Three-Family Residential Income
1417 Globe St Fall River, MA 02721
1417 Globe St, Fall River, MA, 02721
$725,000
Pending
For Sale
$725,000
Pending
Well-maintained three-family with an updated first-floor unit, detached two-car heated garage, and off-street parking.
Property Size3,035 SF
Days on Market108
Property Features for 1417 Globe St
General Information
- Standard status
- Pending
- Size
- 3,035 SF
- Property subtype
- 3 Family - 3 Units Up/Down
Building Details
- Year Built
- 1900
Listing agency
Even Keel Realty, Inc.
(508) 979-4219
Listed by
Kevin Melo
(508) 979-4219
Source
Lockandkeyre
Added: Apr 6 Updated: Jul 22 at 8:31AM Checked: Jul 22 at 8:31AM
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 Even Keel Realty, Inc.
Investment Insights
Based on property information with market context.
This well-maintained, owner-occupied three-family property at 1417 Globe Street offers a combination of pride of ownership and residential income use. The first-floor owner’s unit includes hardwood floors, an updated kitchen, and new Pella windows installed in 2023. Exterior improvements include newer siding and exterior doors completed in 2021, along with a roof replacement on both the house and garage completed in July 2013.
The home includes a two-car heated detached garage, off-street parking, a shed, and a fenced-in yard. Coin-operated washer and dryer are located in the basement and will transfer with the sale.
Additional updates and maintained common improvements support a turnkey ownership experience, with multiple units configured as a three-family residence.
The home includes a two-car heated detached garage, off-street parking, a shed, and a fenced-in yard. Coin-operated washer and dryer are located in the basement and will transfer with the sale.
Additional updates and maintained common improvements support a turnkey ownership experience, with multiple units configured as a three-family residence.
Key Highlights
- Owner‑occupied three‑family house built in 1900
- First‑floor unit features hardwood floors, an updated kitchen, and new Pella windows installed in 2023
- Exterior updates include newer siding and exterior doors in 2021
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.8k | $27.60 |
| − Vacancy | −$6.3k | −$2.07 |
| EGI | $77.5k | $25.53 |
| − OpEx | −$23.2k | −$7.66 |
| NOI | $54.2k | $17.87 |
3,035 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$774.8K
$678.0K – $904.0K
NOI $54,238 @ 7.0% cap · market cap 7.48%
Second Best
Apartment 5plus
$720.1K
$630.1K – $840.1K
NOI $50,406 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,378 @ 7.0% cap · market cap 17.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-maintained three-family with an updated first-floor unit, detached two-car heated garage, and off-street parking.
Where is this triplex located?
The property is located at 1417 Globe St Fall River, MA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Owner‑occupied three‑family house built in 1900; First‑floor unit features hardwood floors, an updated kitchen, and new Pella windows installed in 2023; Exterior updates include newer siding and exterior doors in 2021
