Triplex with Walk-Out
For Sale
$799,990
455 Dwelly Street, Fall River, MA 02724
Three residential units with available parking and a basement bonus room support flexible occupancy and leasing plans.
Property Size3,456 SF
Price / SF$231.48
Days on Market146
Property Features for 455 Dwelly Street
General Information
Standard status
Active
Size
3,456 SF
Total Parking Spaces
2
Property subtype
Multi-family / 3 Family
Zoning
R-4
Net Operating Income
$21,600
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,018
Amenities
City/Town Sewer, Public
No
Wood, Tile
4.0
Full, Walk Out
3
1
3.50
4
See Remarks
Shingle
Building Details
Year Built
1915
Buildings
1
Listing Agency:
Mozy Realty Group
(774) 506-1769
Listed By:
Mimose Valme · License #9579324
(774) 506-1769
Source:
Compass
Added: Apr 8
Changed: Aug 30
Last Checked: Aug 30 at 12:52PM
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 Mozy Realty Group
Investment Insights
Based on property information with market context.
This 3,456-square-foot triplex, built in 1915, contains three residential units and a walk-out basement with an additional bonus room. Interior finishes include wood and tile, while the exterior has shingle siding. Parking is available, and the property is subject to an as-is sale.
The first-floor unit is vacant, and the second-floor tenant is expected to move out soon, creating near-term flexibility for an owner-occupant or leasing strategy. Located on Dwelly Street in Fall River, the property is near shopping, highways, and public transportation. R-4 zoning is identified for the property.
The first-floor unit is vacant, and the second-floor tenant is expected to move out soon, creating near-term flexibility for an owner-occupant or leasing strategy. Located on Dwelly Street in Fall River, the property is near shopping, highways, and public transportation. R-4 zoning is identified for the property.
Key Highlights
- 3,456‑square‑foot triplex built in 1915
- Three residential units with a walk‑out basement
- Basement bonus room adds supplemental space
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
$61,762
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
7.72%
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%
$1,235,240
$1.2M
Cap Rate 7%
$882,314
$882.3K
Cap Rate 9%
$686,244
$686.2K
Market Conditions
NOI Build-Up for 3,456 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
$95.4K $27.60/SF
− Vacancy
−$7.2K −$2.07/SF
EGI
$88.2K $25.53/SF
− OpEx
−$26.5K −$7.66/SF
NOI
$61.8K $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 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%
$1,235,240
Cap Rate 7%
$882,314
Cap Rate 9%
$686,244
Alternative Uses
Best Use
Multifamily LT 5
$882.3K
$772.0K – $1.03M
NOI $61,762 @ 7.0% cap · market cap 7.72%
Second Best
Apartment 5plus
$820.0K
$717.5K – $956.6K
NOI $57,398 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$2.10M
$1.84M – $2.46M
NOI $147,325 @ 7.0% cap · market cap 18.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
547
Businesses Nearby
Explore this area
Business Placement
Demographics for 02724, MA
18,050
Population
8,808
Households
2
Avg Household Size
38
Median Age
15%
College-Educated
76%
High-School Grad
1.8 sq mi
ZIP Area
10,028
Density / Sq Mi
$49,809
Median Household Income
$42,334
Median Earnings
$1,105
Median Rent
$368,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units with available parking and a basement bonus room support flexible occupancy and leasing plans.
Where is this triplex located?
The property is located at 455 Dwelly Street Fall River, MA.
What is the asking price?
The asking price for this property is $799,990.
What are key features of this property?
This property features: 3,456‑square‑foot triplex built in 1915; Three residential units with a walk‑out basement; Basement bonus room adds supplemental space
