Three-Family Home Near S.
For Sale
$744,900
Pending
464 Birch St, Fall River, MA 02724
Three-unit home near business district with high walkability score.
Property Size3,207 SF
Days on Market113
Property Features for 464 Birch St
General Information
Standard status
Pending
Size
3,207 SF
Property subtype
3 Family
Building Details
Year Built
1900
Listing Agency:
Keller Williams Realty Evolution
(781) 454-8880
Listed By:
Stonehurst RE Group
(781) 454-8880
Source:
Lockandkeyre
Added: Apr 10
Changed: Jul 10
Last Checked: Jul 31 at 6:01AM
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 Keller Williams Realty Evolution
Investment Insights
Based on property information with market context.
This three-family home presents an opportunity for both owner-occupants and investors. Located just off the S. Main St. business district, the property has a Walk Score of 77, making it attractive for residents and tenants. The home features oak hardwood floors and a flowing floor plan. Situated on a level corner lot, it offers separate utilities, newer domestic hot water tanks, and natural gas service. Additional features include a standalone garage and three bedrooms in each unit. Units 1 and 3 offer an additional home office or bonus room. The property is conveniently located near Abbott Park, MBCR Fall River Depot, South Coast Marketplace, and the downtown Fall River business district, with easy access to Routes 24 and 195. The property size is 3207 square feet.
Key Highlights
- Desirable location near S. Main St. business district with a "Very Walkable" Walk Score of 77.
- Three units, each with three bedrooms, offering income potential or owner‑occupancy options.
- Units 1 and 3 include an additional home office/bonus room.
Financial Insights For Multifamily LT 5
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 | $88.5k | $27.60 |
| − Vacancy | −$6.6k | −$2.07 |
| EGI | $81.9k | $25.53 |
| − OpEx | −$24.6k | −$7.66 |
| NOI | $57.3k | $17.87 |
3,207 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$818.7K
$716.4K – $955.2K
NOI $57,312 @ 7.0% cap · market cap 7.69%
Second Best
Apartment 5plus
$760.9K
$665.8K – $887.7K
NOI $53,263 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,711 @ 7.0% cap · market cap 18.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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-unit home near business district with high walkability score.
Where is this triplex located?
The property is located at 464 Birch St Fall River, MA.
What is the asking price?
The asking price for this property is $744,900.
What are key features of this property?
This property features: Desirable location near S. Main St. business district with a "Very Walkable" Walk Score of 77.; Three units, each with three bedrooms, offering income potential or owner‑occupancy options.; Units 1 and 3 include an additional home office/bonus room.
