3-Unit Multifamily with Separate
New
For Sale
$724,900
20 Park Street, Fall River, MA 02721
Three apartments each offer three bedrooms, hardwood floors, and updated interiors, with the first-floor unit vacant.
Property Size3,583 SF
Price / SF$202.32
Days on Market4
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Property Features for 20 Park Street
General Information
Standard status
Active
Size
3,583 SF
Property subtype
Multi-family
Units
Unit Mix
3 x 3BR
Multifamily Units
3
Amenities
off-street parking
Building Details
Year Built
1900
Listing Agency:
Divine Real Estate,Inc.
Listed By:
Zachary Midwood · License #451503605
(508) 207-5351
Source:
Residentialproperties
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 14 at 10:38PM
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 Divine Real Estate,Inc.
Investment Insights
Based on property information with market context.
This three-unit property contains 3,583 square feet and was built in 1900. Each apartment has three bedrooms, hardwood flooring, and updated interiors; the first-floor apartment is vacant. Utilities are separately metered for each unit.
Off-street parking is available. The property is near Kennedy Park, Saint Anne’s Hospital, shopping, dining, and local amenities in Fall River.
Off-street parking is available. The property is near Kennedy Park, Saint Anne’s Hospital, shopping, dining, and local amenities in Fall River.
Key Highlights
- Three apartments, each with three bedrooms; nine bedrooms total
- 3,583 square feet of living space
- First‑floor apartment delivered vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,032
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,280,640
$1.3M
Cap Rate 7%
$914,743
$914.7K
Cap Rate 9%
$711,467
$711.5K
Market Conditions
NOI Build-Up for 3,583 SF
Gross rent
$98.9K $27.60/SF
− Vacancy
−$7.4K −$2.07/SF
EGI
$91.5K $25.53/SF
− OpEx
−$27.4K −$7.66/SF
NOI
$64.0K $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%
$1,280,640
Cap Rate 7%
$914,743
Cap Rate 9%
$711,467
Alternative Uses
Best Use
Multifamily LT 5
$914.7K
$800.4K – $1.07M
NOI $64,032 @ 7.0% cap · market cap 8.83%
Second Best
Apartment 5plus
$850.1K
$743.8K – $991.8K
NOI $59,507 @ 7.0% cap · market cap 8.21%
Theoretical Best
Office A
$2.18M
$1.91M – $2.55M
NOI $152,739 @ 7.0% cap · market cap 21.07%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,394
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments each offer three bedrooms, hardwood floors, and updated interiors, with the first-floor unit vacant.
Where is this triplex located?
The property is located at 20 Park Street Fall River, MA.
What is the asking price?
The asking price for this property is $724,900.
What are key features of this property?
This property features: Three apartments, each with three bedrooms; nine bedrooms total; 3,583 square feet of living space; First‑floor apartment delivered vacant
