3-Unit Multifamily
67 Garfield Street, Fall River, MA 02721
For Sale
New
$689,900
Two apartments will be vacant at delivery, and the property includes driveway and carport parking.
Property Size3,783 SF
Price / SF$182.37
Days on Market6
Property Features for 67 Garfield Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
fenced-in backyard
Building Details
Year Built
Buildings
Listing Agency:
Keller Williams South Watuppa
Listed By:
The Ponte Group
(508) 642-4802
Source:
Residentialproperties
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 6:52AM
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 Keller Williams South Watuppa
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Investment Insights
Based on property information with market context.
Built in 1900, this three-unit property contains 3,783 square feet. Each apartment has three bedrooms, a living room, and a separate dining room. Two units are scheduled to be vacant at delivery.
The property also includes a driveway, carport, and fenced backyard.
The property also includes a driveway, carport, and fenced backyard.
Key Highlights
- Three units, each with three bedrooms
- Two units delivered vacant
- 3,783 square feet; built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,829
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,256,580
$1.3M
Cap Rate 7%
$897,557
$897.6K
Cap Rate 9%
$698,100
$698.1K
Market Conditions
NOI Build-Up for 3,783 SF
Gross rent
$122.6K $32.40/SF
− Vacancy
−$8.3K −$2.20/SF
EGI
$114.2K $30.20/SF
− OpEx
−$51.4K −$13.59/SF
NOI
$62.8K $16.61/SF
Area
Bristol County, MA
Vacancy
6.80%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,256,580
Cap Rate 7%
$897,557
Cap Rate 9%
$698,100
Alternative Uses
Best Use
Multifamily LT 5
$965.8K
$845.1K – $1.13M
NOI $67,606 @ 7.0% cap · market cap 9.80%
Second Best
Apartment 5plus
$897.6K
$785.4K – $1.05M
NOI $62,829 @ 7.0% cap · market cap 9.11%
Theoretical Best
Office A
$2.30M
$2.02M – $2.69M
NOI $161,265 @ 7.0% cap · market cap 23.38%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
782
Businesses Nearby
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Business Placement
Demographics for 02721, MA
28,075
Population
12,358
Households
2.3
Avg Household Size
38
Median Age
15%
College-Educated
73%
High-School Grad
4.0 sq mi
ZIP Area
7,019
Density / Sq Mi
$50,666
Median Household Income
$40,315
Median Earnings
$1,010
Median Rent
$362,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Fall River, MA
Properties on Market for Triplexes in Fall River
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Two apartments will be vacant at delivery, and the property includes driveway and carport parking.
Where is this triplex located?
The property is located at 67 Garfield Street Fall River, MA.
What is the asking price?
The asking price for this property is $689,900.
What are key features of this property?
This property features: Three units, each with three bedrooms; Two units delivered vacant; 3,783 square feet; built in 1900
