Three-Unit Multifamily
For Sale
$529,000
Pending
442 Hope St, Fall River, MA 02721
Three two-bedroom apartments provide a consistent layout across the property, with one unit currently available for occupancy.
Property Size2,760 SF
Days on Market96
Property Features for 442 Hope St
General Information
Standard status
Pending
Size
2,760 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
A-2
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,030
Building Details
Building Size
2,760 SF
Year Built
1900
Buildings
1
Stories
3
Units
3
Listing Agency:
Corcoran Chart House Realty
(508) 243-6615
Listed By:
Matthew Antonio
(508) 243-6615
Source:
Alliancepartnersre
Added: May 28
Changed: Aug 30
Last Checked: Jun 3 at 12:08PM
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 Corcoran Chart House Realty
Investment Insights
Based on property information with market context.
Located at 442 Hope Street in Fall River, Massachusetts, this three-unit multifamily property contains approximately 2,760 square feet of living area. Built in 1900, the building includes three apartments, each arranged with two bedrooms and one full bathroom. Hardwood flooring extends through much of the interior, adding a durable finish to the residential spaces.
The second-floor apartment is vacant, while the other two units remain occupied, providing flexibility for an owner-occupant, extended household, or investor. The property is positioned near local amenities, major routes, and area services, supporting convenient access to daily needs and transportation connections.
The second-floor apartment is vacant, while the other two units remain occupied, providing flexibility for an owner-occupant, extended household, or investor. The property is positioned near local amenities, major routes, and area services, supporting convenient access to daily needs and transportation connections.
Key Highlights
- Three‑unit multifamily property at 442 Hope St, Fall River, MA 02721
- Approximately 2,760 square feet of living space
- Each apartment includes 2 bedrooms and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,839
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$916,780
$916.8K
Cap Rate 7%
$654,843
$654.8K
Cap Rate 9%
$509,322
$509.3K
Market Conditions
NOI Build-Up for 2,760 SF
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.
Gross rent
$89.4K $32.40/SF
− Vacancy
−$6.1K −$2.20/SF
EGI
$83.3K $30.20/SF
− OpEx
−$37.5K −$13.59/SF
NOI
$45.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$916,780
Cap Rate 7%
$654,843
Cap Rate 9%
$509,322
Alternative Uses
Best Use
Multifamily LT 5
$704.6K
$616.6K – $822.1K
NOI $49,324 @ 7.0% cap · market cap 9.32%
Second Best
Apartment 5plus
$654.8K
$573.0K – $764.0K
NOI $45,839 @ 7.0% cap · market cap 8.67%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,655 @ 7.0% cap · market cap 22.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,425
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three two-bedroom apartments provide a consistent layout across the property, with one unit currently available for occupancy.
Where is this triplex located?
The property is located at 442 Hope St Fall River, MA.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Three‑unit multifamily property at 442 Hope St, Fall River, MA 02721; Approximately 2,760 square feet of living space; Each apartment includes 2 bedrooms and 1 full bath
