Three-Unit Multifamily
New
For Sale
$749,900
48 Tuttle St, Fall River, MA 02724
A vacant, renovated apartment provides flexibility alongside two occupied units and a two-car garage.
Property Size2,700 SF
Price / SF$277.74
Days on Market7
Property Features for 48 Tuttle St
General Information
Standard status
Active
Size
2,700 SF
Property subtype
3 Family - 3 Units Up/Down
Building Details
Year Built
1900
Listing Agency:
RE/MAX Vantage
(774) 992-0297
Listed By:
Team ROSO
(508) 951-4104
Source:
Lockandkeyre
Added: Sep 29
Changed: Oct 4
Last Checked: Oct 4 at 10:02AM
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 RE/MAX Vantage
Investment Insights
Based on property information with market context.
This three-unit multifamily property contains 2,700 square feet and was built in 1900. The first-floor apartment has been renovated and will be delivered vacant. Apartments on the second and third floors are occupied by tenants at will. A two-car garage and full basement are also part of the property.
Located at 48 Tuttle St in Fall River, Massachusetts, the property offers a mix of vacant and occupied units within one building.
Located at 48 Tuttle St in Fall River, Massachusetts, the property offers a mix of vacant and occupied units within one building.
Key Highlights
- Three units in a 2,700‑square‑foot building
- Renovated first‑floor unit to be delivered vacant
- Second- and third‑floor apartments occupied by tenants at will
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,252
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$965,040
$965.0K
Cap Rate 7%
$689,314
$689.3K
Cap Rate 9%
$536,133
$536.1K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$74.5K $27.60/SF
− Vacancy
−$5.6K −$2.07/SF
EGI
$68.9K $25.53/SF
− OpEx
−$20.7K −$7.66/SF
NOI
$48.3K $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 Rate 5%
$965,040
Cap Rate 7%
$689,314
Cap Rate 9%
$536,133
Alternative Uses
Best Use
Multifamily LT 5
$689.3K
$603.2K – $804.2K
NOI $48,252 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$640.6K
$560.5K – $747.4K
NOI $44,842 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$1.64M
$1.44M – $1.92M
NOI $115,098 @ 7.0% cap · market cap 15.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,133
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - A vacant, renovated apartment provides flexibility alongside two occupied units and a two-car garage.
Where is this triplex located?
The property is located at 48 Tuttle St Fall River, MA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Three units in a 2,700‑square‑foot building; Renovated first‑floor unit to be delivered vacant; Second- and third‑floor apartments occupied by tenants at will
