Four-Unit Residential Income
731-735 Bay Street Fall River, MA 02724
731-735 Bay Street, Fall River, MA, 02724
$529,000
For Sale
$529,000
Income-producing four-unit property with three 1-bedroom units and one 2-bedroom unit, including vacant 2-bedroom space.
Property Size2,239 SF
Price / SF$236.27
Days on Market99
Property Features for 731-735 Bay Street
General Information
- Standard status
- Active
- Size
- 2,239 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing agency
Longwood Residential,LLC
Listed by
Derek Young
(617) 680-0690
Source
Inrealtyinc
Added: Apr 15 Updated: Jul 21 at 11:15PM Checked: Jul 21 at 11:15PM
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 Longwood Residential,LLC
Investment Insights
Based on property information with market context.
This for-sale four-unit residential income building includes three 1-bedroom units and one 2-bedroom unit, with the 2-bedroom currently vacant. The property is designed to provide a mix of unit types for occupancy, while off-street parking supports day-to-day tenant convenience.
Located at 731-735 Bay Street in Fall River, MA, the building is an in-place income opportunity for investors or an owner-occupant plan, with room for updates tied to the current vacancy.
The current configuration offers clear management of separate unit spaces across the three 1-bedroom homes and the 2-bedroom unit, supported by ample off-street parking.
Located at 731-735 Bay Street in Fall River, MA, the building is an in-place income opportunity for investors or an owner-occupant plan, with room for updates tied to the current vacancy.
The current configuration offers clear management of separate unit spaces across the three 1-bedroom homes and the 2-bedroom unit, supported by ample off-street parking.
Key Highlights
- Income‑producing 4‑unit property with an additional unit in the rear
- Unit mix: three 1‑bedroom units and one 2‑bedroom unit; the 2‑bed is currently vacant
- 2‑bedroom unit previously rented for $1,175/month
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 | $61.8k | $27.60 |
| − Vacancy | −$4.6k | −$2.07 |
| EGI | $57.2k | $25.53 |
| − OpEx | −$17.1k | −$7.66 |
| NOI | $40.0k | $17.87 |
2,239 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$571.6K
$500.2K – $666.9K
NOI $40,013 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$531.2K
$464.8K – $619.8K
NOI $37,186 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,446 @ 7.0% cap · market cap 18.04%
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 - Income-producing four-unit property with three 1-bedroom units and one 2-bedroom unit, including vacant 2-bedroom space.
Where is this quadplex located?
The property is located at 731-735 Bay Street Fall River, MA.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Income‑producing 4‑unit property with an additional unit in the rear; Unit mix: three 1‑bedroom units and one 2‑bedroom unit; the 2‑bed is currently vacant; 2‑bedroom unit previously rented for $1,175/month
