Three-Unit Triplex with Front
New
For Sale
$650,000
504 Peckham St, Fall River, MA 02721
Each apartment has three bedrooms and separate living, dining, and kitchen areas.
Property Size2,826 SF
Price / SF$230.01
Days on Market4
Property Features for 504 Peckham St
General Information
Standard status
Active
Size
2,826 SF
Property subtype
3 Family - 3 Units Up/Down
Units
Unit Mix
3 x 3BR
Multifamily Units
3
Amenities
front porch
basement
Building Details
Year Built
1900
Listing Agency:
Conway - Dartmouth
(508) 993-2700
Listed By:
Tanya Martinez
(617) 858-4584
Source:
Lockandkeyre
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 15 at 2:11AM
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 Conway - Dartmouth
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Investment Insights
Based on property information with market context.
This 2,826-square-foot triplex, built in 1900, contains three apartments, each with three bedrooms, a living room, dining room, and kitchen. The third-floor bathroom has been remodeled. Front porches serve the first and second floors, and the basement provides storage or laundry space.
The second-floor apartment is tenant-occupied without a lease in place. The third-floor apartment is ready for occupancy. A shared walkway easement provides access serving 506 Peckham Street. The dryer pictured in the second-floor unit is excluded from the sale.
The second-floor apartment is tenant-occupied without a lease in place. The third-floor apartment is ready for occupancy. A shared walkway easement provides access serving 506 Peckham Street. The dryer pictured in the second-floor unit is excluded from the sale.
Key Highlights
- 2,826‑square‑foot triplex built in 1900
- Three bedrooms in each apartment
- Every unit includes living, dining, and kitchen areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,503
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,010,060
$1.0M
Cap Rate 7%
$721,471
$721.5K
Cap Rate 9%
$561,144
$561.1K
Market Conditions
NOI Build-Up for 2,826 SF
Gross rent
$78.0K $27.60/SF
− Vacancy
−$5.8K −$2.07/SF
EGI
$72.1K $25.53/SF
− OpEx
−$21.6K −$7.66/SF
NOI
$50.5K $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%
$1,010,060
Cap Rate 7%
$721,471
Cap Rate 9%
$561,144
Alternative Uses
Best Use
Multifamily LT 5
$721.5K
$631.3K – $841.7K
NOI $50,503 @ 7.0% cap · market cap 7.77%
Second Best
Apartment 5plus
$670.5K
$586.7K – $782.3K
NOI $46,935 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,469 @ 7.0% cap · market cap 18.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,223
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Each apartment has three bedrooms and separate living, dining, and kitchen areas.
Where is this triplex located?
The property is located at 504 Peckham St Fall River, MA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,826‑square‑foot triplex built in 1900; Three bedrooms in each apartment; Every unit includes living, dining, and kitchen areas
