Renovated Multi-Family
600 Broadway Fall River, MA 02724
600 Broadway, Fall River, MA, 02724
$850,000
For Sale
$850,000
Well-kept multi-family home with updates and income potential.
Property Size4,121 SF
Price / SF$206.26
Days on Market72
Property Features for 600 Broadway
General Information
- Standard status
- Active
- Size
- 4,121 SF
- Property subtype
- 3 Family
Building Details
- Year Built
- 1914
Listing Agency
Keller Williams Elite
(617) 970-6268
Listed by
Eduardo Franco
(617) 970-6268
Source
Lockandkeyre
Added: May 7 Checked: Jul 16 at 12:47 pm
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 Keller Williams Elite
Investment Insights
Based on property information with market context.
This multi-family home presents an opportunity for investors or owner-occupants. The property features a newly renovated second-floor unit with new flooring, recessed lighting, three bedrooms, a full kitchen, and closet space. A new heating system has been installed. The first floor contains two units, one of which includes a renovated basement in-law suite connected to the main level, creating a one-bedroom setup with mini-split A/C. The finished basement can also function as an additional in-law apartment. The walk-up attic, featuring full ceiling height and dormered windows, offers potential for a future fourth unit. A large driveway provides parking. The property is located near schools, parks, shopping, and major highways. The property size is 4121 square feet.
Key Highlights
- Strong income potential as a multi‑family home.
- Newly renovated second‑floor unit with three king‑sized bedrooms.
- First‑floor unit with a fully renovated basement in‑law suite.
Local Financial Insights For Multifamily LT 5
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 | $113.7k | $27.60 |
| − Vacancy | −$8.5k | −$2.07 |
| EGI | $105.2k | $25.53 |
| − OpEx | −$31.6k | −$7.66 |
| NOI | $73.6k | $17.87 |
4,121 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$920.6K – $1.23M
NOI $73,646 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$977.8K
$855.5K – $1.14M
NOI $68,443 @ 7.0% cap · market cap 8.05%
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M
NOI $175,673 @ 7.0% cap · market cap 20.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-kept multi-family home with updates and income potential.
Where is this triplex located?
The property is located at 600 Broadway Fall River, MA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Strong income potential as a multi‑family home.; Newly renovated second‑floor unit with **three king‑sized bedrooms.**; First‑floor unit with a **fully renovated basement in‑law suite.**
