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Renovated Three-Family Property with Garage

58 Downing St, Fall River, MA 02723

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For Sale

$799,900

Extensively renovated three-family property featuring modern amenities and a three-car garage.

Type:3 Family

Property size:

3,305 SF

Price / SF:

$242/SF

HighLights

Massive 3‑family property with 11 total bedrooms, ideal for investors or large families.
Fully renovated units featuring new kitchens with quartz countertops and stainless‑steel appliances, new bathrooms, and new flooring.
New mini‑split systems in all 3 units provide efficient AC and heating.
Upgraded electrical and plumbing systems with individual electrical panels and new water heaters.
Includes a 3‑car garage with additional workshop/storage space.
Property to be delivered completely vacant, offering immediate occupancy or rental potential.

We can help!

Listing Contact

Legacy Direct Realty Team

Learn more

For Sale

$799,900

Extensively renovated three-family property featuring modern amenities and a three-car garage.

Type:3 Family

Property size:

3,305 SF

Price / SF:

$242/SF

Added:: Apr 6, 2026
Days on Market:: 70
Last Refresh:: Apr 20 at 7:32 pm

Property Features for 58 Downing St

General Information

Standard status: Active
Size: 3,305 SF
Property subtype: 3 Family

Building Details

Year Built: 1900

We can help!

Listing Contact

Legacy Direct Realty Team

Listing agent Jordan Healy

Listing office RE/MAX Synergy

Listing date Apr 6, 2026

Source Lockandkeyre

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 RE/MAX Synergy

HighLights

Massive 3‑family property with 11 total bedrooms, ideal for investors or large families.
Fully renovated units featuring new kitchens with quartz countertops and stainless‑steel appliances, new bathrooms, and new flooring.
New mini‑split systems in all 3 units provide efficient AC and heating.
Upgraded electrical and plumbing systems with individual electrical panels and new water heaters.
Includes a 3‑car garage with additional workshop/storage space.
Property to be delivered completely vacant, offering immediate occupancy or rental potential.

Overview

This is a three-family property featuring a total of 11 bedrooms. The first floor is a single-level unit, while the second and third units are townhouse-style apartments. Each unit has undergone extensive renovations, including new kitchens with soft-close cabinets, quartz countertops, and stainless-steel appliances, as well as new bathrooms and new flooring throughout. Mini-split systems have been installed in all three units for both air conditioning and heating. Electrical and plumbing systems have been upgraded, with electrical panels brought into each individual unit. New water heaters have been installed for all units. An oversized deck overlooks the yard. The property also includes a three-car garage with an additional workshop or storage space. The property will be delivered completely vacant. The property size is 3305 square feet.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$91.2k	$27.60
− Vacancy	−$6.8k	−$2.07
EGI	$84.4k	$25.53
− OpEx	−$25.3k	−$7.66
NOI	$59.1k	$17.87

3,305 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$843.8K

$738.3K – $984.4K (±1% cap)

NOI $59,064 @ 7.0% cap · market cap 7.38%

Second Best

Apartment 5plus

$784.1K

$686.1K – $914.8K (±1% cap)

NOI $54,890 @ 7.0% cap · market cap 6.86%

Theoretical Best

Office A

$2.01M

$1.76M – $2.35M (±1% cap)

NOI $140,888 @ 7.0% cap · market cap 17.61%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Fall River
County: Bristol
State: Massachusetts
Longitude: -71.1333745
Latitude: 41.695842

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For sale
Triplexes
MA
Fall River
02723
58 Downing St

What type of property is this?

Triplex - Extensively renovated three-family property featuring modern amenities and a three-car garage.

Where is this triplex located?

The property is located at 58 Downing St Fall River, MA.

What is the asking price?

The asking price for this property is $799,900.

What are key features of this property?

This property features: Massive 3‑family property with 11 total bedrooms, ideal for investors or large families.; Fully renovated units featuring new kitchens with quartz countertops and stainless‑steel appliances, new bathrooms, and new flooring.; New mini‑split systems in all 3 units provide efficient AC and heating.