Three-Bedroom Multifamily
For Sale
$699,000
162 Rockland St, Fall River, MA 02724
Multifamily property with open living areas, basement laundry, private outdoor space, and off-street parking.
Property Size2,802 SF
Price / SF$249.46
Days on Market118
Property Features for 162 Rockland St
General Information
Standard status
Active
Size
2,802 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Zoning
R-4
Net Operating Income
$72,000
Taxes and HOA fees
Annual Taxes
$6,925
Amenities
private yard
patio
basement
coin-operated washer and dryer
off-street parking
Building Details
Building Size
2,802 SF
Year Built
1900
Stories
3
Listing Agency:
Dan Quintal Real Estate
(508) 676-7274
Listed By:
Daniel Quintal · License #450550781
(774) 248-5252
Source:
Churchillprop
Added: Jun 11
Changed: Oct 4
Last Checked: Oct 5 at 5:17PM
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 Dan Quintal Real Estate
Investment Insights
Based on property information with market context.
This 2,802-square-foot multifamily property, built in 1900, includes three-bedroom units and two vacant floors. The interior layout connects the kitchens with the living rooms in an open-plan arrangement, creating shared everyday living areas within each residence.
Outdoor features include a private yard and patio, while the basement provides additional storage space and houses coin-operated laundry equipment. Off-street parking accommodates multiple vehicles. The property is located at 162 Rockland St in Fall River, Massachusetts, and carries R-4 zoning.
Outdoor features include a private yard and patio, while the basement provides additional storage space and houses coin-operated laundry equipment. Off-street parking accommodates multiple vehicles. The property is located at 162 Rockland St in Fall River, Massachusetts, and carries R-4 zoning.
Key Highlights
- 2,802‑square‑foot multifamily property built in 1900
- All units feature three‑bedroom layouts
- Two floors delivered vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,536
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$930,720
$930.7K
Cap Rate 7%
$664,800
$664.8K
Cap Rate 9%
$517,067
$517.1K
Market Conditions
NOI Build-Up for 2,802 SF
Gross rent
$90.8K $32.40/SF
− Vacancy
−$6.2K −$2.20/SF
EGI
$84.6K $30.20/SF
− OpEx
−$38.1K −$13.59/SF
NOI
$46.5K $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%
$930,720
Cap Rate 7%
$664,800
Cap Rate 9%
$517,067
Alternative Uses
Best Use
Apartment 5plus
$664.8K
$581.7K – $775.6K
NOI $46,536 @ 7.0% cap · market cap 6.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.71M
$1.49M – $1.99M
NOI $119,446 @ 7.0% cap · market cap 17.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,605
Businesses Nearby
Explore this area
Business Placement
Demographics for 02724, MA
18,050
Population
8,808
Households
2
Avg Household Size
38
Median Age
15%
College-Educated
76%
High-School Grad
1.8 sq mi
ZIP Area
10,028
Density / Sq Mi
$49,809
Median Household Income
$42,334
Median Earnings
$1,105
Median Rent
$368,300
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?
Multifamily property - Multifamily property with open living areas, basement laundry, private outdoor space, and off-street parking.
Where is this multifamily property located?
The property is located at 162 Rockland St Fall River, MA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 2,802‑square‑foot multifamily property built in 1900; All units feature three‑bedroom layouts; Two floors delivered vacant
