5-Unit Multifamily
New
For Sale
$875,000
225 Haffards St, Fall River, MA 02723
Two separate buildings on one lot provide a mix of five rental layouts, including three-bedroom apartments.
Property Size4,737 SF
Days on Market2
Property Features for 225 Haffards St
General Information
Standard status
Active
Size
4,737 SF
Property subtype
Investment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
3 x 3BR, 1 x 1BR, 1 x 2BR
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$8,223
Building Details
Building Size
4,737 SF
Year Built
1900
Buildings
2
Stories
5
Units
5
Listed By:
David Fasano
(508) 360-8213
Source:
Elliman
Added: Oct 16
Last Checked: Oct 16 at 2:12PM
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 David Fasano
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Investment Insights
Based on property information with market context.
Two residential buildings share a single lot and contain five apartments. One building has three three-bedroom units; the other includes one one-bedroom unit and one two-bedroom unit. Across the property, the unit mix totals 12 bedrooms and five bathrooms.
Built in 1900, the property is at 225 Haffards St in Fall River. Local shopping, restaurants, schools, major highways, and surrounding communities are identified as nearby destinations. Walk Score is 82, Bike Score is 59, and Transit Score is 32.
Built in 1900, the property is at 225 Haffards St in Fall River. Local shopping, restaurants, schools, major highways, and surrounding communities are identified as nearby destinations. Walk Score is 82, Bike Score is 59, and Transit Score is 32.
Key Highlights
- Five units across two separate buildings on one lot
- Three‑family building contains three three‑bedroom units
- Two‑family building includes one one‑bedroom unit and one two‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,673
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,573,460
$1.6M
Cap Rate 7%
$1,123,900
$1.1M
Cap Rate 9%
$874,144
$874.1K
Market Conditions
NOI Build-Up for 4,737 SF
Gross rent
$153.5K $32.40/SF
− Vacancy
−$10.4K −$2.20/SF
EGI
$143.0K $30.20/SF
− OpEx
−$64.4K −$13.59/SF
NOI
$78.7K $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%
$1,573,460
Cap Rate 7%
$1,123,900
Cap Rate 9%
$874,144
Alternative Uses
Best Use
Apartment 5plus
$1.12M
$983.4K – $1.31M
NOI $78,673 @ 7.0% cap · market cap 8.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.88M
$2.52M – $3.37M
NOI $201,933 @ 7.0% cap · market cap 23.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
5
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,081
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
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?
Apartment building - Two separate buildings on one lot provide a mix of five rental layouts, including three-bedroom apartments.
Where is this apartment building located?
The property is located at 225 Haffards St 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: Five units across two separate buildings on one lot; Three‑family building contains three three‑bedroom units; Two‑family building includes one one‑bedroom unit and one two‑bedroom unit
