Triplex with New Building
For Sale
$725,000
149 Mason St, Fall River, MA 02723
Residential zoning accompanies off-street parking and rear decks.
Property Size3,744 SF
Price / SF$193.64
Days on Market90
Property Features for 149 Mason St
General Information
Standard status
Active
Size
3,744 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Zoning
RES
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,558
Amenities
deck
Building Details
Building Size
3,744 SF
Year Built
1900
Buildings
1
Stories
3
Listing Agency:
Stephen Cefalo Real Estate
(978) 578-5013
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Jun 3
Changed: Aug 29
Last Checked: Aug 30 at 2:03PM
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 Stephen Cefalo Real Estate
Investment Insights
Based on property information with market context.
This three-family residential property contains 3,744 square feet and was built in 1900. Major building systems have been replaced, including the electrical, plumbing, and heating systems, providing updated core infrastructure for the structure.
The property includes an off-street parking spot and decks at the rear of the building. Zoned RES, the asset offers a three-family configuration with outdoor space and refreshed mechanical, electrical, and plumbing components.
The property includes an off-street parking spot and decks at the rear of the building. Zoned RES, the asset offers a three-family configuration with outdoor space and refreshed mechanical, electrical, and plumbing components.
Key Highlights
- Three‑family property with 3,744 SF
- New electrical, plumbing, and heating systems
- Off‑street parking spot 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
$62,181
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
8.58%
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%
$1,243,620
$1.2M
Cap Rate 7%
$888,300
$888.3K
Cap Rate 9%
$690,900
$690.9K
Market Conditions
NOI Build-Up for 3,744 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
$121.3K $32.40/SF
− Vacancy
−$8.2K −$2.20/SF
EGI
$113.1K $30.20/SF
− OpEx
−$50.9K −$13.59/SF
NOI
$62.2K $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%
$1,243,620
Cap Rate 7%
$888,300
Cap Rate 9%
$690,900
Alternative Uses
Best Use
Multifamily LT 5
$955.8K
$836.4K – $1.12M
NOI $66,909 @ 7.0% cap · market cap 9.23%
Second Best
Apartment 5plus
$888.3K
$777.3K – $1.04M
NOI $62,181 @ 7.0% cap · market cap 8.58%
Theoretical Best
Office A
$2.28M
$2.00M – $2.66M
NOI $159,602 @ 7.0% cap · market cap 22.01%
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
969
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?
Triplex - Residential zoning accompanies off-street parking and rear decks.
Where is this triplex located?
The property is located at 149 Mason 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: Three‑family property with 3,744 SF; New electrical, plumbing, and heating systems; Off‑street parking spot included
