Greek Revival Multifamily
New
For Sale
$950,000
270 Bank St, Fall River, MA 02720
A mix of efficiency, studio, and one-bedroom units is complemented by garage and laundry facilities.
Property Size4,758 SF
Days on Market3
Property Features for 270 Bank St
General Information
Standard status
Active
Size
4,758 SF
Total Parking Spaces
12
Property subtype
Multifamily
Taxes and HOA fees
Annual Taxes
$7,780
Building Details
Building Size
4,758 SF
Year Built
1850
Listing Agency:
eXp Realty LLC - Corporate Office
Listed By:
Creatini Group
(617) 804-1999
Source:
Classifiedrealtygroup
Added: Oct 28
Last Checked: Oct 28 at 3:48PM
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 eXp Realty LLC - Corporate Office
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Investment Insights
Based on property information with market context.
Built in 1850, this freestanding multifamily property has Greek Revival character and original clapboard siding. Its residential mix includes shared-bath efficiency units, studios, and one-bedroom apartments. A reception area, guest bathrooms, a renovated studio office, and coin-operated laundry round out the interior configuration.
Four garage bays are part of the property, including a heated garage with separate 220-volt electrical service and an oil-fired hot-air heating system. The site also has private, lighted parking. The Bank Street address is near downtown Fall River, the waterfront, restaurants, and downtown attractions.
Four garage bays are part of the property, including a heated garage with separate 220-volt electrical service and an oil-fired hot-air heating system. The site also has private, lighted parking. The Bank Street address is near downtown Fall River, the waterfront, restaurants, and downtown attractions.
Key Highlights
- Residential mix of shared‑bath efficiencies, studios, and one‑bedroom apartments
- Built in 1850 with Greek Revival character and original clapboard siding
- Four garage bays, including a heated garage with separate 220‑volt service and oil‑fired hot‑air heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,022
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,580,440
$1.6M
Cap Rate 7%
$1,128,886
$1.1M
Cap Rate 9%
$878,022
$878.0K
Market Conditions
NOI Build-Up for 4,758 SF
Gross rent
$154.2K $32.40/SF
− Vacancy
−$10.5K −$2.20/SF
EGI
$143.7K $30.20/SF
− OpEx
−$64.7K −$13.59/SF
NOI
$79.0K $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%
$1,580,440
Cap Rate 7%
$1,128,886
Cap Rate 9%
$878,022
Alternative Uses
Best Use
Apartment 5plus
$1.13M
$987.8K – $1.32M
NOI $79,022 @ 7.0% cap · market cap 8.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.90M
$2.54M – $3.38M
NOI $202,828 @ 7.0% cap · market cap 21.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Location Intelligence
Trade Area within ½ mile
3,290
Businesses Nearby
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Business Placement
Demographics for 02720, MA
31,209
Population
14,940
Households
2.1
Avg Household Size
41
Median Age
21%
College-Educated
81%
High-School Grad
13.2 sq mi
ZIP Area
2,364
Density / Sq Mi
$62,907
Median Household Income
$45,199
Median Earnings
$1,177
Median Rent
$361,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - A mix of efficiency, studio, and one-bedroom units is complemented by garage and laundry facilities.
Where is this multifamily property located?
The property is located at 270 Bank St Fall River, MA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Residential mix of shared‑bath efficiencies, studios, and one‑bedroom apartments; Built in 1850 with Greek Revival character and original clapboard siding; Four garage bays, including a heated garage with separate 220‑volt service and oil‑fired hot‑air heat
