Well-Maintained 3-Family
646 Birch Street Fall River, MA 02724
646 Birch Street, Fall River, MA, 02724
$629,999
For Sale
$629,999
Three residential units each offer 3 bedrooms, with updates including plumbing, electric, siding, and a roof under 10 years.
Property Size2,619 SF
Price / SF$240.55
Days on Market8
Property Features for 646 Birch Street
General Information
- Standard status
- Active
- Size
- 2,619 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
RE/MAX Vantage
Listed by
Josiah Cordero
(978) 658-2345
Source
Wilsonwolfe
Added: Jul 14 Updated: Jul 20 at 2:36AM Checked: Jul 21 at 8:45AM
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 Vantage
Investment Insights
Based on property information with market context.
This well-maintained 3-family residence offers three units, each with 3 bedrooms. The second and first-floor units are delivered vacant, providing flexibility for an owner-occupant or an investor. Recent improvements include new plumbing, new electric, vinyl siding, and a roof completed less than 10 years ago. All three hot water tanks have been replaced within the last five years or less.
The property is set off the main road and includes a backyard and a full basement. The basement features laundry hook-ups and provides additional storage space. Separate utilities for gas and electric are already in place.
The home is located for everyday convenience near parks, schools, and major routes, supporting an easy daily commute.
The property is set off the main road and includes a backyard and a full basement. The basement features laundry hook-ups and provides additional storage space. Separate utilities for gas and electric are already in place.
The home is located for everyday convenience near parks, schools, and major routes, supporting an easy daily commute.
Key Highlights
- Well‑maintained 3‑family built in 1900 with each unit offering 3 bedrooms.
- Second and 1st floor units delivered vacant for buyers, supporting owner‑occupant or investor use.
- Recent updates include new plumbing, electric, vinyl siding, and a roof all less than 10 years old.
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 | $72.3k | $27.60 |
| − Vacancy | −$5.4k | −$2.07 |
| EGI | $66.9k | $25.53 |
| − OpEx | −$20.1k | −$7.66 |
| NOI | $46.8k | $17.87 |
2,619 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$668.6K
$585.1K – $780.1K
NOI $46,804 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$621.4K
$543.7K – $725.0K
NOI $43,497 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$1.59M
$1.40M – $1.86M
NOI $111,645 @ 7.0% cap · market cap 17.72%
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 - Three residential units each offer 3 bedrooms, with updates including plumbing, electric, siding, and a roof under 10 years.
Where is this triplex located?
The property is located at 646 Birch Street Fall River, MA.
What is the asking price?
The asking price for this property is $629,999.
What are key features of this property?
This property features: Well‑maintained 3‑family built in 1900 with each unit offering 3 bedrooms.; Second and 1st floor units delivered vacant for buyers, supporting owner‑occupant or investor use.; Recent updates include new plumbing, electric, vinyl siding, and a roof all less than 10 years old.
