3-Unit Property with
For Sale
$650,000
552 Alden St, Fall River, MA 02723
Residential Income, Fall River, MA
Property Size3,141 SF
Lot Size0.11 Acres
Price / SF$206.94
Days on Market50
Property Features for 552 Alden St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 6
Parking
3
Directions
Eastern Avenue, to E Warren Street, to Alden
Standard status
Active
APN
M:0J20 B:0000 L:0060,2829584
Size
3,141 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6018
Amenities
coin op laundry
small fenced yard
Building Details
Year built
1879
Floors in Building
3
Number of units
3
Listing Agency:
Keller Williams South Watuppa · Keller Williams Realty
(508) 677-3233
Listed By:
Clifford Ponte · License #9554597
(508) 677-3233
Added: Jul 5
Changed: Aug 21
Last Checked: Aug 23 at 2:06AM
MLS# 73545183
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.
Investment Insights
Based on property information with market context.
This 3-unit residential income property contains 3,141 square feet, with each apartment arranged as a two-bedroom layout featuring a living room, dining room, kitchen, and full bathroom. The unfinished basement adds laundry and storage space, while a small fenced yard and gas heat serve the property. One off-street parking space is provided for each unit.
The second-floor apartment is vacant. Property improvements include a roof completed in 2023, a porch completed in 2025, and coin-operated laundry scheduled for 2026. Town water and town sewer are in place. The property occupies 0.1065 acres in Fall River, Massachusetts, with highway access for commuter travel.
The second-floor apartment is vacant. Property improvements include a roof completed in 2023, a porch completed in 2025, and coin-operated laundry scheduled for 2026. Town water and town sewer are in place. The property occupies 0.1065 acres in Fall River, Massachusetts, with highway access for commuter travel.
Key Highlights
- 3,141‑square‑foot triplex on 0.1065 acres
- Each of the 3 units has 2 bedrooms, living room, dining room, kitchen, and full bathroom
- Second‑floor unit is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$56,133
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,122,660
$1.1M
Cap Rate 7%
$801,900
$801.9K
Cap Rate 9%
$623,700
$623.7K
Market Conditions
NOI Build-Up for 3,141 SF
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.
Gross rent
$86.7K $27.60/SF
− Vacancy
−$6.5K −$2.07/SF
EGI
$80.2K $25.53/SF
− OpEx
−$24.1K −$7.66/SF
NOI
$56.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,122,660
Cap Rate 7%
$801,900
Cap Rate 9%
$623,700
Alternative Uses
Best Use
Multifamily LT 5
$801.9K
$701.7K – $935.6K
NOI $56,133 @ 7.0% cap · market cap 8.64%
Second Best
Apartment 5plus
$745.2K
$652.1K – $869.4K
NOI $52,166 @ 7.0% cap · market cap 8.03%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,897 @ 7.0% cap · market cap 20.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
802
Businesses Nearby
Explore this area
Business Placement
Demographics for 02723, MA
16,084
Population
7,976
Households
2
Avg Household Size
38
Median Age
13%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
10,053
Density / Sq Mi
$41,789
Median Household Income
$40,140
Median Earnings
$1,058
Median Rent
$312,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer consistent layouts, basement storage, laundry, and one off-street parking space per unit.
Where is this triplex located?
The property is located at 552 Alden 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: 3,141‑square‑foot triplex on 0.1065 acres; Each of the 3 units has 2 bedrooms, living room, dining room, kitchen, and full bathroom; Second‑floor unit is vacant
