Occupied Mixed-Use
For Sale
$875,000
1792 Pleasant Street, Fall River, MA 02723
Fully occupied building combines residential space with three commercial suites, each including a half bath.
Property Size6,119 SF
Price / SF$142
Days on Market9
Property Features for 1792 Pleasant Street
General Information
Standard status
Active
Size
6,119 SF
Property subtype
Multi-family
Occupancy
100%
Units
Unit Mix
1 x 1BR, 2 x 2BR
Multifamily Units
4
Building Details
Year Built
1900
Buildings
1
Tenancy
Multi
Listing Agency:
Century 21 Limitless
Listed By:
Kyle Seyboth
(508) 823-9400
Source:
Ballowhutchinsonrealestate
Added: Aug 12
Changed: Aug 19
Last Checked: Aug 20 at 8:59AM
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 Century 21 Limitless
Investment Insights
Based on property information with market context.
This 6,119-square-foot mixed-use building in Fall River combines residential accommodations with three commercial spaces. The commercial component provides a half bath in each suite, supporting practical day-to-day operations for occupants. The property is fully occupied, offering an established combination of residential and commercial tenancy within one building.
Constructed in 1900, the property is located at 1792 Pleasant Street in Fall River, Massachusetts. Its mixed-use configuration brings both living space and business premises together at a single address, with the commercial suites separated from the residential portion of the building.
Constructed in 1900, the property is located at 1792 Pleasant Street in Fall River, Massachusetts. Its mixed-use configuration brings both living space and business premises together at a single address, with the commercial suites separated from the residential portion of the building.
Key Highlights
- 6,119 SF mixed‑use building
- Fully occupied property
- Three commercial spaces included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$72,281
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,445,620
$1.4M
Cap Rate 7%
$1,032,586
$1.0M
Cap Rate 9%
$803,122
$803.1K
Market Conditions
NOI Build-Up for 6,119 SF
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.
Gross rent
$128.5K $21.00/SF
− Vacancy
−$12.8K −$2.10/SF
EGI
$115.6K $18.90/SF
− OpEx
−$43.4K −$7.09/SF
NOI
$72.3K $11.81/SF
Area
Bristol County, MA
Vacancy
10.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,445,620
Cap Rate 7%
$1,032,586
Cap Rate 9%
$803,122
Alternative Uses
Best Use
Apartment 5plus
$1.45M
$1.27M – $1.69M
NOI $101,626 @ 7.0% cap · market cap 11.61%
Second Best
Mixed Use
$1.03M
$903.5K – $1.20M
NOI $72,281 @ 7.0% cap · market cap 8.26%
Theoretical Best
Office A
$3.73M
$3.26M – $4.35M
NOI $260,846 @ 7.0% cap · market cap 29.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
724
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied building combines residential space with three commercial suites, each including a half bath.
Where is this mixed-use property located?
The property is located at 1792 Pleasant Street Fall River, MA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 6,119 SF mixed‑use building; Fully occupied property; Three commercial spaces included
