Mixed-Use Building with Commercial
For Sale
$875,000
1792 Pleasant St, Fall River, MA 02723
Fully occupied property with residential and business components.
Property Size6,119 SF
Price / SF$142
Days on Market16
Property Features for 1792 Pleasant St
General Information
Standard status
Active
Size
6,119 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 1BR, 2 x 2BR
Multifamily Units
4
Building Details
Year Built
1900
Buildings
1
Tenancy
Multi
Listing Agency:
Rachel Lomba, Lomba Realty Group, Inc
(508) 202-0008
Listed By:
Michelle Terry Team
(508) 202-0008
Source:
Centralmassachusettsproperties
Added: Aug 15
Changed: Aug 29
Last Checked: Aug 26 at 12:33PM
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 Rachel Lomba, Lomba Realty Group, Inc
Investment Insights
Based on property information with market context.
This 6,119-square-foot mixed-use building combines residential accommodations with three commercial spaces. The commercial portion provides separate business areas, with each space equipped with a half bath. The property was built in 1900 and is fully occupied, bringing residential and commercial functions together within one building.
Located at 1792 Pleasant St in Fall River, Massachusetts, the property serves as a combined residential and commercial asset in an established city setting. The configuration includes both private living space and dedicated commercial areas, supporting multiple occupancy types within the same property.
Located at 1792 Pleasant St in Fall River, Massachusetts, the property serves as a combined residential and commercial asset in an established city setting. The configuration includes both private living space and dedicated commercial areas, supporting multiple occupancy types within the same property.
Key Highlights
- 6,119 square feet of mixed‑use building area
- Three commercial spaces included
- Each commercial space has a half bath
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
$72,281
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
8.26%
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%
$1,445,620
$1.4M
Cap Rate 7%
$1,032,586
$1.0M
Cap Rate 9%
$803,122
$803.1K
Market Conditions
NOI Build-Up for 6,119 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
$128.5K $21.00/SF
− Vacancy
−$12.8K −$2.10/SF
EGI
$115.6K $18.90/SF
− OpEx
−$43.4K −$7.09/SF
NOI
$72.3K $11.81/SF
Area
Bristol County, MA
Vacancy
10.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,445,620
Cap Rate 7%
$1,032,586
Cap Rate 9%
$803,122
Alternative Uses
Best Use
Apartment 5plus
$1.45M
$1.27M – $1.69M
NOI $101,626 @ 7.0% cap · market cap 11.61%
Second Best
Mixed Use
$1.03M
$903.5K – $1.20M
NOI $72,281 @ 7.0% cap · market cap 8.26%
Theoretical Best
Office A
$3.73M
$3.26M – $4.35M
NOI $260,846 @ 7.0% cap · market cap 29.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
724
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied property with residential and business components.
Where is this mixed-use property located?
The property is located at 1792 Pleasant St Fall River, MA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 6,119 square feet of mixed‑use building area; Three commercial spaces included; Each commercial space has a half bath
