Six-Unit Residential Income
771 Globe Street Fall River, MA 02724
771 Globe Street, Fall River, MA, 02724
$900,000
For Sale
$900,000
Six two-bedroom units with separated metered utilities, rebuilt porches, and a sizable yard on a large lot.
Property Size4,932 SF
Price / SF$182.48
Days on Market103
Property Features for 771 Globe Street
General Information
- Standard status
- Active
- Size
- 4,932 SF
- Property subtype
- Multi-family / 5-9 Family
Building Details
- Year Built
- 1900
Listing agency
Streamline Realty Group, LLC
(774) 322-9200
Listed by
Craig Howard · License #9535249
(774) 322-9200
Source
Compass
Added: Apr 10 Updated: Jul 20 at 7:14PM Checked: Jul 21 at 5:58AM
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 Streamline Realty Group, LLC
Investment Insights
Based on property information with market context.
This six-family residential income property features six two-bedroom units. The building includes separated metered utilities, supporting independent resident utility responsibility. Exterior improvements include fully rebuilt porches, and the property also offers a nicely sized yard, set on a sizeable lot.
The property is located at 771 Globe Street in Fall River, MA 02724. The current offering notes that rents are below market levels, creating a renovation and modernization opportunity for an investor, subject to confirming current financials and local comparables.
The property is located at 771 Globe Street in Fall River, MA 02724. The current offering notes that rents are below market levels, creating a renovation and modernization opportunity for an investor, subject to confirming current financials and local comparables.
Key Highlights
- 6‑family property with six 2‑bedroom units
- All separated metered utilities
- Fully rebuilt porches
Local Financial Insights For Apartment 5plus
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 | $159.8k | $32.40 |
| − Vacancy | −$10.9k | −$2.20 |
| EGI | $148.9k | $30.20 |
| − OpEx | −$67.0k | −$13.59 |
| NOI | $81.9k | $16.61 |
4,932 SF · lease $32.40/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.17M
$1.02M – $1.37M
NOI $81,912 @ 7.0% cap · market cap 9.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.00M
$2.63M – $3.50M
NOI $210,245 @ 7.0% cap · market cap 23.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six two-bedroom units with separated metered utilities, rebuilt porches, and a sizable yard on a large lot.
Where is this apartment building located?
The property is located at 771 Globe Street Fall River, MA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 6‑family property with six 2‑bedroom units; All separated metered utilities; Fully rebuilt porches
