4-Unit Residential Income
731 Bay St Fall River, MA 02724
731 Bay St, Fall River, MA, 02724
$529,000
For Sale
$529,000
Income-producing property with three 1-bedroom units and one 2-bedroom unit currently vacant, plus ample off-street parking.
Property Size2,239 SF
Price / SF$236.27
Days on Market100
Property Features for 731 Bay St
General Information
- Standard status
- Active
- Size
- 2,239 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1910
Listing agency
Longwood Residential, LLC
(857) 249-5131
Listed by
Derek Young
Source
Arborviewrealtyinc
Added: Apr 13 Updated: Jul 20 at 4:44PM Checked: Jul 20 at 4:44PM
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 Longwood Residential, LLC
Investment Insights
Based on property information with market context.
This income-producing residential property features four units, with an additional unit located in the rear. The unit mix includes three 1-bedroom units and one 2-bedroom unit that is currently vacant; the 2-bedroom unit was previously rented for $1,175 per month, presenting an immediate opportunity for updates and renewed occupancy.
The property provides ample off-street parking, which can be a practical benefit for tenant use.
With a long-term tenant base in place and existing unit configuration designed for rental income, the building offers a straightforward setup for investors or owner-occupants seeking a multi-family with an active unit ready for re-leasing.
The property provides ample off-street parking, which can be a practical benefit for tenant use.
With a long-term tenant base in place and existing unit configuration designed for rental income, the building offers a straightforward setup for investors or owner-occupants seeking a multi-family with an active unit ready for re-leasing.
Key Highlights
- Income‑producing 4‑unit property with three 1‑bedroom units and one 2‑bedroom unit
- 2‑bedroom unit is currently vacant; previously rented for $1,175/month
- Long‑term tenant base in place
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 property with three 1-bedroom units and one 2-bedroom unit currently vacant, plus ample off-street parking.
Where is this quadplex located?
The property is located at 731 Bay St 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 three 1‑bedroom units and one 2‑bedroom unit; 2‑bedroom unit is currently vacant; previously rented for $1,175/month; Long‑term tenant base in place
