Triplex with Off-Street
New
For Sale
$649,900
34 Everett St, Fall River, MA 02723
Three apartments offer separate kitchens, dining areas, living spaces, and full bathrooms.
Property Size3,357 SF
Days on Market3
Property Features for 34 Everett St
General Information
Standard status
Active
Size
3,357 SF
Total Parking Spaces
4
Property subtype
Investment
Units
Unit Mix
2 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
3
Additional Details
Furnished
No
Taxes and HOA fees
Annual Taxes
$6,094
Building Details
Building Size
3,357 SF
Year Built
1900
Buildings
1
Stories
3
Units
3
Listing Agency:
(508) 717-9233
Listed By:
Samantha Shouse
(508) 717-9233
Source:
Elliman
Added: Aug 9
Changed: Aug 10
Last Checked: Aug 10 at 10:15AM
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 Samantha Shouse
Investment Insights
Based on property information with market context.
Built in 1900, this three-unit residential property includes a two-bedroom apartment on the first floor, a three-bedroom apartment upstairs, and a two-bedroom apartment on the top level. The first-floor unit is vacant, while the second- and third-floor apartments are occupied by tenants at will. Each residence includes a kitchen, dining area, living space, and full bathroom.
The basement adds interior and exterior walkout access, storage, and two washer and dryer hookup sets. A fenced backyard and private driveway provide outdoor space and off-street parking for up to four vehicles. The property is located near shopping, restaurants, schools, major highways, and public transportation at 34 Everett St in Fall River, Massachusetts.
The basement adds interior and exterior walkout access, storage, and two washer and dryer hookup sets. A fenced backyard and private driveway provide outdoor space and off-street parking for up to four vehicles. The property is located near shopping, restaurants, schools, major highways, and public transportation at 34 Everett St in Fall River, Massachusetts.
Key Highlights
- Three‑unit property with two 2‑bedroom apartments and one 3‑bedroom apartment
- First‑floor apartment is vacant; upper units are occupied by tenants at will
- Basement includes interior and exterior walkout access, storage, and two washer/dryer hookup sets
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
$55,754
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
8.58%
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%
$1,115,080
$1.1M
Cap Rate 7%
$796,486
$796.5K
Cap Rate 9%
$619,489
$619.5K
Market Conditions
NOI Build-Up for 3,357 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
$108.8K $32.40/SF
− Vacancy
−$7.4K −$2.20/SF
EGI
$101.4K $30.20/SF
− OpEx
−$45.6K −$13.59/SF
NOI
$55.8K $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%
$1,115,080
Cap Rate 7%
$796,486
Cap Rate 9%
$619,489
Alternative Uses
Best Use
Multifamily LT 5
$857.0K
$749.9K – $999.9K
NOI $59,993 @ 7.0% cap · market cap 9.23%
Second Best
Apartment 5plus
$796.5K
$696.9K – $929.2K
NOI $55,754 @ 7.0% cap · market cap 8.58%
Theoretical Best
Office A
$2.04M
$1.79M – $2.39M
NOI $143,105 @ 7.0% cap · market cap 22.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
974
Businesses Nearby
Explore this area
Business Placement
Demographics for 02723, MA
16,084
Population
7,976
Households
2
Avg Household Size
38
Median Age
13%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
10,053
Density / Sq Mi
$41,789
Median Household Income
$40,140
Median Earnings
$1,058
Median Rent
$312,900
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 apartments offer separate kitchens, dining areas, living spaces, and full bathrooms.
Where is this triplex located?
The property is located at 34 Everett St Fall River, MA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Three‑unit property with two 2‑bedroom apartments and one 3‑bedroom apartment; First‑floor apartment is vacant; upper units are occupied by tenants at will; Basement includes interior and exterior walkout access, storage, and two washer/dryer hookup sets
