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Three-Family Property with Rental Income

128 Cambridge St, Fall River, MA 02721

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For Sale

$749,900

Three-family property featuring ten bedrooms and strong rental potential.

Type:3 Family

Property size:

3,276 SF

Price / SF:

$228/SF

HighLights

Second‑floor unit delivered vacant, offering flexibility for owner‑occupancy or market‑rent setting.
Strong rental income potential from three units (3‑family property).
Total of 10 bedrooms across all units.
Seller contribution towards buyer's interest rate buy‑down.
Separate utilities for each unit.
Three off‑street parking spaces.

We can help!

Listing Contact

Zachary Midwood

Learn more

For Sale

$749,900

Three-family property featuring ten bedrooms and strong rental potential.

Type:3 Family

Property size:

3,276 SF

Price / SF:

$228/SF

Added:: Apr 10, 2026
Days on Market:: 66
Last Refresh:: Apr 20 at 6:38 pm

Property Features for 128 Cambridge St

General Information

Standard status: Active
Size: 3,276 SF
Property subtype: 3 Family

Building Details

Year Built: 1900

We can help!

Listing Contact

Zachary Midwood

Listing agent Zachary Midwood

Listing office Divine Real Estate, Inc.

Listing date Apr 10, 2026

Source Lockandkeyre

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 Divine Real Estate, Inc.

HighLights

Second‑floor unit delivered vacant, offering flexibility for owner‑occupancy or market‑rent setting.
Strong rental income potential from three units (3‑family property).
Total of 10 bedrooms across all units.
Seller contribution towards buyer's interest rate buy‑down.
Separate utilities for each unit.
Three off‑street parking spaces.

Overview

This three-family property features a total of 10 bedrooms, offering a functional layout with strong rental potential. The first and second floors each contain three generously sized bedrooms with walk-in closets. The third floor features a four-bedroom unit, maximizing income opportunity. The second-floor unit will be delivered vacant, providing flexibility for an owner-occupant or the ability to set market rent. Additional features include separate utilities, baseboard heat on the first floor, laundry hookups in the basement, and three off-street parking spaces. This property is ideal for investors looking to expand their portfolio or a buyer seeking to live in one unit while generating rental income from the others. The property size is 3276 square feet.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$90.4k	$27.60
− Vacancy	−$6.8k	−$2.07
EGI	$83.6k	$25.53
− OpEx	−$25.1k	−$7.66
NOI	$58.5k	$17.87

3,276 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$836.4K

$731.8K – $975.8K (±1% cap)

NOI $58,545 @ 7.0% cap · market cap 7.81%

Second Best

Apartment 5plus

$777.3K

$680.1K – $906.8K (±1% cap)

NOI $54,409 @ 7.0% cap · market cap 7.26%

Theoretical Best

Office A

$2.00M

$1.75M – $2.33M (±1% cap)

NOI $139,652 @ 7.0% cap · market cap 18.62%

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

Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Fall River
County: Bristol
State: Massachusetts
Longitude: -71.1572961
Latitude: 41.6875786

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For sale
Triplexes
MA
Fall River
02721
128 Cambridge St

What type of property is this?

Triplex - Three-family property featuring ten bedrooms and strong rental potential.

Where is this triplex located?

The property is located at 128 Cambridge St Fall River, MA.

What is the asking price?

The asking price for this property is $749,900.

What are key features of this property?

This property features: Second‑floor unit delivered vacant, offering flexibility for owner‑occupancy or market‑rent setting.; Strong rental income potential from three units (3‑family property).; Total of 10 bedrooms across all units.