Five-Unit Residential Income
283-289 5th Street Fall River, MA 02721
283-289 5th Street, Fall River, MA, 02721
$999,000
For Sale
$999,000
3-unit and 2-unit residential buildings offered together with off-street parking and separate utilities.
Property Size5,000 SF
Price / SF$199.80
Days on Market79
Property Features for 283-289 5th Street
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Multi-family / 5+ Family - 5+ Units Up/Down
Building Details
- Year Built
- 1940
Listing agency
Century 21 North East Homes
(781) 789-2748
Listed by
SRG Properties Group
(781) 789-2748
Source
Compass
Added: May 4 Updated: Jul 20 at 7:05PM Checked: Jul 20 at 7:05PM
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 Homes
Investment Insights
Based on property information with market context.
This for-sale package includes a combined five-unit residential offering, consisting of a 3-family building and a 2-family building sold together. The units are described as having functional layouts with solid bedroom counts, and they feature separate utilities. Per the remarks, both buildings have vacancies, giving an owner the opportunity to set rents upon stabilization.
The property includes off-street parking and is positioned for convenience near major routes as well as shopping and other amenities. Buyers should conduct their own due diligence regarding the units’ condition, leasing assumptions, and rent potential.
The property includes off-street parking and is positioned for convenience near major routes as well as shopping and other amenities. Buyers should conduct their own due diligence regarding the units’ condition, leasing assumptions, and rent potential.
Key Highlights
- 5‑unit package offered together: one 3‑family and one 2‑family
- Units have separate utilities
- Off‑street parking available
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 | $138.0k | $27.60 |
| − Vacancy | −$10.4k | −$2.07 |
| EGI | $127.7k | $25.53 |
| − OpEx | −$38.3k | −$7.66 |
| NOI | $89.4k | $17.87 |
5,000 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.28M
$1.12M – $1.49M
NOI $89,355 @ 7.0% cap · market cap 8.94%
Second Best
Apartment 5plus
$1.19M
$1.04M – $1.38M
NOI $83,041 @ 7.0% cap · market cap 8.31%
Theoretical Best
Office A
$3.04M
$2.66M – $3.55M
NOI $213,144 @ 7.0% cap · market cap 21.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - 3-unit and 2-unit residential buildings offered together with off-street parking and separate utilities.
Where is this triplex located?
The property is located at 283-289 5th Street Fall River, MA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 5‑unit package offered together: one 3‑family and one 2‑family; Units have separate utilities; Off‑street parking available
