4-Unit Multifamily
64 Tremont St, Fall River, MA 02720
For Sale
$699,899
Residential Income, Fall River, MA
Property Size2,785 SF
Lot Size0.08 Acres
Price / SF$251.31
Days on Market48
Property Features for 64 Tremont St
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Amenities
central air
central heat
split systems
Building Details
Year built
Number of units
Buildings
Listing Agency:
RE/MAX Synergy · RE/MAX International
Listed By:
Luis B Martins
(508) 857-5392
Added: Sep 29
Changed: Nov 6
Last Checked: Nov 15 at 3:06AM
MLS# 73583868
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 2,785-square-foot quadplex contains 12 bedrooms across four apartments. The first floor has two two-bedroom units; above them are two townhouse-style apartments, each with four bedrooms and one bathroom. Three units were renovated in 2020, including kitchen and bathroom updates, new carpet, and central air and heat with split systems. Vinyl siding covers the exterior, and two water heaters were replaced within the last 3 years. Plumbing upgrades and new electrical service were completed in 2025. The two four-bedroom apartments are to be delivered vacant.
The property is less than a mile from a bus station and less than 2 miles from the new Fall River train station. It sits on a 0.0842-acre lot and is zoned M.
The property is less than a mile from a bus station and less than 2 miles from the new Fall River train station. It sits on a 0.0842-acre lot and is zoned M.
Key Highlights
- Four apartments with 12 total bedrooms in 2,785 square feet
- First floor has two two‑bedroom units; second floor has two townhouse‑style four‑bedroom, one‑bath units
- Three units renovated in 2020 with kitchen and bathroom updates, new carpet, and central air and heat with split systems
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.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,647
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 Quadplexes in Bristol County, MA
Properties on Market for Quadplexes in Bristol County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Three apartments were renovated in 2020, and the two four-bedroom apartments are scheduled for vacant delivery.
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 $699,899.
What are key features of this property?
This property features: Four apartments with 12 total bedrooms in 2,785 square feet; First floor has two two‑bedroom units; second floor has two townhouse‑style four‑bedroom, one‑bath units; Three units renovated in 2020 with kitchen and bathroom updates, new carpet, and central air and heat with split systems
