Six-Unit Apartment Building with
For Sale
$1,200,000
423 Division St, Fall River, MA 02721
Six-family apartment building with spacious units, separate utilities, and a detached garage providing off-street parking and storage.
Property Size5,157 SF
Price / SF$232.69
Days on Market166
Property Features for 423 Division St
General Information
Standard status
Active
Size
5,157 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Zoning
A-2
Net Operating Income
$115,200
Additional Details
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$8,462
Building Details
Building Size
5,157 SF
Year Built
1900
Stories
3
Listing Agency:
Amaral & Associates RE
(508) 674-4972
Listed By:
Gilnerys Santana · License #9582410
(774) 240-4771
Source:
Churchillprop
Added: May 8
Changed: Oct 13
Last Checked: Oct 19 at 4:57AM
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
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Investment Insights
Based on property information with market context.
This six-family apartment building offers spacious units and a practical layout supported by separate utilities. The property also includes a detached garage, providing off-street parking along with additional storage for residents.
The building is set back from the main street, and is described as being in a convenient area near shopping, schools, public transportation, and major routes.
As an income-producing multifamily asset, the configuration supports independent unit management thanks to the separate utilities, while the detached garage adds useful parking and storage value on-site.
The building is set back from the main street, and is described as being in a convenient area near shopping, schools, public transportation, and major routes.
As an income-producing multifamily asset, the configuration supports independent unit management thanks to the separate utilities, while the detached garage adds useful parking and storage value on-site.
Key Highlights
- Six‑family apartment building built in 1900
- Spacious units with separate utilities
- Detached garage provides off‑street parking and additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,649
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,712,980
$1.7M
Cap Rate 7%
$1,223,557
$1.2M
Cap Rate 9%
$951,656
$951.7K
Market Conditions
NOI Build-Up for 5,157 SF
Gross rent
$167.1K $32.40/SF
− Vacancy
−$11.4K −$2.20/SF
EGI
$155.7K $30.20/SF
− OpEx
−$70.1K −$13.59/SF
NOI
$85.6K $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%
$1,712,980
Cap Rate 7%
$1,223,557
Cap Rate 9%
$951,656
Alternative Uses
Best Use
Apartment 5plus
$1.22M
$1.07M – $1.43M
NOI $85,649 @ 7.0% cap · market cap 7.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.14M
$2.75M – $3.66M
NOI $219,837 @ 7.0% cap · market cap 18.32%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,000
Businesses Nearby
Explore this area
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Six-family apartment building with spacious units, separate utilities, and a detached garage providing off-street parking and storage.
Where is this apartment building located?
The property is located at 423 Division St Fall River, MA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Six‑family apartment building built in 1900; Spacious units with separate utilities; Detached garage provides off‑street parking and additional storage
