Triplex with Private
New
For Sale
$679,974
28 Meadow Street, Fall River, MA 02720
Fully occupied three-family features private decks with views plus separate gas and electric utilities for each unit.
Property Size3,672 SF
Price / SF$185.18
Days on Market6
Property Features for 28 Meadow Street
General Information
Standard status
Active
Size
3,672 SF
Total Parking Spaces
4
Property subtype
Multi-family
Occupancy
100%
Lease Term
[]
Additional Details
Utilities to Site
Yes
Amenities
private decks
shared backyard
Building Details
Year Built
1900
Buildings
1
Tenancy
Multi
Abandoned
No
Listing Agency:
United Brokers
Listed By:
Mission Impossible Team
(617) 262-6200
Source:
Cabotandcompany
Added: Jul 26
Changed: Jul 30
Last Checked: Jul 30 at 4:28AM
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 United Brokers
Investment Insights
Based on property information with market context.
This triplex is a fully occupied three-family with each unit offering three bedrooms and one bath. Separate gas and electric utilities are provided for each unit, supporting straightforward resident convenience and utility separation. Tenants also have access to private decks, with views described toward the Taunton River and Battleship Cove.
The building includes an expansive attic and basement that may allow for additional living space or future expansion, subject to buyer due diligence. Outside, there is a shared backyard and four off-street parking spaces. A new sewer line was installed in 2025, and the property was built in 1900. The total property size is 3,672 SF.
Located near downtown and waterfront attractions, the property also provides access to major highways and the new South Coast Rail commuter service connecting Fall River to Boston.
The building includes an expansive attic and basement that may allow for additional living space or future expansion, subject to buyer due diligence. Outside, there is a shared backyard and four off-street parking spaces. A new sewer line was installed in 2025, and the property was built in 1900. The total property size is 3,672 SF.
Located near downtown and waterfront attractions, the property also provides access to major highways and the new South Coast Rail commuter service connecting Fall River to Boston.
Key Highlights
- Three‑bedroom, one‑bath units in a fully occupied triplex
- Private decks with views toward the Taunton River and Battleship Cove
- Separate gas and electric utilities for each unit
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 | $119.0k | $32.40 |
| − Vacancy | −$8.1k | −$2.20 |
| EGI | $110.9k | $30.20 |
| − OpEx | −$49.9k | −$13.59 |
| NOI | $61.0k | $16.61 |
3,672 SF · lease $32.40/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$937.5K
$820.3K – $1.09M
NOI $65,622 @ 7.0% cap · market cap 9.65%
Second Best
Apartment 5plus
$871.2K
$762.3K – $1.02M
NOI $60,985 @ 7.0% cap · market cap 8.97%
Theoretical Best
Office A
$2.24M
$1.96M – $2.61M
NOI $156,533 @ 7.0% cap · market cap 23.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,374
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?
Triplex - Fully occupied three-family features private decks with views plus separate gas and electric utilities for each unit.
Where is this triplex located?
The property is located at 28 Meadow Street Fall River, MA.
What is the asking price?
The asking price for this property is $679,974.
What are key features of this property?
This property features: Three‑bedroom, one‑bath units in a fully occupied triplex; Private decks with views toward the Taunton River and Battleship Cove; Separate gas and electric utilities for each unit
