Three-Unit Multifamily
For Sale
$689,999
280 Ridge St, Fall River, MA 02721
Three-level residential income property with eight bedrooms, three full bathrooms, and layouts suited to rental occupancy.
Property Size3,234 SF
Price / SF$213.36
Days on Market109
Property Features for 280 Ridge St
General Information
Standard status
Active
Size
3,234 SF
Property subtype
Multi-Family
Net Operating Income
$50,400
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,701
Building Details
Building Size
3,234 SF
Year Built
1900
Stories
3
Listing Agency:
Coldwell Banker Realty - Boston
(978) 578-5013
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: May 15
Changed: Aug 29
Last Checked: Aug 30 at 2:11PM
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 Coldwell Banker Realty - Boston
Investment Insights
Based on property information with market context.
This three-unit multifamily property at 280 Ridge St in Fall River, Massachusetts, contains 3,234 square feet of living area arranged across three levels. The building includes eight bedrooms and three full bathrooms, providing substantial residential capacity within a classic 1900 construction profile.
Current rents are reported at market value, supporting an established rental setup. The property’s three-family configuration offers separate residential units and the flexibility associated with a multifamily income property. Its location is 280 Ridge St, Fall River, MA 02721.
Current rents are reported at market value, supporting an established rental setup. The property’s three-family configuration offers separate residential units and the flexibility associated with a multifamily income property. Its location is 280 Ridge St, Fall River, MA 02721.
Key Highlights
- Three‑unit multifamily property at 280 Ridge St, Fall River, MA 02721
- 3,234 square feet of living space
- Eight bedrooms and 3 full bathrooms
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
$57,795
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
8.38%
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%
$1,155,900
$1.2M
Cap Rate 7%
$825,643
$825.6K
Cap Rate 9%
$642,167
$642.2K
Market Conditions
NOI Build-Up for 3,234 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
$89.3K $27.60/SF
− Vacancy
−$6.7K −$2.07/SF
EGI
$82.6K $25.53/SF
− OpEx
−$24.8K −$7.66/SF
NOI
$57.8K $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%
$1,155,900
Cap Rate 7%
$825,643
Cap Rate 9%
$642,167
Alternative Uses
Best Use
Multifamily LT 5
$825.6K
$722.4K – $963.3K
NOI $57,795 @ 7.0% cap · market cap 8.38%
Second Best
Apartment 5plus
$767.3K
$671.4K – $895.2K
NOI $53,711 @ 7.0% cap · market cap 7.78%
Theoretical Best
Office A
$1.97M
$1.72M – $2.30M
NOI $137,862 @ 7.0% cap · market cap 19.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,053
Businesses Nearby
Explore this area
Business Placement
Demographics for 02721, MA
28,075
Population
12,358
Households
2.3
Avg Household Size
38
Median Age
15%
College-Educated
73%
High-School Grad
4.0 sq mi
ZIP Area
7,019
Density / Sq Mi
$50,666
Median Household Income
$40,315
Median Earnings
$1,010
Median Rent
$362,800
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 - Three-level residential income property with eight bedrooms, three full bathrooms, and layouts suited to rental occupancy.
Where is this triplex located?
The property is located at 280 Ridge St Fall River, MA.
What is the asking price?
The asking price for this property is $689,999.
What are key features of this property?
This property features: Three‑unit multifamily property at 280 Ridge St, Fall River, MA 02721; 3,234 square feet of living space; Eight bedrooms and 3 full bathrooms
