Three-Unit Multifamily
494 TECUMSEH ST, Fall River, MA 02721
For Sale
New
$649,900
A remodeled upper-floor residence and unfinished fourth-floor area add flexibility to the existing three-unit layout.
Property Size3,550 SF
Price / SF$183.07
Days on Market3
Property Features for 494 TECUMSEH ST
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
HomeSmart First Class Realty
Listed By:
D. Brian Colville III
(781) 812-7379
Source:
Idx.mlspin
Added: Nov 10
Last Checked: Nov 12 at 4:07AM
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 HomeSmart First Class Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-unit multifamily property contains approximately 3,550 square feet on a 0.29-acre parcel, with a second lot at 494 Tecumseh St included in the sale. The unit mix comprises one two-bedroom, one-bath apartment and two three-bedroom, one-bath apartments. The third-floor unit has been remodeled. Vinyl siding, a new roof, tankless gas hot water, updated 220-volt electrical service, and a full unfinished basement are among the property’s features.
A paved driveway provides off-street parking for four cars, and the property also includes a one-car garage. The fourth floor may offer room to extend the third-floor unit across two levels or create another apartment.
A paved driveway provides off-street parking for four cars, and the property also includes a one-car garage. The fourth floor may offer room to extend the third-floor unit across two levels or create another apartment.
Key Highlights
- Three units: one 2‑bedroom apartment and two 3‑bedroom apartments, each with one full bath
- Approximately 3,550 square feet on a 0.29‑acre parcel
- Sale includes a second lot at 494 Tecumseh St
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,959
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,179,180
$1.2M
Cap Rate 7%
$842,271
$842.3K
Cap Rate 9%
$655,100
$655.1K
Market Conditions
NOI Build-Up for 3,550 SF
Gross rent
$115.0K $32.40/SF
− Vacancy
−$7.8K −$2.20/SF
EGI
$107.2K $30.20/SF
− OpEx
−$48.2K −$13.59/SF
NOI
$59.0K $16.61/SF
Area
Bristol County, MA
Vacancy
6.80%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,179,180
Cap Rate 7%
$842,271
Cap Rate 9%
$655,100
Alternative Uses
Best Use
Multifamily LT 5
$906.3K
$793.0K – $1.06M
NOI $63,442 @ 7.0% cap · market cap 9.76%
Second Best
Apartment 5plus
$842.3K
$737.0K – $982.7K
NOI $58,959 @ 7.0% cap · market cap 9.07%
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $151,332 @ 7.0% cap · market cap 23.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,438
Businesses Nearby
Explore this area
Business Placement
Demographics for 02721, MA
28,075
Population
12,358
Households
2.3
Avg Household Size
38
Median Age
15%
College-Educated
73%
High-School Grad
4.0 sq mi
ZIP Area
7,019
Density / Sq Mi
$50,666
Median Household Income
$40,315
Median Earnings
$1,010
Median Rent
$362,800
Median Home Value
Market
Average Price Trend$/SF for Triplexes in Fall River, MA
Properties on Market for Triplexes in Fall River
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - A remodeled upper-floor residence and unfinished fourth-floor area add flexibility to the existing three-unit layout.
Where is this triplex located?
The property is located at 494 TECUMSEH ST Fall River, MA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Three units: one 2‑bedroom apartment and two 3‑bedroom apartments, each with one full bath; Approximately 3,550 square feet on a 0.29‑acre parcel; Sale includes a second lot at 494 Tecumseh St
