Six-Unit Apartment
771 Globe St Fall River, MA 02724
771 Globe St, Fall River, MA, 02724
$899,000
For Sale
$899,000
Six two-bedroom units in a six-family building with separately metered utilities and rebuilt porches.
Property Size4,932 SF
Price / SF$182.28
Days on Market104
Property Features for 771 Globe St
General Information
- Standard status
- Active
- Size
- 4,932 SF
- Property subtype
- 5-9 Family
Building Details
- Year Built
- 1900
Listing agency
Streamline Realty Group, LLC
(508) 989-4766
Listed by
Craig Howard · License #9535249
(508) 989-4766
Source
Lockandkeyre
Added: Apr 10 Updated: Jul 21 at 9:07PM Checked: Jul 22 at 5:08AM
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 for-sale six-family investment property features six two-bedroom units. The building is supported by separated, metered utilities, and includes fully rebuilt porches. The site also has a nicely sized yard.
Located at 771 Globe St in Fall River, Massachusetts, the property is positioned near tenant conveniences described in the remarks.
Current rents are noted as being below market levels, presenting room for an incoming owner to pursue targeted improvements and modernization.
Located at 771 Globe St in Fall River, Massachusetts, the property is positioned near tenant conveniences described in the remarks.
Current rents are noted as being below market levels, presenting room for an incoming owner to pursue targeted improvements and modernization.
Key Highlights
- 6‑family building with six 2‑bedroom units
- Separately metered utilities for each unit
- 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 9.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.00M
$2.63M – $3.50M
NOI $210,245 @ 7.0% cap · market cap 23.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Six two-bedroom units in a six-family building with separately metered utilities and rebuilt porches.
Where is this apartment building located?
The property is located at 771 Globe St Fall River, MA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 6‑family building with six 2‑bedroom units; Separately metered utilities for each unit; Fully rebuilt porches
