Three-Unit Multifamily
For Sale
$749,900
173 Kilburn St, Fall River, MA 02724
Three-bedroom apartments feature triple-parlor layouts, a two-car garage, and a spacious backyard.
Property Size4,068 SF
Days on Market9
Property Features for 173 Kilburn St
General Information
Standard status
Active
Size
4,068 SF
Total Parking Spaces
8
Property subtype
Residential Income
Units
Unit Mix
3 x 3BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,096
Amenities
large backyard
Building Details
Building Size
4,068 SF
Year Built
1900
Buildings
1
Stories
3
Units
3
Listing Agency:
RE/MAX Vantage
(508) 951-4104
Listed By:
Team Roso
(508) 951-4104
Source:
Startpoint
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 20 at 1:46PM
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 RE/MAX Vantage
Investment Insights
Based on property information with market context.
Built in 1900, this three-unit multifamily property contains over 4,000 square feet of living space. Each apartment includes three bedrooms and a triple-parlor layout, creating substantial room for living and entertaining. The first-floor unit is vacant, while the property’s other two units remain part of the existing three-family configuration.
Exterior amenities include a 2-car garage and a large backyard. The property has remained in the same family for 103 years and is located at 173 Kilburn St in Fall River, Massachusetts.
Exterior amenities include a 2-car garage and a large backyard. The property has remained in the same family for 103 years and is located at 173 Kilburn St in Fall River, Massachusetts.
Key Highlights
- Three‑unit property with over 4,000 square feet of living space
- Three 3‑bedroom units with triple‑parlor layouts
- First‑floor unit is currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$67,562
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,351,240
$1.4M
Cap Rate 7%
$965,171
$965.2K
Cap Rate 9%
$750,689
$750.7K
Market Conditions
NOI Build-Up for 4,068 SF
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.
Gross rent
$131.8K $32.40/SF
− Vacancy
−$9.0K −$2.20/SF
EGI
$122.8K $30.20/SF
− OpEx
−$55.3K −$13.59/SF
NOI
$67.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,351,240
Cap Rate 7%
$965,171
Cap Rate 9%
$750,689
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$908.7K – $1.21M
NOI $72,699 @ 7.0% cap · market cap 9.69%
Second Best
Apartment 5plus
$965.2K
$844.5K – $1.13M
NOI $67,562 @ 7.0% cap · market cap 9.01%
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,414 @ 7.0% cap · market cap 23.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
836
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-bedroom apartments feature triple-parlor layouts, a two-car garage, and a spacious backyard.
Where is this triplex located?
The property is located at 173 Kilburn 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: Three‑unit property with over 4,000 square feet of living space; Three 3‑bedroom units with triple‑parlor layouts; First‑floor unit is currently vacant
