4-Unit Multifamily
New
For Sale
$699,900
64 Tremont St, Fall River, MA 02720
The property combines two-bedroom units with larger townhouse-style apartments, for 12 bedrooms in all.
Property Size2,785 SF
Price / SF$251.31
Days on Market7
Property Features for 64 Tremont St
General Information
Standard status
Active
Size
2,785 SF
Property subtype
4 Family
Building Details
Year Built
1900
Listing Agency:
RE/MAX Synergy
(508) 857-5392
Listed By:
Legacy Direct Realty Team
Source:
Lockandkeyre
Added: Sep 29
Changed: Oct 4
Last Checked: Oct 5 at 7:17PM
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
Investment Insights
Based on property information with market context.
This 1900-built multifamily property contains four apartments and 12 bedrooms. Two two-bedroom units occupy the first floor; the second floor has two townhouse-style apartments, each with four bedrooms and one bathroom. Three units received renovations in 2020, including kitchen and bathroom work, new carpet, central heating and air conditioning, and split systems. Plumbing upgrades and new electrical service were completed in 2025. Two hot water heaters were replaced within the last 3 years. Both four-bedroom apartments are set to be vacant at delivery.
The property is less than a mile from a bus station and under 2 miles from the New Fall River Train station. Its unit mix includes two-bedroom apartments as well as four-bedroom townhouse-style layouts.
The property is less than a mile from a bus station and under 2 miles from the New Fall River Train station. Its unit mix includes two-bedroom apartments as well as four-bedroom townhouse-style layouts.
Key Highlights
- Four apartments with 12 bedrooms total
- Two first‑floor apartments, each with 2 bedrooms
- Two second‑floor townhouse‑style apartments, each with 4 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,771
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$995,420
$995.4K
Cap Rate 7%
$711,014
$711.0K
Cap Rate 9%
$553,011
$553.0K
Market Conditions
NOI Build-Up for 2,785 SF
Gross rent
$76.9K $27.60/SF
− Vacancy
−$5.8K −$2.07/SF
EGI
$71.1K $25.53/SF
− OpEx
−$21.3K −$7.66/SF
NOI
$49.8K $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%
$995,420
Cap Rate 7%
$711,014
Cap Rate 9%
$553,011
Alternative Uses
Best Use
Multifamily LT 5
$711.0K
$622.1K – $829.5K
NOI $49,771 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$660.8K
$578.2K – $770.9K
NOI $46,254 @ 7.0% cap · market cap 6.61%
Theoretical Best
Office A
$1.70M
$1.48M – $1.98M
NOI $118,721 @ 7.0% cap · market cap 16.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,647
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - The property combines two-bedroom units with larger townhouse-style apartments, for 12 bedrooms in all.
Where is this quadplex located?
The property is located at 64 Tremont St Fall River, MA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Four apartments with 12 bedrooms total; Two first‑floor apartments, each with 2 bedrooms; Two second‑floor townhouse‑style apartments, each with 4 bedrooms and 1 bathroom
