4-Unit Multifamily
New
For Sale
$699,900
64 Tremont St, Fall River, MA 02720
Residential Income, Fall River, MA
Property Size2,785 SF
Lot Size0.08 Acres
Price / SF$251.31
Days on Market2
Property Features for 64 Tremont St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
M
Bedrooms
12
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 5, Bathroom 4, Bedroom 8, Bathroom 1, Bedroom 11, Bedroom 7, Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 10, Bathroom 3, Bathroom 2, Bedroom 6, Bedroom 12, Bedroom 9
Directions
WAZE,GPS,MAPS
Standard status
Active
APN
M:000M B:0013 L:0059,2832271
Size
2,785 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7153
Building Details
Year built
1900
Number of units
4
Listing Agency:
RE/MAX Synergy · RE/MAX International
(508) 857-5392
Listed By:
Luis B Martins
(774) 360-1997
Added: Sep 29
Changed: Sep 30
Last Checked: Sep 30 at 7:06PM
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.
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 = 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
$49,771
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
7.11%
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%
$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
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
$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 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%
$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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Open Analytics
Current Use
Lease Details
4
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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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 $699,900.
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
