Renovated Four-Unit
For Sale
$765,000
275 Bank Street, Fall River, MA 02720
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 Market237
Property Features for 275 Bank Street
General Information
Standard status
Active
Size
3,742 SF
Total Parking Spaces
4
Property subtype
Multi-family / 4 Family
Zoning
u/a
Additional Details
Business Included
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,224
Amenities
City/Town Sewer, Public
No
Hardwood
4.0
Unfinished Basement
4
4.00
Building Details
Year Built
1900
Year Renovated
2010
Listing Agency:
Century 21 North East
(978) 208-0449
Listed By:
Fermin Group
(978) 208-0449
Source:
Compass
Added: Dec 28, 2025
Changed: Aug 8
Last 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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$66,873
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,337,460
$1.3M
Cap Rate 7%
$955,329
$955.3K
Cap Rate 9%
$743,033
$743.0K
Market Conditions
NOI Build-Up for 3,742 SF
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.
Gross rent
$103.3K $27.60/SF
− Vacancy
−$7.7K −$2.07/SF
EGI
$95.5K $25.53/SF
− OpEx
−$28.7K −$7.66/SF
NOI
$66.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,337,460
Cap Rate 7%
$955,329
Cap Rate 9%
$743,033
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3,290
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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
