Three-Unit Residential Income
52 Lapham Street Fall River, MA 02721
52 Lapham Street, Fall River, MA, 02721
$749,900
For Sale
$749,900
Well-maintained three-family home with three-bedroom layouts, off-street parking, and a yard, plus recent kitchen and bath updates.
Property Size4,090 SF
Price / SF$183.35
Days on Market55
Property Features for 52 Lapham Street
General Information
- Standard status
- Active
- Size
- 4,090 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Paiva Real Estate Services,LLC
Listed by
Christopher J. Paiva
(617) 731-4644
Source
Hammondre
Added: May 29 Updated: Jul 22 at 12:54PM Checked: Jul 22 at 12:54PM
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 Paiva Real Estate Services,LLC
Investment Insights
Based on property information with market context.
This spacious, well-maintained three-family home features oversized units with over 1,200 square feet of living space in each. Each unit includes three bedrooms and one full bathroom, with functional layouts throughout. Recent updates include renovated kitchens and bathrooms, updated flooring, some replacement windows, and a roof approximately two years old.
The property provides off-street parking and a spacious yard for outdoor use. It is positioned for both investor ownership and owner-occupancy, with income potential supported by the existing unit configuration.
All three units share the same core layout, offering consistent residential design and practical day-to-day functionality across the property.
The property provides off-street parking and a spacious yard for outdoor use. It is positioned for both investor ownership and owner-occupancy, with income potential supported by the existing unit configuration.
All three units share the same core layout, offering consistent residential design and practical day-to-day functionality across the property.
Key Highlights
- 3‑family home built in 1900 with oversized units featuring 3 bedrooms and 1 full bath each
- Over 1,200 sq. ft. of living space in each unit (3‑unit total configuration)
- Recent updates include renovated kitchens and bathrooms and updated flooring
Local Financial Insights For Apartment 5plus
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 | $132.5k | $32.40 |
| − Vacancy | −$9.0k | −$2.20 |
| EGI | $123.5k | $30.20 |
| − OpEx | −$55.6k | −$13.59 |
| NOI | $67.9k | $16.61 |
4,090 SF · lease $32.40/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$913.7K – $1.22M
NOI $73,092 @ 7.0% cap · market cap 9.75%
Second Best
Apartment 5plus
$970.4K
$849.1K – $1.13M
NOI $67,928 @ 7.0% cap · market cap 9.06%
Theoretical Best
Office A
$2.49M
$2.18M – $2.91M
NOI $174,352 @ 7.0% cap · market cap 23.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-maintained three-family home with three-bedroom layouts, off-street parking, and a yard, plus recent kitchen and bath updates.
Where is this triplex located?
The property is located at 52 Lapham Street Fall River, MA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 3‑family home built in 1900 with oversized units featuring 3 bedrooms and 1 full bath each; Over 1,200 sq. ft. of living space in each unit (3‑unit total configuration); Recent updates include renovated kitchens and bathrooms and updated flooring
