Six-Unit Multifamily
227 Eagle Street Fall River, MA 02721
227 Eagle Street, Fall River, MA, 02721
$1,300,000
For Sale
$1,300,000
Six residential units total, including three 4-bedroom/1-bath units and three 2-bedroom units.
Property Size6,219 SF
Price / SF$209.04
Days on Market81
Property Features for 227 Eagle Street
General Information
- Standard status
- Active
- Size
- 6,219 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1904
Listing agency
Amaral & Associates RE
(508) 674-4972
Listed by
Gilnerys Santana · License #9582410
Source
Milburyre
Added: May 3 Updated: Jul 21 at 5:39PM Checked: Jul 21 at 5:39PM
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
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
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $201.5k | $32.40 |
| − Vacancy | −$13.7k | −$2.20 |
| EGI | $187.8k | $30.20 |
| − OpEx | −$84.5k | −$13.59 |
| NOI | $103.3k | $16.61 |
6,219 SF · lease $32.40/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.48M
$1.29M – $1.72M
NOI $103,287 @ 7.0% cap · market cap 7.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.79M
$3.31M – $4.42M
NOI $265,109 @ 7.0% cap · market cap 20.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
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 Street Fall River, MA.
What is the asking price?
The asking price for this property is $1,300,000.
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
