Well-Maintained 3-Family
For Sale
$699,900
154 Mott Street, Fall River, MA 02721
Three residential units with updated interiors, coin-operated basement laundry, and 8+ off-street parking spaces.
Property Size3,818 SF
Price / SF$183.32
Days on Market55
Property Features for 154 Mott Street
General Information
Standard status
Active
Size
3,818 SF
Total Parking Spaces
8
Property subtype
Multi-family
Additional Details
Multifamily Units
3
Building Details
Year Built
1900
Listing Agency:
Keller Williams South Watuppa
(508) 677-3233
Listed By:
Cindy Ferry · License #9067567
(774) 280-2745
Source:
Broadboutique
Added: Jul 4
Changed: Aug 24
Last Checked: Aug 26 at 9:11AM
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 Keller Williams South Watuppa
Investment Insights
Based on property information with market context.
Well-maintained 3-family property with three spacious 3-bedroom units. The apartments have been updated and two units are currently occupied by tenants at will. A coin-operated laundry is available in the basement, and the property also includes a garden area with mature fruit trees.
The home is located at 154 Mott St in Fall River, Massachusetts. Parking is supported by 8+ off-street spaces.
This configuration provides immediate rental occupancy in two units while leaving flexibility for an owner-occupant or investor seeking to manage the third unit.
The home is located at 154 Mott St in Fall River, Massachusetts. Parking is supported by 8+ off-street spaces.
This configuration provides immediate rental occupancy in two units while leaving flexibility for an owner-occupant or investor seeking to manage the third unit.
Key Highlights
- 3‑family property in Fall River with three 3‑bedroom units and updated interiors
- Two units currently occupied by tenants at will, providing immediate rental income
- Coin‑operated laundry in the basement for added income potential
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
$63,410
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
9.06%
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%
$1,268,200
$1.3M
Cap Rate 7%
$905,857
$905.9K
Cap Rate 9%
$704,556
$704.6K
Market Conditions
NOI Build-Up for 3,818 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
$123.7K $32.40/SF
− Vacancy
−$8.4K −$2.20/SF
EGI
$115.3K $30.20/SF
− OpEx
−$51.9K −$13.59/SF
NOI
$63.4K $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%
$1,268,200
Cap Rate 7%
$905,857
Cap Rate 9%
$704,556
Alternative Uses
Best Use
Multifamily LT 5
$974.7K
$852.9K – $1.14M
NOI $68,231 @ 7.0% cap · market cap 9.75%
Second Best
Apartment 5plus
$905.9K
$792.6K – $1.06M
NOI $63,410 @ 7.0% cap · market cap 9.06%
Theoretical Best
Office A
$2.33M
$2.03M – $2.71M
NOI $162,757 @ 7.0% cap · market cap 23.25%
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
1,167
Businesses Nearby
Explore this area
Business Placement
Demographics for 02721, MA
28,075
Population
12,358
Households
2.3
Avg Household Size
38
Median Age
15%
College-Educated
73%
High-School Grad
4.0 sq mi
ZIP Area
7,019
Density / Sq Mi
$50,666
Median Household Income
$40,315
Median Earnings
$1,010
Median Rent
$362,800
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 - Three residential units with updated interiors, coin-operated basement laundry, and 8+ off-street parking spaces.
Where is this triplex located?
The property is located at 154 Mott Street Fall River, MA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 3‑family property in Fall River with three 3‑bedroom units and updated interiors; Two units currently occupied by tenants at will, providing immediate rental income; Coin‑operated laundry in the basement for added income potential
