6-Unit Apartment
169 Pitman St, Fall River, MA 02723
For Sale
New
$950,000
Six residential units and off-street parking make up this multifamily property.
Property Size5,103 SF
Price / SF$186.17
Days on Market4
Property Features for 169 Pitman St
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams South Watuppa
Listed By:
Kyle Oliveira · License #455025371
(774) 930-9411
Source:
Paulgrover
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 1:38PM
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 Keller Williams South Watuppa
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Investment Insights
Based on property information with market context.
This 6-unit apartment property contains 5,103 square feet and 12 bedrooms. The 1900-built building has vinyl siding and off-street parking.
Located at 169 Pitman St in Fall River, Massachusetts, the property comprises six residential units.
Located at 169 Pitman St in Fall River, Massachusetts, the property comprises six residential units.
Key Highlights
- Six residential units with 12 bedrooms
- 5,103 square feet in a 1900‑built building
- Off‑street parking and vinyl siding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,752
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,695,040
$1.7M
Cap Rate 7%
$1,210,743
$1.2M
Cap Rate 9%
$941,689
$941.7K
Market Conditions
NOI Build-Up for 5,103 SF
Gross rent
$165.3K $32.40/SF
− Vacancy
−$11.2K −$2.20/SF
EGI
$154.1K $30.20/SF
− OpEx
−$69.3K −$13.59/SF
NOI
$84.8K $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%
$1,695,040
Cap Rate 7%
$1,210,743
Cap Rate 9%
$941,689
Alternative Uses
Best Use
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,752 @ 7.0% cap · market cap 8.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.11M
$2.72M – $3.63M
NOI $217,535 @ 7.0% cap · market cap 22.90%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
802
Businesses Nearby
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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
$312,900
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Fall River, MA
Properties on Market for Apartment buildings in Fall River
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Six residential units and off-street parking make up this multifamily property.
Where is this apartment building located?
The property is located at 169 Pitman St Fall River, MA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Six residential units with 12 bedrooms; 5,103 square feet in a 1900‑built building; Off‑street parking and vinyl siding
