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    Vacant Multi-Family Investment Opportunity Title is generated by Realmo AI

    493 Coggeshall, Fall River, MA 02721

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    Claim this Listing
    For Sale
    $600,000

    Three-family building with off-street parking, delivered vacant.

    Type:3 Family
    Property size:
    2,757 SF
    Price / SF:
    $217/SF
    Added:
    Apr 12, 2026
    Days on Market:
    64
    Last Refresh:
    Apr 20 at 6:31 pm

    Property Features for 493 Coggeshall

    General Information

    Standard status
    Active
    Size
    2,757 SF
    Property subtype
    3 Family

    Building Details

    Year Built
    1900

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    Listing Contact
    Corey Ferreira

    Listing agent Corey Ferreira

    Listing office Keller Williams South Watuppa

    Listing date Apr 12, 2026

    Source Lockandkeyre

    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 South Watuppa

    HighLights

    • Delivered completely vacant, ready for immediate occupancy.
    • Multi‑family (3‑family) building.
    • Each apartment has 3 bedrooms.
    • Off‑street parking with a built‑in carport.
    • Laundry hookups in the basement.
    • Cedar closet in the basement.

    Overview

    This multi-family property presents an investment opportunity, featuring a vacant three-family building. Each apartment includes three bedrooms, offering ample living space. The property is ready for occupancy and includes off-street parking with a built-in carport. The basement provides laundry hookups, a cedar closet, and a walkout to the exterior. The property size is 2757 square feet.

    Local 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 $76.1k $27.60
    − Vacancy −$5.7k −$2.07
    EGI $70.4k $25.53
    − OpEx −$21.1k −$7.66
    NOI $49.3k $17.87
    2,757 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $703.9K
    $615.9K – $821.2K (±1% cap)
    NOI $49,270 @ 7.0% cap · market cap 8.21%
    Second Best
    Apartment 5plus
    $654.1K
    $572.4K – $763.2K (±1% cap)
    NOI $45,789 @ 7.0% cap · market cap 7.63%
    Theoretical Best
    Office A
    $1.68M
    $1.47M – $1.96M (±1% cap)
    NOI $117,528 @ 7.0% cap · market cap 19.59%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fall River
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.1552704
    Latitude
    41.6873923

    FAQs

    What type of property is this?
    Triplex - Three-family building with off-street parking, delivered vacant.
    Where is this triplex located?
    The property is located at 493 Coggeshall Fall River, MA.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: Delivered completely vacant, ready for immediate occupancy.; Multi‑family (3‑family) building.; Each apartment has 3 bedrooms.
    More about this property
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