Three-Unit Triplex with Detached
New
For Sale
$739,900
386 Ferry Street, Fall River, MA 02721
Residential Income, Fall River, MA
Property Size4,008 SF
Lot Size0.13 Acres
Price / SF$184.61
Days on Market3
Property Features for 386 Ferry Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 2, Bedroom 9, Bedroom 2, Bathroom 3, Bedroom 7, Bedroom 3, Bedroom 6, Bathroom 1, Bedroom 8, Bedroom 4, Bedroom 5
Parking
8
Directions
use GPS
Standard status
Active
APN
2827813
Size
4,008 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7228
Amenities
detached oversized garage
off street parking
Building Details
Year built
1900
Floors in Building
3
Number of units
3
Listing Agency:
RE/MAX Vantage · RE/MAX International
(774) 992-0297
Listed By:
Eddie Lopez
(508) 999-4424
Added: Oct 31
Changed: Nov 2
Last Checked: Nov 2 at 5:06AM
MLS# 73597454
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 4,008-square-foot triplex contains three apartments, each with approximately 1,340 square feet and three bedrooms. Unit layouts also include double living rooms, family rooms, formal dining rooms, pantry-style kitchens, and full bathrooms. Hardwood and tile flooring, replacement windows, vinyl siding, and a roof approximately two years old are among the property’s features. Each apartment has its own natural gas central heating system.
A detached oversized garage and off-street parking complement the building at 386 Ferry Street in Fall River. The property occupies a 0.1337-acre lot and was built in 1900. All three units are to be delivered vacant at closing.
A detached oversized garage and off-street parking complement the building at 386 Ferry Street in Fall River. The property occupies a 0.1337-acre lot and was built in 1900. All three units are to be delivered vacant at closing.
Key Highlights
- Three apartments totaling 4,008 square feet
- Each apartment has approximately 1,340 square feet and three bedrooms
- Separate natural gas central heating system for each of the 3 units
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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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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - All three apartments will be vacant at closing, with separate natural gas heating systems serving each unit.
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 apartments totaling 4,008 square feet; Each apartment has approximately 1,340 square feet and three bedrooms; Separate natural gas central heating system for each of the 3 units
