3-Unit Multifamily
1846 R S Main St R, Fall River, MA 02724
For Sale
$619,000
All three apartments are vacant, offering flexibility to lease the units to new residents.
Property Size3,230 SF
Price / SF$191.64
Days on Market47
Property Features for 1846 R S Main St R
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listing Agency:
Keller Williams Realty
Listed By:
Eddie Mulkerrins
(617) 908-7503
Source:
Paulgrover
Added: Sep 27
Changed: Nov 11
Last Checked: Nov 12 at 5:43PM
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 Realty
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Investment Insights
Based on property information with market context.
This three-story multifamily property contains three units and 3,230 square feet of living space. Built in 1900, the building has Delead certificates for all three units. Each apartment is vacant.
Key Highlights
- Three‑unit multifamily property
- 3,230 square feet across three stories
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,645
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,072,900
$1.1M
Cap Rate 7%
$766,357
$766.4K
Cap Rate 9%
$596,056
$596.1K
Market Conditions
NOI Build-Up for 3,230 SF
Gross rent
$104.7K $32.40/SF
− Vacancy
−$7.1K −$2.20/SF
EGI
$97.5K $30.20/SF
− OpEx
−$43.9K −$13.59/SF
NOI
$53.6K $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%
$1,072,900
Cap Rate 7%
$766,357
Cap Rate 9%
$596,056
Alternative Uses
Best Use
Multifamily LT 5
$824.6K
$721.5K – $962.1K
NOI $57,723 @ 7.0% cap · market cap 9.33%
Second Best
Apartment 5plus
$766.4K
$670.6K – $894.1K
NOI $53,645 @ 7.0% cap · market cap 8.67%
Theoretical Best
Office A
$1.97M
$1.72M – $2.29M
NOI $137,691 @ 7.0% cap · market cap 22.24%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
709
Businesses Nearby
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Business Placement
Demographics for 02724, MA
18,050
Population
8,808
Households
2
Avg Household Size
38
Median Age
15%
College-Educated
76%
High-School Grad
1.8 sq mi
ZIP Area
10,028
Density / Sq Mi
$49,809
Median Household Income
$42,334
Median Earnings
$1,105
Median Rent
$368,300
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Fall River, MA
Properties on Market for Triplexes in Fall River
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - All three apartments are vacant, offering flexibility to lease the units to new residents.
Where is this triplex located?
The property is located at 1846 R S Main St R Fall River, MA.
What is the asking price?
The asking price for this property is $619,000.
What are key features of this property?
This property features: Three‑unit multifamily property; 3,230 square feet across three stories; Built in 1900
