Five-Unit Apartment
For Sale
$899,000
34-36 Park St, Fall River, MA 02721
Five-unit residential income property near Kennedy Park with easy access to local amenities, offered for sale.
Property Size4,506 SF
Price / SF$199.51
Days on Market152
Property Features for 34-36 Park St
General Information
Standard status
Active
Size
4,506 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Zoning
B-B
Net Operating Income
$100,800
Additional Details
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$7,201
Building Details
Building Size
4,506 SF
Year Built
1900
Stories
5
Listing Agency:
Amaral & Associates RE
(508) 674-4972
Listed By:
Gilnerys Santana · License #9582410
(774) 240-4771
Source:
Churchillprop
Added: May 7
Changed: Oct 1
Last Checked: Oct 4 at 6:39AM
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 Amaral & Associates RE
Investment Insights
Based on property information with market context.
This offering is a five-unit apartment building in Fall River, MA, currently presented as a residential income property. The seller will consider a package sale with MLS#73515032.
The property is located near Kennedy Park and is described as having easy access to local amenities.
Suitable for buyers seeking an owner-occupied or investment approach, this building provides multiple rental units within a single asset.
The property is located near Kennedy Park and is described as having easy access to local amenities.
Suitable for buyers seeking an owner-occupied or investment approach, this building provides multiple rental units within a single asset.
Key Highlights
- 5‑unit residential income property
- Built in 1900
- Located near Kennedy Park with easy access to local amenities
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
$74,837
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
8.32%
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%
$1,496,740
$1.5M
Cap Rate 7%
$1,069,100
$1.1M
Cap Rate 9%
$831,522
$831.5K
Market Conditions
NOI Build-Up for 4,506 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
$146.0K $32.40/SF
− Vacancy
−$9.9K −$2.20/SF
EGI
$136.1K $30.20/SF
− OpEx
−$61.2K −$13.59/SF
NOI
$74.8K $16.61/SF
Area
Bristol County, MA
Vacancy
6.80%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
45.00%
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%
$1,496,740
Cap Rate 7%
$1,069,100
Cap Rate 9%
$831,522
Alternative Uses
Best Use
Apartment 5plus
$1.07M
$935.5K – $1.25M
NOI $74,837 @ 7.0% cap · market cap 8.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.74M
$2.40M – $3.20M
NOI $192,085 @ 7.0% cap · market cap 21.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,394
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?
Apartment building - Five-unit residential income property near Kennedy Park with easy access to local amenities, offered for sale.
Where is this apartment building located?
The property is located at 34-36 Park St Fall River, MA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 5‑unit residential income property; Built in 1900; Located near Kennedy Park with easy access to local amenities
