Six-Unit Apartment Building with
423 Division Street Fall River, MA 02721
423 Division Street, Fall River, MA, 02721
$1,300,000
For Sale
$1,300,000
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$252.08
Days on Market77
Property Features for 423 Division Street
General Information
- Standard status
- Active
- Size
- 5,157 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Amaral & Associates RE
(508) 674-4972
Listed by
Gilnerys Santana · License #9582410
Source
Milburyre
Added: May 6 Updated: Jul 20 at 8:13PM Checked: Jul 21 at 6:35AM
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 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
Local Financial Insights For Apartment 5plus
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 | $167.1k | $32.40 |
| − Vacancy | −$11.4k | −$2.20 |
| EGI | $155.7k | $30.20 |
| − OpEx | −$70.1k | −$13.59 |
| NOI | $85.6k | $16.61 |
5,157 SF · lease $32.40/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.22M
$1.07M – $1.43M
NOI $85,649 @ 7.0% cap · market cap 6.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.14M
$2.75M – $3.66M
NOI $219,837 @ 7.0% cap · market cap 16.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
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 Street Fall River, MA.
What is the asking price?
The asking price for this property is $1,300,000.
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
