Renovated Triplex in Prime
For Sale
$825,000
Pending
36 Mcclure Place, Fall River, MA 02720
Fully renovated three-family property in desirable Fall River location.
Property Size3,000 SF
Days on Market111
Property Features for 36 Mcclure Place
General Information
Standard status
Pending
Size
3,000 SF
Property subtype
3 Family - 3 Units Up/Down
Building Details
Year Built
1900
Listing Agency:
Peak Real Estate
(774) 992-8511
Listed By:
Christopher Mongeon
(774) 992-8511
Source:
Lockandkeyre
Added: Apr 12
Changed: Jul 10
Last Checked: Jul 17 at 6:08AM
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 Peak Real Estate
Investment Insights
Based on property information with market context.
This fully renovated three-family property is located in the north end of Fall River. The property features 9 bedrooms and 3 full bathrooms. Each unit is fully updated and offers spacious living with modern appliances. The property includes a large, well-kept backyard suitable for outdoor activities. The basement provides an abundance of storage space. Ample off-street parking is available. Situated on a cul-de-sac, the property offers added privacy and minimal traffic. Located just 2 minutes from the T-Station, the location is ideal for commuters. The property will be delivered completely vacant, allowing for immediate occupancy or strong rental potential at market rates.
Key Highlights
- Fully renovated three‑family property in the desirable north end of Fall River.
- Delivered completely vacant, allowing for immediate occupancy or rental at market rates.
- Prime location: 2 minutes from the T‑Station, ideal for commuters.
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 | $82.8k | $27.60 |
| − Vacancy | −$6.2k | −$2.07 |
| EGI | $76.6k | $25.53 |
| − OpEx | −$23.0k | −$7.66 |
| NOI | $53.6k | $17.87 |
3,000 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$765.9K
$670.2K – $893.6K
NOI $53,613 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$711.8K
$622.8K – $830.4K
NOI $49,825 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,886 @ 7.0% cap · market cap 15.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,694
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 renovated three-family property in desirable Fall River location.
Where is this triplex located?
The property is located at 36 Mcclure Place Fall River, MA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Fully renovated three‑family property in the desirable north end of Fall River.; Delivered completely vacant, allowing for immediate occupancy or rental at market rates.; Prime location: 2 minutes from the T‑Station, ideal for commuters.
