Three-Unit Residential Property with
498 Durfee St, Fall River, MA 02720
For Sale
New
$777,888
Residential Income, Fall River, MA
Property Size3,078 SF
Lot Size0.09 Acres
Price / SF$252.73
Days on Market1
Property Features for 498 Durfee St
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Amenities
deck
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
Keller Williams South Watuppa · Keller Williams Realty
Listed By:
Clifford Ponte · License MA #9554597
(508) 677-3233
Added: Nov 14
Last Checked: Nov 14 at 10:06PM
MLS# 73602283
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.
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Investment Insights
Based on property information with market context.
This triplex contains three residences with nine bedrooms in total. Each unit has three bedrooms and an eat-in kitchen, and a deck extends from the second floor. The building contains 3,078 square feet on a 0.0892-acre lot and was built in 1900. Zoning is G.
The property is in Fall River, within walking distance of the commuter rail. The waterfront and Route 79 corridor are also accessible from the site. The second-floor deck looks out over the water.
Two of the three units are vacant. The property’s three-unit configuration and existing bedroom and kitchen layouts are consistent across the residences.
The property is in Fall River, within walking distance of the commuter rail. The waterfront and Route 79 corridor are also accessible from the site. The second-floor deck looks out over the water.
Two of the three units are vacant. The property’s three-unit configuration and existing bedroom and kitchen layouts are consistent across the residences.
Key Highlights
- Three units with nine bedrooms total
- Three bedrooms and an eat‑in kitchen in each unit
- Second‑floor deck with water views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,007
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,100,140
$1.1M
Cap Rate 7%
$785,814
$785.8K
Cap Rate 9%
$611,189
$611.2K
Market Conditions
NOI Build-Up for 3,078 SF
Gross rent
$85.0K $27.60/SF
− Vacancy
−$6.4K −$2.07/SF
EGI
$78.6K $25.53/SF
− OpEx
−$23.6K −$7.66/SF
NOI
$55.0K $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%
$1,100,140
Cap Rate 7%
$785,814
Cap Rate 9%
$611,189
Alternative Uses
Best Use
Multifamily LT 5
$785.8K
$687.6K – $916.8K
NOI $55,007 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$730.3K
$639.0K – $852.0K
NOI $51,120 @ 7.0% cap · market cap 6.57%
Theoretical Best
Office A
$1.87M
$1.64M – $2.19M
NOI $131,211 @ 7.0% cap · market cap 16.87%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,706
Businesses Nearby
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Business Placement
Demographics for 02720, MA
31,209
Population
14,940
Households
2.1
Avg Household Size
41
Median Age
21%
College-Educated
81%
High-School Grad
13.2 sq mi
ZIP Area
2,364
Density / Sq Mi
$62,907
Median Household Income
$45,199
Median Earnings
$1,177
Median Rent
$361,800
Median Home Value
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Market
Average Price Trend$/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 - Each residence has three bedrooms and an eat-in kitchen; two units are vacant.
Where is this triplex located?
The property is located at 498 Durfee St Fall River, MA.
What is the asking price?
The asking price for this property is $777,888.
What are key features of this property?
This property features: Three units with nine bedrooms total; Three bedrooms and an eat‑in kitchen in each unit; Second‑floor deck with water views
