Bay-View
For Sale
$679,000
Pending
23-27 Ash St, Fall River, MA 02724
Three spacious residential units with separate utilities, off-street parking, and shared laundry facilities.
Property Size3,137 SF
Days on Market112
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Property Features for 23-27 Ash St
General Information
Standard status
Pending
Size
3,137 SF
Property subtype
3 Family
Building Details
Building Size
3,137 SF
Year Built
1900
Listing Agency:
Coldwell Banker Realty - Easton
(508) 230-2544
Listed By:
Donna Davids · License #451503021
(617) 216-1405
Source:
Iverty
Added: Jun 26
Changed: Oct 15
Last Checked: Oct 15 at 12:57AM
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 Coldwell Banker Realty - Easton
Investment Insights
Based on property information with market context.
This 3,137-square-foot triplex, built in 1900, contains three residential units, each with three bedrooms, one full bathroom, a large kitchen, and a spacious living room. Recent updates, separated utilities, two off-street parking spaces, and a fully fenced backyard support practical ownership and tenant use. An on-site coin-operated washer and dryer adds a shared laundry amenity.
The property has bay views and is positioned near local parks, waterfront trails, shopping, and dining. Access to Routes 195 and 24, the Commuter Rail, and local T-Stations is also noted. The property is zoned A-2 and located at 23-27 Ash St in Fall River, Massachusetts.
The property has bay views and is positioned near local parks, waterfront trails, shopping, and dining. Access to Routes 195 and 24, the Commuter Rail, and local T-Stations is also noted. The property is zoned A-2 and located at 23-27 Ash St in Fall River, Massachusetts.
Key Highlights
- 3,137 SF triplex with three residential units
- Each unit includes 3 bedrooms and 1 full bath
- Built in 1900 with recent updates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,061
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,121,220
$1.1M
Cap Rate 7%
$800,871
$800.9K
Cap Rate 9%
$622,900
$622.9K
Market Conditions
NOI Build-Up for 3,137 SF
Gross rent
$86.6K $27.60/SF
− Vacancy
−$6.5K −$2.07/SF
EGI
$80.1K $25.53/SF
− OpEx
−$24.0K −$7.66/SF
NOI
$56.1K $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%
$1,121,220
Cap Rate 7%
$800,871
Cap Rate 9%
$622,900
Alternative Uses
Best Use
Multifamily LT 5
$800.9K
$700.8K – $934.4K
NOI $56,061 @ 7.0% cap · market cap 8.26%
Second Best
Apartment 5plus
$744.3K
$651.3K – $868.3K
NOI $52,100 @ 7.0% cap · market cap 7.67%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,727 @ 7.0% cap · market cap 19.69%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,037
Businesses Nearby
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Business Placement
Demographics for 02724, MA
18,050
Population
8,808
Households
2
Avg Household Size
38
Median Age
15%
College-Educated
76%
High-School Grad
1.8 sq mi
ZIP Area
10,028
Density / Sq Mi
$49,809
Median Household Income
$42,334
Median Earnings
$1,105
Median Rent
$368,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three spacious residential units with separate utilities, off-street parking, and shared laundry facilities.
Where is this triplex located?
The property is located at 23-27 Ash St Fall River, MA.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: 3,137 SF triplex with three residential units; Each unit includes 3 bedrooms and 1 full bath; Built in 1900 with recent updates
