Three-Family Residential Income
For Sale
$699,900
Pending
182 Quequechan Street, Fall River, MA 02723
Well-maintained three-family with separate utilities, offering 9 bedrooms and 3 full bathrooms across three units.
Property Size3,228 SF
Days on Market95
Property Features for 182 Quequechan Street
General Information
Standard status
Pending
Size
3,228 SF
Property subtype
Residential Income
Zoning
M
Additional Details
Highway Access
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,701
Building Details
Building Size
3,228 SF
Year Built
1900
Stories
3
Units
3
Listing Agency:
Fortune Signature Properties LLC
(508) 796-9078
Listed By:
Derek Mendes
(508) 846-6949
Source:
Alliancepartnersre
Added: Jun 3
Changed: Aug 28
Last Checked: Aug 25 at 9:24AM
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 Fortune Signature Properties LLC
Investment Insights
Based on property information with market context.
This well-maintained three-family property provides three separate units with a total of 9 bedrooms and 3 full bathrooms. Each unit includes 3 bedrooms and 1 bath, along with comfortable living areas, functional kitchens, and ample natural light. The property is described as having approximately 3,228 square feet of living space and features separate utilities, which can support flexible future use for an owner-occupant or investor.
The property is located in Fall River and is reported to be conveniently near major highways, shopping, restaurants, and public transportation. WalkScore is 89 (very walkable) and bikeScore is 63 (bikeable), while transitScore is 43 (some transit), offering practical access for residents and tenants.
All prospective buyers are encouraged to perform their own due diligence regarding use and potential income.
The property is located in Fall River and is reported to be conveniently near major highways, shopping, restaurants, and public transportation. WalkScore is 89 (very walkable) and bikeScore is 63 (bikeable), while transitScore is 43 (some transit), offering practical access for residents and tenants.
All prospective buyers are encouraged to perform their own due diligence regarding use and potential income.
Key Highlights
- Well‑maintained three‑family built in 1900 with approximately 3,228 sq ft of living space
- Total of 9 bedrooms and 3 full bathrooms across three units (each unit has 3 bedrooms and 1 bath)
- Spacious unit layouts with comfortable living areas and functional kitchens
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
$57,688
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
8.24%
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%
$1,153,760
$1.2M
Cap Rate 7%
$824,114
$824.1K
Cap Rate 9%
$640,978
$641.0K
Market Conditions
NOI Build-Up for 3,228 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
$89.1K $27.60/SF
− Vacancy
−$6.7K −$2.07/SF
EGI
$82.4K $25.53/SF
− OpEx
−$24.7K −$7.66/SF
NOI
$57.7K $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 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%
$1,153,760
Cap Rate 7%
$824,114
Cap Rate 9%
$640,978
Alternative Uses
Best Use
Multifamily LT 5
$824.1K
$721.1K – $961.5K
NOI $57,688 @ 7.0% cap · market cap 8.24%
Second Best
Apartment 5plus
$765.9K
$670.1K – $893.5K
NOI $53,611 @ 7.0% cap · market cap 7.66%
Theoretical Best
Office A
$1.97M
$1.72M – $2.29M
NOI $137,606 @ 7.0% cap · market cap 19.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,107
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?
Triplex - Well-maintained three-family with separate utilities, offering 9 bedrooms and 3 full bathrooms across three units.
Where is this triplex located?
The property is located at 182 Quequechan Street Fall River, MA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Well‑maintained three‑family built in 1900 with approximately 3,228 sq ft of living space; Total of 9 bedrooms and 3 full bathrooms across three units (each unit has 3 bedrooms and 1 bath); Spacious unit layouts with comfortable living areas and functional kitchens
