3-Unit Triplex with Heated
New
For Sale
$649,900
606 Prospect St, Fall River, MA 02720
Residential Income, Fall River, MA
Property Size2,949 SF
Lot Size0.25 Acres
Price / SF$220.38
Days on Market3
Property Features for 606 Prospect St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
G
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 6, Bedroom 4, Bedroom 5, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1
Parking
8
Directions
Robeson St to West on Prospect
Standard status
Active
APN
2832452
Size
2,949 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6042
Building Details
Year built
1900
Floors in Building
3
Number of units
3
Listing Agency:
RE/MAX Vantage · RE/MAX International
(774) 992-0297
Listed By:
Eddie Lopez
(508) 999-4424
Added: Nov 4
Last Checked: Nov 6 at 11:06AM
MLS# 73598869
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.
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Investment Insights
Based on property information with market context.
This 2,949-square-foot triplex contains three two-bedroom apartments, with living areas and layouts suited to varied household needs. Recent work includes plumbing updates, installation of two newer water heaters, and refinished hardwood floors following carpet removal. A heated garage provides additional workspace and storage.
Key Highlights
- Three two‑bedroom units in a 2,949‑square‑foot triplex
- 0.25‑acre lot with a long driveway and off‑street parking
- Oversized heated garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,702
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,054,040
$1.1M
Cap Rate 7%
$752,886
$752.9K
Cap Rate 9%
$585,578
$585.6K
Market Conditions
NOI Build-Up for 2,949 SF
Gross rent
$81.4K $27.60/SF
− Vacancy
−$6.1K −$2.07/SF
EGI
$75.3K $25.53/SF
− OpEx
−$22.6K −$7.66/SF
NOI
$52.7K $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%
$1,054,040
Cap Rate 7%
$752,886
Cap Rate 9%
$585,578
Alternative Uses
Best Use
Multifamily LT 5
$752.9K
$658.8K – $878.4K
NOI $52,702 @ 7.0% cap · market cap 8.11%
Second Best
Apartment 5plus
$699.7K
$612.2K – $816.3K
NOI $48,978 @ 7.0% cap · market cap 7.54%
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,712 @ 7.0% cap · market cap 19.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,235
Businesses Nearby
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Business Placement
Demographics for 02720, MA
31,209
Population
14,940
Households
2.1
Avg Household Size
41
Median Age
21%
College-Educated
81%
High-School Grad
13.2 sq mi
ZIP Area
2,364
Density / Sq Mi
$62,907
Median Household Income
$45,199
Median Earnings
$1,177
Median Rent
$361,800
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Fall River, MA
Properties on Market for Triplexes in Fall River
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three two-bedroom residences pair with extensive off-street parking and a separate heated garage.
Where is this triplex located?
The property is located at 606 Prospect St Fall River, MA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Three two‑bedroom units in a 2,949‑square‑foot triplex; 0.25‑acre lot with a long driveway and off‑street parking; Oversized heated garage
