Well-Maintained Three-Family
40 Park St Fall River, MA 02721
40 Park St, Fall River, MA, 02721
$700,000
For Sale
$700,000
Three-family residence with active leases and steady rental occupancy, offered for sale near Kennedy Park in Fall River.
Property Size3,366 SF
Price / SF$207.96
Days on Market77
Property Features for 40 Park St
General Information
- Standard status
- Active
- Size
- 3,366 SF
- Property subtype
- 3 Family
Building Details
- Year Built
- 1900
Listing agency
Amaral & Associates RE
(774) 240-4771
Listed by
Gilnerys Santana
(774) 240-4771
Source
Lockandkeyre
Added: May 6 Updated: Jul 21 at 2:47AM Checked: Jul 21 at 3:34AM
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 well-maintained three-family home is configured as a 3-unit residential income property. The listing notes active leases and steady rental occupancy, indicating the units are currently leased.
The property is located near Kennedy Park with convenient access to local amenities. It is presented as a commuter-friendly option in Fall River.
Offered for sale as a multifamily investment, the home is described as having long-term value supported by in-place occupancy and leases.
The property is located near Kennedy Park with convenient access to local amenities. It is presented as a commuter-friendly option in Fall River.
Offered for sale as a multifamily investment, the home is described as having long-term value supported by in-place occupancy and leases.
Key Highlights
- Three‑family residence with active leases and steady rental occupancy
- Built in 1900
- Well‑maintained 3‑family home near Kennedy Park in Fall River
Local 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 | $92.9k | $27.60 |
| − Vacancy | −$7.0k | −$2.07 |
| EGI | $85.9k | $25.53 |
| − OpEx | −$25.8k | −$7.66 |
| NOI | $60.2k | $17.87 |
3,366 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$859.3K
$751.9K – $1.00M
NOI $60,154 @ 7.0% cap · market cap 8.59%
Second Best
Apartment 5plus
$798.6K
$698.8K – $931.7K
NOI $55,903 @ 7.0% cap · market cap 7.99%
Theoretical Best
Office A
$2.05M
$1.79M – $2.39M
NOI $143,489 @ 7.0% cap · market cap 20.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-family residence with active leases and steady rental occupancy, offered for sale near Kennedy Park in Fall River.
Where is this triplex located?
The property is located at 40 Park St Fall River, MA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Three‑family residence with active leases and steady rental occupancy; Built in 1900; Well‑maintained 3‑family home near Kennedy Park in Fall River
