Updated Three-Unit
For Sale
$594,800
162 Ogrady St, Fall River, MA 02720
Three residential units feature laundry access, off-street parking, and finished basement storage.
Property Size3,088 SF
Price / SF$192.62
Days on Market18
Property Features for 162 Ogrady St
General Information
Standard status
Active
Size
3,088 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,284
Amenities
off-street parking
finished basement storage
laundry access
Listing Agency:
LPT Realty - Home & Key Group
(877) 366-2213
Listed By:
Lauren Tansey Lima
(508) 897-7830
Source:
Exprealty
Added: Sep 10
Changed: Sep 26
Last Checked: Sep 26 at 10:14AM
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 LPT Realty - Home & Key Group
Investment Insights
Based on property information with market context.
This 3088-square-foot triplex contains three residential units with in-unit or shared laundry access. All three units have received upgrades including flooring, kitchens, bathrooms, and utilities. Units 1 and 2 use a third bedroom with built-in closets, while finished basement storage is assigned to the second-floor unit. Off-street parking adds practical convenience for occupants.
Each tenancy is currently tenant-at-will, providing flexibility in future leasing and management. The property is located near major highways, shopping, dining, and Fall River’s MBTA commuter rail service to Boston. Situated at 162 Ogrady St in Fall River’s Upper Highlands, the building offers a defined three-unit configuration with updated interior components and storage improvements.
Each tenancy is currently tenant-at-will, providing flexibility in future leasing and management. The property is located near major highways, shopping, dining, and Fall River’s MBTA commuter rail service to Boston. Situated at 162 Ogrady St in Fall River’s Upper Highlands, the building offers a defined three-unit configuration with updated interior components and storage improvements.
Key Highlights
- Three‑unit triplex with 3088 square feet of residential space
- Flooring, kitchens, bathrooms, and utilities updated across all three units
- Units 1 and 2 use a third bedroom with built‑in closets
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
$51,286
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
8.62%
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%
$1,025,720
$1.0M
Cap Rate 7%
$732,657
$732.7K
Cap Rate 9%
$569,844
$569.8K
Market Conditions
NOI Build-Up for 3,088 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
$100.1K $32.40/SF
− Vacancy
−$6.8K −$2.20/SF
EGI
$93.2K $30.20/SF
− OpEx
−$42.0K −$13.59/SF
NOI
$51.3K $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%
$1,025,720
Cap Rate 7%
$732,657
Cap Rate 9%
$569,844
Alternative Uses
Best Use
Multifamily LT 5
$788.4K
$689.8K – $919.8K
NOI $55,186 @ 7.0% cap · market cap 9.28%
Second Best
Apartment 5plus
$732.7K
$641.1K – $854.8K
NOI $51,286 @ 7.0% cap · market cap 8.62%
Theoretical Best
Office A
$1.88M
$1.65M – $2.19M
NOI $131,638 @ 7.0% cap · market cap 22.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,350
Businesses Nearby
Explore this area
Business Placement
Demographics for 02720, MA
31,209
Population
14,940
Households
2.1
Avg Household Size
41
Median Age
21%
College-Educated
81%
High-School Grad
13.2 sq mi
ZIP Area
2,364
Density / Sq Mi
$62,907
Median Household Income
$45,199
Median Earnings
$1,177
Median Rent
$361,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 feature laundry access, off-street parking, and finished basement storage.
Where is this triplex located?
The property is located at 162 Ogrady St Fall River, MA.
What is the asking price?
The asking price for this property is $594,800.
What are key features of this property?
This property features: Three‑unit triplex with 3088 square feet of residential space; Flooring, kitchens, bathrooms, and utilities updated across all three units; Units 1 and 2 use a third bedroom with built‑in closets
