Three-Unit Residential Income
165 Eastern Avenue Fall River, MA 02723
165 Eastern Avenue, Fall River, MA, 02723
$740,000
For Sale
$740,000
Three spacious 3-bedroom units with off-street parking, sold in as-is condition.
Property Size3,018 SF
Price / SF$245.20
Days on Market163
Property Features for 165 Eastern Avenue
General Information
- Standard status
- Active
- Size
- 3,018 SF
- Property subtype
- Multi-family / 3 Family - 3 Units Up/Down
Building Details
- Year Built
- 1900
Listing agency
Home Bound Realty
(508) 998-4949
Listed by
Gabriel Amaral · License #9579075
(508) 998-4949
Source
Compass
Added: Feb 8 Updated: Jul 21 at 12:52AM Checked: Jul 21 at 6:55AM
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 Home Bound Realty
Investment Insights
Based on property information with market context.
This three-family residential income property features three spacious 3-bedroom units with generous layouts. Off-street parking is provided for added convenience. The property is being sold in as-is condition.
Located in Fall River, Massachusetts on Eastern Avenue, the home is described as being in a desirable neighborhood near top-rated schools and a public park.
The offering presents a straightforward three-unit setup with separate family accommodations within a single property.
Located in Fall River, Massachusetts on Eastern Avenue, the home is described as being in a desirable neighborhood near top-rated schools and a public park.
The offering presents a straightforward three-unit setup with separate family accommodations within a single property.
Key Highlights
- Three‑family property with three 3‑bedroom units, each with spacious layouts
- Off‑street parking available for added convenience
- 3 full bathrooms total (3.0 baths)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.3k | $27.60 |
| − Vacancy | −$6.2k | −$2.07 |
| EGI | $77.0k | $25.53 |
| − OpEx | −$23.1k | −$7.66 |
| NOI | $53.9k | $17.87 |
3,018 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$770.5K
$674.2K – $898.9K
NOI $53,935 @ 7.0% cap · market cap 7.29%
Second Best
Apartment 5plus
$716.1K
$626.6K – $835.4K
NOI $50,124 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$1.84M
$1.61M – $2.14M
NOI $128,654 @ 7.0% cap · market cap 17.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Salty Bath Shop
Artist
Amarinho Cleaning Touch
Hardware & Home Improvement
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three spacious 3-bedroom units with off-street parking, sold in as-is condition.
Where is this triplex located?
The property is located at 165 Eastern Avenue Fall River, MA.
What is the asking price?
The asking price for this property is $740,000.
What are key features of this property?
This property features: Three‑family property with three 3‑bedroom units, each with spacious layouts; Off‑street parking available for added convenience; 3 full bathrooms total (3.0 baths)
