Three-Unit Residential Income
640 South Main Street Fall River, MA 02721
640 South Main Street, Fall River, MA, 02721
$759,900
Pending
For Sale
$759,900
Pending
Well-maintained three-family home offering three updated units, separate utilities, and four off-street parking spaces.
Property Size3,595 SF
Days on Market190
Property Features for 640 South Main Street
General Information
- Standard status
- Pending
- Size
- 3,595 SF
- Property subtype
- Multi-family / 3 Family
Building Details
- Year Built
- 1900
Listing agency
RE/MAX Impact
(508) 717-3070
Listed by
William Kuphal · License #9570629
(508) 717-3070
Source
Compass
Added: Jan 13 Updated: Jul 22 at 12:10AM Checked: Jul 22 at 11:24AM
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 Impact
Investment Insights
Based on property information with market context.
This well-maintained three-family home features three spacious, recently updated units. The first-floor unit will be delivered vacant, providing flexibility for an owner-occupant or investor. Separate utilities support independent living, and there are three washer/dryer hookups in the basement. The third-floor unit includes brand new mini-split heating and cooling.
The property also offers private backyard areas and generous layouts throughout. Four off-street parking spaces add convenience for residents and guests.
With separate utility setups and in-unit comfort upgrades, the building is designed for practical day-to-day operation across all three units.
The property also offers private backyard areas and generous layouts throughout. Four off-street parking spaces add convenience for residents and guests.
With separate utility setups and in-unit comfort upgrades, the building is designed for practical day-to-day operation across all three units.
Key Highlights
- Three‑family home in Fall River with 3 full bathrooms total
- Three recently updated, spacious units; first‑floor unit to be delivered vacant
- Separate utilities for the units
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $99.2k | $27.60 |
| − Vacancy | −$7.4k | −$2.07 |
| EGI | $91.8k | $25.53 |
| − OpEx | −$27.5k | −$7.66 |
| NOI | $64.2k | $17.87 |
3,595 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$917.8K
$803.1K – $1.07M
NOI $64,246 @ 7.0% cap · market cap 8.45%
Second Best
Apartment 5plus
$853.0K
$746.3K – $995.1K
NOI $59,707 @ 7.0% cap · market cap 7.86%
Theoretical Best
Office A
$2.19M
$1.92M – $2.55M
NOI $153,251 @ 7.0% cap · market cap 20.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-maintained three-family home offering three updated units, separate utilities, and four off-street parking spaces.
Where is this triplex located?
The property is located at 640 South Main Street Fall River, MA.
What is the asking price?
The asking price for this property is $759,900.
What are key features of this property?
This property features: Three‑family home in Fall River with 3 full bathrooms total; Three recently updated, spacious units; first‑floor unit to be delivered vacant; Separate utilities for the units
