Four-Unit
For Sale
$729,999
186 Fountain St, Fall River, MA 02721
Residential income property near shopping, schools, transit, parks, and major highways.
Property Size3,182 SF
Price / SF$229.42
Days on Market82
Property Features for 186 Fountain St
General Information
Standard status
Active
Size
3,182 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
4
Building Details
Year Built
1900
Listing Agency:
MSC Realty Inc.
Listed By:
Sindy Barreau · License #CN240355
(774) 381-3424
Source:
Lexirealestate
Added: Jul 27
Changed: Oct 2
Last Checked: Oct 14 at 8:29PM
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 MSC Realty Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit residential income property contains 3,182 square feet and was built in 1900. The configuration provides four separate units within a single multifamily building, supporting a range of residential ownership and occupancy strategies.
Located at 186 Fountain St in Fall River, the property is near shopping, restaurants, schools, public transportation, parks, and major highways. On-street parking is readily available in the surrounding area.
Located at 186 Fountain St in Fall River, the property is near shopping, restaurants, schools, public transportation, parks, and major highways. On-street parking is readily available in the surrounding area.
Key Highlights
- Four‑family property with 4 separate units
- 3,182 square feet of residential space
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,866
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,137,320
$1.1M
Cap Rate 7%
$812,371
$812.4K
Cap Rate 9%
$631,844
$631.8K
Market Conditions
NOI Build-Up for 3,182 SF
Gross rent
$87.8K $27.60/SF
− Vacancy
−$6.6K −$2.07/SF
EGI
$81.2K $25.53/SF
− OpEx
−$24.4K −$7.66/SF
NOI
$56.9K $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%
$1,137,320
Cap Rate 7%
$812,371
Cap Rate 9%
$631,844
Alternative Uses
Best Use
Multifamily LT 5
$812.4K
$710.8K – $947.8K
NOI $56,866 @ 7.0% cap · market cap 7.79%
Second Best
Apartment 5plus
$755.0K
$660.6K – $880.8K
NOI $52,847 @ 7.0% cap · market cap 7.24%
Theoretical Best
Office A
$1.94M
$1.70M – $2.26M
NOI $135,645 @ 7.0% cap · market cap 18.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,981
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Residential income property near shopping, schools, transit, parks, and major highways.
Where is this quadplex located?
The property is located at 186 Fountain St Fall River, MA.
What is the asking price?
The asking price for this property is $729,999.
What are key features of this property?
This property features: Four‑family property with 4 separate units; 3,182 square feet of residential space; Built in 1900
