Triplex with Fenced
For Sale
$599,000
231 County St, Fall River, MA 02723
Three residential units include a full basement, fenced yard, and on-site parking.
Property Size2,328 SF
Days on Market8
Property Features for 231 County St
General Information
Standard status
Active
Size
2,328 SF
Total Parking Spaces
1
Property subtype
Investment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,096
Amenities
full basement
fenced yard
Building Details
Building Size
2,328 SF
Year Built
1900
Stories
3
Units
3
Listing Agency:
(617) 318-7551
Listed By:
Valencia Jacobs Brown
(617) 318-7551
Source:
Elliman
Added: Aug 14
Changed: Aug 17
Last Checked: Aug 20 at 10:03AM
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 Valencia Jacobs Brown
Investment Insights
Based on property information with market context.
Built in 1900, this three-unit residential property contains 6 bedrooms and 3 full bathrooms arranged across the units. The property also includes a full basement, a fenced yard, and one on-site parking space.
Located at 231 County St in Fall River, the property is near shopping, schools, highway access, and local amenities. The Fall River commuter rail station is approximately 2 miles away. Walk Score is 89, Bike Score is 63, and Transit Score is 43.
Located at 231 County St in Fall River, the property is near shopping, schools, highway access, and local amenities. The Fall River commuter rail station is approximately 2 miles away. Walk Score is 89, Bike Score is 63, and Transit Score is 43.
Key Highlights
- Three‑unit property with 6 bedrooms and 3 full bathrooms
- Built in 1900 with a full basement
- Fenced yard included
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
$41,604
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
6.95%
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%
$832,080
$832.1K
Cap Rate 7%
$594,343
$594.3K
Cap Rate 9%
$462,267
$462.3K
Market Conditions
NOI Build-Up for 2,328 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
$64.3K $27.60/SF
− Vacancy
−$4.8K −$2.07/SF
EGI
$59.4K $25.53/SF
− OpEx
−$17.8K −$7.66/SF
NOI
$41.6K $17.87/SF
Area
Bristol County, MA
Vacancy
7.50%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
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%
$832,080
Cap Rate 7%
$594,343
Cap Rate 9%
$462,267
Alternative Uses
Best Use
Multifamily LT 5
$594.3K
$520.1K – $693.4K
NOI $41,604 @ 7.0% cap · market cap 6.95%
Second Best
Apartment 5plus
$552.3K
$483.3K – $644.4K
NOI $38,664 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,240 @ 7.0% cap · market cap 16.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,081
Businesses Nearby
Explore this area
Business Placement
Demographics for 02723, MA
16,084
Population
7,976
Households
2
Avg Household Size
38
Median Age
13%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
10,053
Density / Sq Mi
$41,789
Median Household Income
$40,140
Median Earnings
$1,058
Median Rent
$312,900
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 residential units include a full basement, fenced yard, and on-site parking.
Where is this triplex located?
The property is located at 231 County St Fall River, MA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Three‑unit property with 6 bedrooms and 3 full bathrooms; Built in 1900 with a full basement; Fenced yard included
