Updated Three-Unit
For Sale
$760,000
70 Jencks St, Fall River, MA 02723
Three residential units feature refreshed interiors, new heating equipment, and a tall basement with possible additional-use capacity.
Property Size3,807 SF
Price / SF$199.63
Days on Market112
Property Features for 70 Jencks St
General Information
Standard status
Active
Size
3,807 SF
Property subtype
Multi-Family
Net Operating Income
$72,000
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,196
Building Details
Building Size
3,807 SF
Year Built
1900
Stories
3
Listing Agency:
Atlantic Properties
(978) 578-5013
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: May 12
Changed: Aug 30
Last Checked: Aug 30 at 1:44PM
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 Atlantic Properties
Investment Insights
Based on property information with market context.
This three-unit residential property contains 3,807 square feet and was built in 1900. Interior improvements include polished hardwood flooring, replacement kitchen cabinets, refreshed bathrooms, and a new heating system. Each apartment is arranged with approximately six rooms, providing consistent layouts across the building.
A tall basement adds substantial lower-level space and may support additional living area or future expansion, subject to buyer due diligence. The property is located at 70 Jencks St in Fall River, Massachusetts, with a 02723 ZIP code. The source information identifies the building as a triplex and notes current four-bedroom use in each unit; bedroom totals are not stated consistently and are therefore not summarized here.
A tall basement adds substantial lower-level space and may support additional living area or future expansion, subject to buyer due diligence. The property is located at 70 Jencks St in Fall River, Massachusetts, with a 02723 ZIP code. The source information identifies the building as a triplex and notes current four-bedroom use in each unit; bedroom totals are not stated consistently and are therefore not summarized here.
Key Highlights
- Three‑unit triplex at 70 Jencks St, Fall River, MA 02723
- 3,807 SF property built in 1900
- Each unit offers approximately 6 rooms
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
$68,035
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
8.95%
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%
$1,360,700
$1.4M
Cap Rate 7%
$971,929
$971.9K
Cap Rate 9%
$755,944
$755.9K
Market Conditions
NOI Build-Up for 3,807 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
$105.1K $27.60/SF
− Vacancy
−$7.9K −$2.07/SF
EGI
$97.2K $25.53/SF
− OpEx
−$29.2K −$7.66/SF
NOI
$68.0K $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%
$1,360,700
Cap Rate 7%
$971,929
Cap Rate 9%
$755,944
Alternative Uses
Best Use
Multifamily LT 5
$971.9K
$850.4K – $1.13M
NOI $68,035 @ 7.0% cap · market cap 8.95%
Second Best
Apartment 5plus
$903.3K
$790.4K – $1.05M
NOI $63,228 @ 7.0% cap · market cap 8.32%
Theoretical Best
Office A
$2.32M
$2.03M – $2.70M
NOI $162,288 @ 7.0% cap · market cap 21.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,107
Businesses Nearby
Explore this area
Business Placement
Demographics for 02723, MA
16,084
Population
7,976
Households
2
Avg Household Size
38
Median Age
13%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
10,053
Density / Sq Mi
$41,789
Median Household Income
$40,140
Median Earnings
$1,058
Median Rent
$312,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units feature refreshed interiors, new heating equipment, and a tall basement with possible additional-use capacity.
Where is this triplex located?
The property is located at 70 Jencks St Fall River, MA.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: Three‑unit triplex at 70 Jencks St, Fall River, MA 02723; 3,807 SF property built in 1900; Each unit offers approximately 6 rooms
