Three-Unit Triplex with
For Sale
$650,000
169 Chavenson Street, Fall River, MA 02723
Each residence has its own laundry hookups, and the top-floor apartment is vacant.
Property Size3,328 SF
Price / SF$195.31
Days on Market10
Property Features for 169 Chavenson Street
General Information
Standard status
Active
Size
3,328 SF
Property subtype
Multi-family
Units
Unit Mix
3 x 3BR/1BA
Multifamily Units
3
Amenities
washer/dryer hookup
hardwood floors
large yard
partially finished basement
Building Details
Year Built
1900
Listing Agency:
Terrence Hayes
Listed By:
Terrence J. Hayes
(508) 789-6963
Source:
Miketoomeyrealestate
Added: Oct 5
Changed: Oct 13
Last Checked: Oct 12 at 8:19PM
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 Terrence Hayes
Investment Insights
Based on property information with market context.
This 3,328-square-foot triplex, built in 1900, contains three apartments with three bedrooms and a full bathroom apiece. The first-floor residence has a double parlor; each upper-floor apartment has a single parlor. Hardwood flooring is present, and all three units have washer and dryer hookups. The first-floor apartment includes appliances, while the basement is partially finished.
Gas supplies both heat and hot water. The first and second floors use baseboard heat, while the third-floor apartment has a space heater. The uppermost unit is currently vacant.
Gas supplies both heat and hot water. The first and second floors use baseboard heat, while the third-floor apartment has a space heater. The uppermost unit is currently vacant.
Key Highlights
- Three apartments, each with 3 bedrooms and 1 full bath
- 3,328 square feet; built in 1900
- First‑floor apartment has a double parlor; upper units have single parlors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,475
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,189,500
$1.2M
Cap Rate 7%
$849,643
$849.6K
Cap Rate 9%
$660,833
$660.8K
Market Conditions
NOI Build-Up for 3,328 SF
Gross rent
$91.9K $27.60/SF
− Vacancy
−$6.9K −$2.07/SF
EGI
$85.0K $25.53/SF
− OpEx
−$25.5K −$7.66/SF
NOI
$59.5K $17.87/SF
Area
Bristol County, MA
Vacancy
7.50%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,189,500
Cap Rate 7%
$849,643
Cap Rate 9%
$660,833
Alternative Uses
Best Use
Multifamily LT 5
$849.6K
$743.4K – $991.3K
NOI $59,475 @ 7.0% cap · market cap 9.15%
Second Best
Apartment 5plus
$789.6K
$690.9K – $921.2K
NOI $55,272 @ 7.0% cap · market cap 8.50%
Theoretical Best
Office A
$2.03M
$1.77M – $2.36M
NOI $141,869 @ 7.0% cap · market cap 21.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
768
Businesses Nearby
Explore this area
Business Placement
Demographics for 02723, MA
16,084
Population
7,976
Households
2
Avg Household Size
38
Median Age
13%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
10,053
Density / Sq Mi
$41,789
Median Household Income
$40,140
Median Earnings
$1,058
Median Rent
$312,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Each residence has its own laundry hookups, and the top-floor apartment is vacant.
Where is this triplex located?
The property is located at 169 Chavenson Street Fall River, MA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Three apartments, each with 3 bedrooms and 1 full bath; 3,328 square feet; built in 1900; First‑floor apartment has a double parlor; upper units have single parlors
