Three-Unit Residence with
67 Garfield St, Fall River, MA 02721
For Sale
New
$689,900
Residential Income, Fall River, MA
Property Size3,783 SF
Lot Size0.09 Acres
Price / SF$182.37
Days on Market3
Property Features for 67 Garfield St
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Amenities
fenced-in backyard
Building Details
Year built
Floors in Building
Number of units
Buildings
Listing Agency:
Keller Williams South Watuppa · Keller Williams Realty
Listed By:
Clifford Ponte · License #9554597
(508) 677-3233
Added: Nov 4
Changed: Nov 5
Last Checked: Nov 6 at 10:06PM
MLS# 73598840
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 3,783-square-foot triplex contains three-bedroom apartments, each arranged with a living room and a separate dining room. Two of the units are expected to be vacant at transfer. The property also includes a driveway, carport, and fenced backyard.
Built in 1900, the residence sits on a 0.093-acre lot and is zoned R-4. It is located at 67 Garfield St in Fall River, Massachusetts.
Built in 1900, the residence sits on a 0.093-acre lot and is zoned R-4. It is located at 67 Garfield St in Fall River, Massachusetts.
Key Highlights
- Three apartments, each with three bedrooms
- Two units to be delivered vacant
- 3,783‑square‑foot building on a 0.093‑acre lot
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
$362,800
Median Home Value
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Market
Average Price Trend$/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 transfer, while all three feature separate living and dining rooms.
Where is this triplex located?
The property is located at 67 Garfield St 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 apartments, each with three bedrooms; Two units to be delivered vacant; 3,783‑square‑foot building on a 0.093‑acre lot
