Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Vacant Multi-Family in Fall River Title is generated by Realmo AI

    493 Coggeshall, Fall River, MA 02721

    View on Map
    Claim this Listing
    Pending
    $600,000

    MULTI_FAMILY - Fall River, MA

    Property size:
    2,757 SF
    Lot size:
    0.10 Acres
    Added:
    Apr 12, 2026
    Days on Market:
    35
    Last Refresh:
    May 16 at 7:06 pm

    Property Features for 493 Coggeshall

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-4
    Bedrooms
    9
    Bathrooms
    3
    Rooms
    Bedroom 8, Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 6, Bedroom 7, Bedroom 1, Bedroom 4, Bedroom 9, Bathroom 1, Bedroom 2, Bathroom 3
    Parking
    2
    Fireplace
    1
    Standard status
    Pending
    APN
    2824903
    Size
    2,757 SF
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    5259

    Building Details

    Year built
    1900
    Floors in Building
    3
    Number of units
    3

    We can help!

    Listing Contact
    Clifford Ponte

    Listing agent Clifford Ponte License #9554597

    Listing office Keller Williams South Watuppa 275 Martine Street, Unit 109, Fall River, MA

    Listing date Apr 12, 2026

    MLS# 73500317 Listing URL

    Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Delivered completely vacant, ready for immediate occupancy and rental income.
    • Multi‑family (3‑family) building, ideal for investment or owner‑occupancy.
    • Each apartment features 3 bedrooms, offering ample living space.
    • Off‑street parking with a built‑in carport.
    • Basement with laundry hookups and walkout to the exterior.
    • Fireplace.

    Overview

    This multi-family property in Fall River, Massachusetts, presents a rare investment opportunity. The building is a three-family structure that will be delivered completely vacant. Each of the three apartments features three bedrooms, offering ample living space. The property includes off-street parking with a built-in carport. Located in the basement are laundry hookups, a cedar closet, and a walkout to the exterior. The lot size is approximately 0.1017 acres. The property has a total size of 2757 square feet and is zoned R-4.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $547.4K
    NOI $49,270 @ 9.00% cap · cautious / downside scenario
    Moderate
    $703.9K
    NOI $49,270 @ 7.00% cap · market / base-case scenario
    Aggressive
    $985.4K
    NOI $49,270 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Multifamily LT 5

    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 Use Scenarios

    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.
    Property Profile Insight Report 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
    -71.155263
    Latitude
    41.687404

    Nearby Similar for Sale

    • $899,000
      3,354 SF

      Updated Multifamily Investment Opportunity

      Fully updated four-unit property near amenities and major routes.
      169 Grant Street, Fall River, MA 02721
      View Details
    • $695,000
      3,201 SF

      Fall River Multi-Family Investment

      Well-maintained three-family property with strong rental history.
      1124 Bedford St, Fall River, MA 02723
      View Details
    • $744,900
      3,207 SF

      Fall River Three-Family Home

      Income-producing three-family home in desirable, walkable Fall River location.
      464 Birch St, Fall River, MA 02724
      View Details
    • $1,350,000
      6,898 SF

      Fall River Multifamily Opportunity

      Multifamily property with six units and a single-family home.
      119-121 Tremont St, Fall River, MA 02720
      View Details
    • $8
      6,500 SF

      Fall River Commercial Space

      6,500 sqft commercial space for lease in Fall River.
      1533 S Main Street, Fall River, MA 02724
      View Details
    • $850,000
      4,121 SF

      Fall River Multi-Family Home

      Well-kept multi-family home with updates and income potential.
      600 Broadway, Fall River, MA 02724
      View Details
    • $799,900
      3,305 SF

      Renovated Multi-Family Property

      Extensively renovated three-family property with modern amenities and vacant possession.
      58 Downing St, Fall River, MA 02723
      View Details
    • $649,900
      3,802 SF

      Fall River Triplex with Expansion

      Three-unit property in Fall River with expansion potential.
      226 Haffards St, Fall River, MA 02723
      View Details
    • $799,000
      5,096 SF

      Turnkey 6-Family Investment Property

      Well-maintained 6-family in Fall River with income potential.
      201-203 Fourth St, Fall River, MA 02721
      View Details
    • $1,400,000
      6,882 SF

      Renovated Multifamily Property in Fall River

      Completely renovated 6-family property, ideal for investors.
      1153 1157 Slade, Fall River, MA 02721
      View Details
    • $574,900
      2,288 SF

      Fall River Two-Family Home

      Two-family home with water views and a one-car garage.
      34 Last St, Fall River, MA 02724
      View Details
    • $499,900
      2,409 SF

      Updated Two-Family Home, Income Potential

      Spacious, updated two-family home with income potential in Fall River.
      654 Third, Fall River, MA 02721
      View Details

    FAQs

    What type of property is this?
    Triplex - Three-family building with three bedrooms per unit, 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 and rental income.; Multi‑family (3‑family) building, ideal for investment or owner‑occupancy.; Each apartment features **3 bedrooms**, offering ample living space.
    (508) 677-3233
    We can help!
    Listing Contact
    Clifford Ponte
    Real Estate License ID: 9554597
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    493 Coggeshall, Fall River, MA 02721
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!