Updated Triplex with Water
For Sale
$799,000
613 Durfee St, Fall River, MA 02720
The property includes updated three-bedroom units, off-street parking, and a fenced backyard.
Property Size3,789 SF
Price / SF$210.87
Days on Market115
Property Features for 613 Durfee St
General Information
Standard status
Active
Size
3,789 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Zoning
B-L
Taxes and HOA fees
Annual Taxes
$7,025
Building Details
Building Size
3,789 SF
Year Built
1900
Stories
3
Listing Agency:
Boston Hub Real Estate
(978) 578-5013
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: May 9
Changed: Aug 29
Last Checked: Aug 30 at 2:39PM
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 Boston Hub Real Estate
Investment Insights
Based on property information with market context.
This 3,789-square-foot triplex, built in 1900, contains three updated three-bedroom units with water views and abundant natural light. The property also includes a walk-out basement, off-street parking, and a fully fenced backyard. The maintained exterior and refreshed interiors provide a cohesive residential presentation across the building.
Located at 613 Durfee St. in Fall River, the property is positioned 0.3 miles from the Boston Commuter Rail. The basement provides additional functional space and is identified as offering future ADU potential.
Located at 613 Durfee St. in Fall River, the property is positioned 0.3 miles from the Boston Commuter Rail. The basement provides additional functional space and is identified as offering future ADU potential.
Key Highlights
- Triplex with three three‑bedroom units
- 3,789 square feet; built in 1900
- Updated interiors with water views and natural light
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
$67,713
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
8.47%
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%
$1,354,260
$1.4M
Cap Rate 7%
$967,329
$967.3K
Cap Rate 9%
$752,367
$752.4K
Market Conditions
NOI Build-Up for 3,789 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
$104.6K $27.60/SF
− Vacancy
−$7.8K −$2.07/SF
EGI
$96.7K $25.53/SF
− OpEx
−$29.0K −$7.66/SF
NOI
$67.7K $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 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%
$1,354,260
Cap Rate 7%
$967,329
Cap Rate 9%
$752,367
Alternative Uses
Best Use
Multifamily LT 5
$967.3K
$846.4K – $1.13M
NOI $67,713 @ 7.0% cap · market cap 8.47%
Second Best
Apartment 5plus
$899.0K
$786.6K – $1.05M
NOI $62,929 @ 7.0% cap · market cap 7.88%
Theoretical Best
Office A
$2.31M
$2.02M – $2.69M
NOI $161,521 @ 7.0% cap · market cap 20.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,706
Businesses Nearby
Explore this area
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
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 - The property includes updated three-bedroom units, off-street parking, and a fenced backyard.
Where is this triplex located?
The property is located at 613 Durfee St Fall River, MA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Triplex with three three‑bedroom units; 3,789 square feet; built in 1900; Updated interiors with water views and natural light
