23 Acres
Property subtype
Residential Income
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
6 x 2BR
Multifamily Units
6
Additional Details
Gross Income
$116,000
Taxes and HOA fees
Annual Taxes
$9,425
Building Details
Year Built
1969
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
eXp Realty LLC
(888) 854-7493
Listed By:
Mario Pereira
(508) 951-6600
Source:
Exprealty
Added: Aug 15
Changed: Oct 6
Last Checked: Oct 16 at 12:50PM
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 eXp Realty LLC
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Investment Insights
Based on property information with market context.
This three-story apartment building contains six two-bedroom units within 5208 square feet of living space. The property is fully occupied and includes six off-street parking spaces. Improvements completed since 2020 include renovated bathrooms, new flooring, updated appliances, and an energy-efficient heating system. Separate electric meters serve the units, while heat and hot water are included in the rents.
Built in 1969, the building sits on a 0.23-acre lot in Fall River’s South End. The property offers access to nearby highway routes and is a short drive from Fall River Depot Station, part of the MBTA network. Its unit count, parking, utility metering, and recent upgrades provide a well-defined multifamily configuration.
Built in 1969, the building sits on a 0.23-acre lot in Fall River’s South End. The property offers access to nearby highway routes and is a short drive from Fall River Depot Station, part of the MBTA network. Its unit count, parking, utility metering, and recent upgrades provide a well-defined multifamily configuration.
Key Highlights
- Six fully occupied two‑bedroom units
- 5208 square feet of living space on a 0.23‑acre lot
- Six off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,496
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,729,920
$1.7M
Cap Rate 7%
$1,235,657
$1.2M
Cap Rate 9%
$961,067
$961.1K
Market Conditions
NOI Build-Up for 5,208 SF
Gross rent
$168.7K $32.40/SF
− Vacancy
−$11.5K −$2.20/SF
EGI
$157.3K $30.20/SF
− OpEx
−$70.8K −$13.59/SF
NOI
$86.5K $16.61/SF
Area
Bristol County, MA
Vacancy
6.80%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,729,920
Cap Rate 7%
$1,235,657
Cap Rate 9%
$961,067
Alternative Uses
Best Use
Apartment 5plus
$1.24M
$1.08M – $1.44M
NOI $86,496 @ 7.0% cap · market cap 8.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.17M
$2.78M – $3.70M
NOI $222,011 @ 7.0% cap · market cap 22.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,127
Businesses Nearby
Explore this area
Business Placement
Demographics for 02724, MA
18,050
Population
8,808
Households
2
Avg Household Size
38
Median Age
15%
College-Educated
76%
High-School Grad
1.8 sq mi
ZIP Area
10,028
Density / Sq Mi
$49,809
Median Household Income
$42,334
Median Earnings
$1,105
Median Rent
$368,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied apartment property with two-bedroom units, off-street parking, and recent system and interior improvements.
Where is this apartment building located?
The property is located at 124 Ash St Fall River, MA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Six fully occupied two‑bedroom units; 5208 square feet of living space on a 0.23‑acre lot; Six off‑street parking spaces
