Three-Story Multifamily
47 Boutwell Fall River, MA 02720
47 Boutwell, Fall River, MA, 02720
$735,000
For Sale
$735,000
Three-story building with six 2-bedroom, 1-bath units and on-street parking.
Property Size2,917 SF
Lot Size0.05 Acres
Price / SF$251.97
Days on Market126
Property Features for 47 Boutwell
General Information
- Standard status
- Active
- Size
- 2,917 SF
- Lot size
- 0.05 Acres
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Horvath & Tremblay
Listed by
Spencer Smith
(617) 875-4950
Source
Sarkisboston
Added: Mar 18 Updated: Jul 21 at 2:15PM Checked: Jul 21 at 2:15PM
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 Horvath & Tremblay
Investment Insights
Based on property information with market context.
This three-story multifamily building offers six total units, each configured as a 2-bedroom, 1-bath residence. The property totals 2,917 square feet of gross living area and includes 2,265 square feet of gross area, arranged across the three levels.
The building is situated on a 0.05-acre parcel and provides on-street parking for occupants and visitors.
Designed for residential income, the asset is presented for sale as an investment property with all units currently described under the same unit mix.
The building is situated on a 0.05-acre parcel and provides on-street parking for occupants and visitors.
Designed for residential income, the asset is presented for sale as an investment property with all units currently described under the same unit mix.
Key Highlights
- Three‑story multifamily at 47 Boutwell Street, Fall River, MA, built in 1900
- Six (6) units total: 2‑bedroom/1‑bath apartments
- 2,917 sq ft gross living area across the building
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 | $94.5k | $32.40 |
| − Vacancy | −$6.4k | −$2.20 |
| EGI | $88.1k | $30.20 |
| − OpEx | −$39.6k | −$13.59 |
| NOI | $48.4k | $16.61 |
2,917 SF · lease $32.40/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$692.1K
$605.6K – $807.4K
NOI $48,446 @ 7.0% cap · market cap 6.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.78M
$1.55M – $2.07M
NOI $124,348 @ 7.0% cap · market cap 16.92%
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 - Three-story building with six 2-bedroom, 1-bath units and on-street parking.
Where is this apartment building located?
The property is located at 47 Boutwell Fall River, MA.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: Three‑story multifamily at 47 Boutwell Street, Fall River, MA, built in 1900; Six (6) units total: 2‑bedroom/1‑bath apartments; 2,917 sq ft gross living area across the building
