Multifamily Income
23 Brow Street Fall River, MA 02721
23 Brow Street, Fall River, MA, 02721
$720,000
For Sale
$720,000
Two-story multifamily property with four 2-bedroom units and two studio units, plus on-street parking.
Property Size2,785 SF
Price / SF$258.53
Days on Market38
Property Features for 23 Brow Street
General Information
- Standard status
- Active
- Size
- 2,785 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing Agency
Horvath & Tremblay
Listed by
Spencer Smith
(508) 823-9400
Source
Ballowhutchinsonrealestate
Added: Jun 14 Updated: Jul 15 at 3:11 am Checked: Jul 20 at 5:58 am
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 Horvath & Tremblay
Investment Insights
Based on property information with market context.
This two-story multifamily building offers a total of six residential units, consisting of four 2-bedroom/1-bathroom units and two studio units. The property includes approximately 2,785 square feet of gross living area within 4,368 square feet of gross area, set on a 0.07-acre parcel. On-street parking is available.
The property is offered for sale and is located at 23 Brow Street in Fall River, Massachusetts. Its unit mix provides a straightforward structure for an owner seeking consistent residential income within a compact building footprint.
The property is offered for sale and is located at 23 Brow Street in Fall River, Massachusetts. Its unit mix provides a straightforward structure for an owner seeking consistent residential income within a compact building footprint.
Key Highlights
- Two‑story multifamily at 23 Brow Street in Fall River, MA
- 4 units total: four 2‑bedroom/1‑bath apartments plus two studio units
- 2,785 sq ft gross living area within 4,368 sq ft gross area
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 | $90.2k | $32.40 |
| − Vacancy | −$6.1k | −$2.20 |
| EGI | $84.1k | $30.20 |
| − OpEx | −$37.8k | −$13.59 |
| NOI | $46.3k | $16.61 |
2,785 SF · lease $32.40/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$660.8K
$578.2K – $770.9K
NOI $46,254 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.48M – $1.98M
NOI $118,721 @ 7.0% cap · market cap 16.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Furniture Refinishing and Repair
Home Decor Store
Billionaire cases
Electronics & Wireless Store
Johan Imperial
Electronics & Wireless Store
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Two-story multifamily property with four 2-bedroom units and two studio units, plus on-street parking.
Where is this apartment building located?
The property is located at 23 Brow Street Fall River, MA.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Two‑story multifamily at 23 Brow Street in Fall River, MA; 4 units total: four 2‑bedroom/1‑bath apartments plus two studio units; 2,785 sq ft gross living area within 4,368 sq ft gross area
