Three-Unit Residential
For Sale
$589,000
177 William St, Fall River, MA 02721
The top-floor apartment is vacant; the first- and second-floor units are occupied by tenants at will.
Property Size2,423 SF
Price / SF$243.09
Days on Market10
Property Features for 177 William St
General Information
Standard status
Active
Size
2,423 SF
Property subtype
3 Family - 3 Units Up/Down
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
3
Tenant in Place
Yes
Building Details
Year Built
1900
Listing Agency:
Keller Williams South Watuppa
(508) 677-3233
Listed By:
Nancy Froias
(508) 496-3518
Source:
Lockandkeyre
Added: Oct 21
Changed: Oct 29
Last Checked: Oct 28 at 6:51AM
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.
Built in 1900, this residential triplex contains three apartments across three floors. The upper-level unit is vacant, while the first- and second-floor apartments are occupied by tenants at will. Some off-street parking is available.
The property has access to major highways, shopping, public transportation, bus routes, and local parks. Its Walk Score is 74, Bike Score is 46, and Transit Score is 35.
The property has access to major highways, shopping, public transportation, bus routes, and local parks. Its Walk Score is 74, Bike Score is 46, and Transit Score is 35.
Key Highlights
- Three apartments arranged across three floors
- Top‑floor apartment is vacant; first- and second‑floor units are occupied by tenants at will
- Some off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,301
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$866,020
$866.0K
Cap Rate 7%
$618,586
$618.6K
Cap Rate 9%
$481,122
$481.1K
Market Conditions
NOI Build-Up for 2,423 SF
Gross rent
$66.9K $27.60/SF
− Vacancy
−$5.0K −$2.07/SF
EGI
$61.9K $25.53/SF
− OpEx
−$18.6K −$7.66/SF
NOI
$43.3K $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%
$866,020
Cap Rate 7%
$618,586
Cap Rate 9%
$481,122
Alternative Uses
Best Use
Multifamily LT 5
$618.6K
$541.3K – $721.7K
NOI $43,301 @ 7.0% cap · market cap 7.35%
Second Best
Apartment 5plus
$574.9K
$503.0K – $670.7K
NOI $40,242 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,290 @ 7.0% cap · market cap 17.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,306
Businesses Nearby
Explore this area
Business Placement
Demographics for 02721, MA
28,075
Population
12,358
Households
2.3
Avg Household Size
38
Median Age
15%
College-Educated
73%
High-School Grad
4.0 sq mi
ZIP Area
7,019
Density / Sq Mi
$50,666
Median Household Income
$40,315
Median Earnings
$1,010
Median Rent
$362,800
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
Frequently Asked Questions
What type of property is this?
Triplex - The top-floor apartment is vacant; the first- and second-floor units are occupied by tenants at will.
Where is this triplex located?
The property is located at 177 William St Fall River, MA.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Three apartments arranged across three floors; Top‑floor apartment is vacant; first- and second‑floor units are occupied by tenants at will; Some off‑street parking
