Six-Unit Multifamily
For Sale
$1,200,000
227 Eagle St, Fall River, MA 02721
Six residential units total, including three 4-bedroom/1-bath units and three 2-bedroom units.
Property Size6,219 SF
Price / SF$192.96
Days on Market176
Property Features for 227 Eagle St
General Information
Standard status
Active
Size
6,219 SF
Property subtype
Multi-Family
Zoning
A-2
Net Operating Income
$94,800
Additional Details
Highway Access
Yes
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$7,674
Building Details
Building Size
6,219 SF
Year Built
1904
Stories
5
Listing Agency:
Amaral & Associates RE
(508) 674-4972
Listed By:
Gilnerys Santana · License #9582410
(774) 240-4771
Source:
Churchillprop
Added: May 9
Changed: Oct 31
Last Checked: Oct 30 at 12:39PM
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 Amaral & Associates RE
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Investment Insights
Based on property information with market context.
This six-unit multifamily property offers a mix of unit types, including three 4-bedroom/1-bath units and three 2-bedroom units. The building is configured for residential income, with six separate rental spaces within one investment property.
Located near shopping, restaurants, schools, highways, and public transportation, the property also provides access to the South Coast Rail and the T station. It’s described as offering convenient access to downtown and local amenities.
As presented, the asset’s core appeal is its straightforward unit count and flexible layouts across two bedroom configurations, supporting a diversified rental mix within the same building.
Located near shopping, restaurants, schools, highways, and public transportation, the property also provides access to the South Coast Rail and the T station. It’s described as offering convenient access to downtown and local amenities.
As presented, the asset’s core appeal is its straightforward unit count and flexible layouts across two bedroom configurations, supporting a diversified rental mix within the same building.
Key Highlights
- 6‑unit multifamily building built in 1904
- Unit mix: three 4‑bedroom/1‑bath units and three 2‑bedroom units
- Convenient Fall River location near shopping, restaurants, schools, highways, public transportation, and South Coast Rail/T station
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,287
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,065,740
$2.1M
Cap Rate 7%
$1,475,529
$1.5M
Cap Rate 9%
$1,147,633
$1.1M
Market Conditions
NOI Build-Up for 6,219 SF
Gross rent
$201.5K $32.40/SF
− Vacancy
−$13.7K −$2.20/SF
EGI
$187.8K $30.20/SF
− OpEx
−$84.5K −$13.59/SF
NOI
$103.3K $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%
$2,065,740
Cap Rate 7%
$1,475,529
Cap Rate 9%
$1,147,633
Alternative Uses
Best Use
Apartment 5plus
$1.48M
$1.29M – $1.72M
NOI $103,287 @ 7.0% cap · market cap 8.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.79M
$3.31M – $4.42M
NOI $265,109 @ 7.0% cap · market cap 22.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
6
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Six residential units total, including three 4-bedroom/1-bath units and three 2-bedroom units.
Where is this apartment building located?
The property is located at 227 Eagle St Fall River, MA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 6‑unit multifamily building built in 1904; Unit mix: three 4‑bedroom/1‑bath units and three 2‑bedroom units; Convenient Fall River location near shopping, restaurants, schools, highways, public transportation, and South Coast Rail/T station
