Triplex with Five-Vehicle
New
For Sale
$619,900
405 Warren St, Fall River, MA 02721
The first-floor apartment will be vacant at transfer, with two additional units in the building.
Property Size2,845 SF
Days on Market4
Property Features for 405 Warren St
General Information
Standard status
Active
Size
2,845 SF
Total Parking Spaces
5
Property subtype
Investment
Additional Details
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,430
Building Details
Building Size
2,845 SF
Year Built
1900
Stories
3
Units
3
Listed By:
Mary Feliciano Coba
(774) 400-5972
Source:
Elliman
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 7:22AM
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 Mary Feliciano Coba
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Investment Insights
Based on property information with market context.
This three-family property includes a first-floor apartment currently configured as four bedrooms, which will be delivered vacant. Two additional units provide the other residences in the triplex. The building dates to 1900, and the property offers off-street parking for as many as five vehicles.
The property is across from Pulaski Park in Fall River’s Niagara neighborhood. Shopping, schools, public transportation and major routes are accessible from the area. WalkScore is 75, BikeScore is 64 and TransitScore is 42.
The property is across from Pulaski Park in Fall River’s Niagara neighborhood. Shopping, schools, public transportation and major routes are accessible from the area. WalkScore is 75, BikeScore is 64 and TransitScore is 42.
Key Highlights
- Three‑family property with a four‑bedroom first‑floor apartment
- First‑floor unit will be delivered vacant
- Off‑street parking for up to 5 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,843
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,016,860
$1.0M
Cap Rate 7%
$726,329
$726.3K
Cap Rate 9%
$564,922
$564.9K
Market Conditions
NOI Build-Up for 2,845 SF
Gross rent
$78.5K $27.60/SF
− Vacancy
−$5.9K −$2.07/SF
EGI
$72.6K $25.53/SF
− OpEx
−$21.8K −$7.66/SF
NOI
$50.8K $17.87/SF
Area
Bristol County, MA
Vacancy
7.50%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,016,860
Cap Rate 7%
$726,329
Cap Rate 9%
$564,922
Alternative Uses
Best Use
Multifamily LT 5
$726.3K
$635.5K – $847.4K
NOI $50,843 @ 7.0% cap · market cap 8.20%
Second Best
Apartment 5plus
$675.0K
$590.6K – $787.5K
NOI $47,250 @ 7.0% cap · market cap 7.62%
Theoretical Best
Office A
$1.73M
$1.52M – $2.02M
NOI $121,279 @ 7.0% cap · market cap 19.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
555
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 - The first-floor apartment will be vacant at transfer, with two additional units in the building.
Where is this triplex located?
The property is located at 405 Warren St Fall River, MA.
What is the asking price?
The asking price for this property is $619,900.
What are key features of this property?
This property features: Three‑family property with a four‑bedroom first‑floor apartment; First‑floor unit will be delivered vacant; Off‑street parking for up to 5 vehicles
