Updated Three-Unit
For Sale
$594,800
Pending
162 Ogrady St, Fall River, MA 02720
Three residential units feature laundry access, off-street parking, and finished basement storage.
Property Size3,088 SF
Days on Market28
Property Features for 162 Ogrady St
General Information
Standard status
Pending
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: Oct 3
Last Checked: Oct 5 at 7:36PM
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 / Yr
$51,286
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
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
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 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
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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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
