Renovated Four-Unit
275 Bank Street Fall River, MA 02720
275 Bank Street, Fall River, MA, 02720
$765,000
For Sale
$765,000
Renovated in 2010, this four-unit property offers four 1-bedroom apartments with separate utilities and private off-street parking.
Property Size3,742 SF
Price / SF$204.44
Days on Market205
Property Features for 275 Bank Street
General Information
- Standard status
- Active
- Size
- 3,742 SF
- Property subtype
- Multi-family / 4 Family
Building Details
- Year Built
- 1900
Listing agency
Century 21 North East
(978) 208-0449
Listed by
Fermin Group
(978) 208-0449
Source
Compass
Added: Dec 28, 2025 Updated: Jul 20 at 6:47PM Checked: Jul 20 at 6:47PM
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 Century 21 North East
Investment Insights
Based on property information with market context.
Renovated in 2010, this stately multifamily property is currently configured as a four-family with four 1-bedroom units. The building includes separate utilities, hardwood and ceramic flooring, walk-in closets, oversized windows, and stainless steel appliances. A classic circular stairwell connects the units, and the building is equipped with 98% efficient gas boilers with on-demand hot water.
Located near downtown, the waterfront, restaurants, and the new South Coast Rail Train Station, the property is set up to appeal to tenants looking for walkable access to everyday destinations.
Private off-street parking and a spacious rear deck are included. The third floor offers space for potential expansion and possible conversion to a fifth unit with a second means of egress. The property is being sold as-is.
Located near downtown, the waterfront, restaurants, and the new South Coast Rail Train Station, the property is set up to appeal to tenants looking for walkable access to everyday destinations.
Private off-street parking and a spacious rear deck are included. The third floor offers space for potential expansion and possible conversion to a fifth unit with a second means of egress. The property is being sold as-is.
Key Highlights
- Renovated in 2010, 3,292 SF stately 4‑family configured as four 1‑bedroom units
- Currently has 4 full baths total (4.0 baths) and an unfinished basement
- 98% efficient gas boilers with on‑demand hot water
Local Financial Insights For Multifamily LT 5
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 | $103.3k | $27.60 |
| − Vacancy | −$7.7k | −$2.07 |
| EGI | $95.5k | $25.53 |
| − OpEx | −$28.7k | −$7.66 |
| NOI | $66.9k | $17.87 |
3,742 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$955.3K
$835.9K – $1.11M
NOI $66,873 @ 7.0% cap · market cap 8.74%
Second Best
Apartment 5plus
$887.8K
$776.9K – $1.04M
NOI $62,148 @ 7.0% cap · market cap 8.12%
Theoretical Best
Office A
$2.28M
$1.99M – $2.66M
NOI $159,517 @ 7.0% cap · market cap 20.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Renovated in 2010, this four-unit property offers four 1-bedroom apartments with separate utilities and private off-street parking.
Where is this quadplex located?
The property is located at 275 Bank Street Fall River, MA.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: Renovated in 2010, 3,292 SF stately 4‑family configured as four 1‑bedroom units; Currently has 4 full baths total (4.0 baths) and an unfinished basement; 98% efficient gas boilers with on‑demand hot water
