Four-Family Residential Income
72 Tower Street Fall River, MA 02724
New
72 Tower Street, Fall River, MA, 02724
$749,900
For Sale
$749,900
Well-maintained 4-unit property with turn-key units, ample off-street parking, and a detached garage with workshop space.
Property Size3,050 SF
Price / SF$245.87
Days on Market3
Property Features for 72 Tower Street
General Information
- Standard status
- Active
- Size
- 3,050 SF
- Property subtype
- Multi-family / 4 Family - 4 Units Up/Down
Building Details
- Year Built
- 1900
Listing agency
Milestone Realty, Inc.
(508) 989-6371
Listed by
Brian Balestracci · License #9559665
(508) 989-6371
Source
Compass
Added: Jul 19 Updated: Jul 21 at 5:34AM Checked: Jul 21 at 5:34AM
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 Milestone Realty, Inc.
Investment Insights
Based on property information with market context.
This well-maintained four-family residential property offers turn-key units with separate living areas. The layout is designed for comfortable day-to-day living, and the detached garage includes an expansive workshop for contractor use, hobbies, storage, or other flexible needs. Outside, the property features a spacious, private, fully fenced backyard.
The home has been owner-occupied for the last 25 years, with consistent upkeep reflected throughout the property. It is conveniently located near shopping, restaurants, schools, public transportation, and major highways, supporting accessibility for tenants and residents.
With all four units in place and supporting a versatile overall configuration, this property presents a straightforward setup for investors seeking a maintained income asset or for an owner-occupant looking to live in one unit while operating the others.
The home has been owner-occupied for the last 25 years, with consistent upkeep reflected throughout the property. It is conveniently located near shopping, restaurants, schools, public transportation, and major highways, supporting accessibility for tenants and residents.
With all four units in place and supporting a versatile overall configuration, this property presents a straightforward setup for investors seeking a maintained income asset or for an owner-occupant looking to live in one unit while operating the others.
Key Highlights
- 4‑family property built in 1900 with 4 total baths
- Unit interior features include tile, carpet, laminate, and hardwood flooring
- Full unfinished basement with interior access and dirt floor
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 | $84.2k | $27.60 |
| − Vacancy | −$6.3k | −$2.07 |
| EGI | $77.9k | $25.53 |
| − OpEx | −$23.4k | −$7.66 |
| NOI | $54.5k | $17.87 |
3,050 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$778.7K
$681.3K – $908.5K
NOI $54,507 @ 7.0% cap · market cap 7.27%
Second Best
Apartment 5plus
$723.6K
$633.2K – $844.3K
NOI $50,655 @ 7.0% cap · market cap 6.75%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,018 @ 7.0% cap · market cap 17.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained 4-unit property with turn-key units, ample off-street parking, and a detached garage with workshop space.
Where is this quadplex located?
The property is located at 72 Tower Street Fall River, MA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 4‑family property built in 1900 with 4 total baths; Unit interior features include tile, carpet, laminate, and hardwood flooring; Full unfinished basement with interior access and dirt floor
