Triplex with Finished
New
For Sale
$829,000
600 Broadway, Fall River, MA 02724
Three existing units include a renovated upper-floor apartment, finished lower-level space, and a full-height walk-up attic.
Property Size4,121 SF
Price / SF$201.16
Days on Market4
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Property Features for 600 Broadway
General Information
Standard status
Active
Size
4,121 SF
Property subtype
3 Family
Building Details
Building Size
4,121 SF
Year Built
1914
Buildings
1
Tenancy
Multi
Listing Agency:
Keller Williams Elite
(508) 695-4545
Listed By:
Eduardo Franco
(617) 970-6268
Source:
Iverty
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 15 at 1:56AM
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.
Built in 1914, this 4,121-square-foot triplex has two units on the first floor and a third on the second. One first-floor unit opens directly to the finished basement, while a walk-up attic offers full ceiling height. The renovated second-floor apartment has three bedrooms, an office, a full kitchen, hardwood floors, recessed lighting, and ample closets. Its heating system is new, and the electrical system was updated in 2024. Mini-split air conditioning serves the connected first-floor and basement area.
A large driveway provides tenant parking. The property is near schools, parks, shopping, and major highways.
A large driveway provides tenant parking. The property is near schools, parks, shopping, and major highways.
Key Highlights
- 4,121‑square‑foot triplex built in 1914
- Three existing units: two on the first floor and one on the second
- Finished basement connects directly to one first‑floor unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,646
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,472,920
$1.5M
Cap Rate 7%
$1,052,086
$1.1M
Cap Rate 9%
$818,289
$818.3K
Market Conditions
NOI Build-Up for 4,121 SF
Gross rent
$113.7K $27.60/SF
− Vacancy
−$8.5K −$2.07/SF
EGI
$105.2K $25.53/SF
− OpEx
−$31.6K −$7.66/SF
NOI
$73.6K $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%
$1,472,920
Cap Rate 7%
$1,052,086
Cap Rate 9%
$818,289
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$920.6K – $1.23M
NOI $73,646 @ 7.0% cap · market cap 8.88%
Second Best
Apartment 5plus
$977.8K
$855.5K – $1.14M
NOI $68,443 @ 7.0% cap · market cap 8.26%
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M
NOI $175,673 @ 7.0% cap · market cap 21.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,534
Businesses Nearby
Explore this area
Business Placement
Demographics for 02724, MA
18,050
Population
8,808
Households
2
Avg Household Size
38
Median Age
15%
College-Educated
76%
High-School Grad
1.8 sq mi
ZIP Area
10,028
Density / Sq Mi
$49,809
Median Household Income
$42,334
Median Earnings
$1,105
Median Rent
$368,300
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 - Three existing units include a renovated upper-floor apartment, finished lower-level space, and a full-height walk-up attic.
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 $829,000.
What are key features of this property?
This property features: 4,121‑square‑foot triplex built in 1914; Three existing units: two on the first floor and one on the second; Finished basement connects directly to one first‑floor unit
