Triplex with Detached
386 Ferry Street, Fall River, MA 02721
For Sale
New
$739,900
Each residence has its own natural gas central heating system, with a detached garage serving the property.
Property Size4,008 SF
Price / SF$184.61
Days on Market7
Property Features for 386 Ferry Street
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
RE/MAX Vantage
Listed By:
Mavilde Carvalho
(508) 965-1545
Source:
Paulgrover
Added: Oct 31
Changed: Nov 3
Last Checked: Nov 6 at 6:03PM
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 RE/MAX Vantage
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Investment Insights
Based on property information with market context.
This three-unit property contains 4,008 square feet, with approximately 1,340 square feet in each unit. Each residence has three bedrooms, two living areas, a family room, formal dining room, pantry-style kitchen, and an updated full bathroom with a tub and shower. Interior finishes include hardwood and tile flooring, alongside replacement windows and vinyl siding. The building dates to 1900, and its roof is approximately two years old.
Three separate natural gas central heating systems serve the units. The property also includes a detached oversized garage and off-street parking. All three residences are scheduled to be vacant at closing.
Three separate natural gas central heating systems serve the units. The property also includes a detached oversized garage and off-street parking. All three residences are scheduled to be vacant at closing.
Key Highlights
- Three units, each with approximately 1,340 square feet
- Each unit has three bedrooms, two living areas, a family room, dining room, kitchen, and full bathroom
- Three separate natural gas central heating systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,566
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,331,320
$1.3M
Cap Rate 7%
$950,943
$950.9K
Cap Rate 9%
$739,622
$739.6K
Market Conditions
NOI Build-Up for 4,008 SF
Gross rent
$129.9K $32.40/SF
− Vacancy
−$8.8K −$2.20/SF
EGI
$121.0K $30.20/SF
− OpEx
−$54.5K −$13.59/SF
NOI
$66.6K $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 Rate 5%
$1,331,320
Cap Rate 7%
$950,943
Cap Rate 9%
$739,622
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$895.3K – $1.19M
NOI $71,627 @ 7.0% cap · market cap 9.68%
Second Best
Apartment 5plus
$950.9K
$832.1K – $1.11M
NOI $66,566 @ 7.0% cap · market cap 9.00%
Theoretical Best
Office A
$2.44M
$2.14M – $2.85M
NOI $170,856 @ 7.0% cap · market cap 23.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,373
Businesses Nearby
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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
$362,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Fall River, MA
Properties on Market for Triplexes in Fall River
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has its own natural gas central heating system, with a detached garage serving the property.
Where is this triplex located?
The property is located at 386 Ferry Street Fall River, MA.
What is the asking price?
The asking price for this property is $739,900.
What are key features of this property?
This property features: Three units, each with approximately 1,340 square feet; Each unit has three bedrooms, two living areas, a family room, dining room, kitchen, and full bathroom; Three separate natural gas central heating systems
