Multifamily Property with Leased Commercial
801 N Main Street Fall River, MA 02720
801 N Main Street, Fall River, MA, 02720
$1,200,000
For Sale
$1,200,000
Eight updated residential units plus additional leased commercial space, with separate utilities and central heat for each apartment.
Property Size6,414 SF
Lot Size0.16 Acres
Price / SF$187.09
Days on Market92
Property Features for 801 N Main Street
General Information
- Standard status
- Active
- Size
- 6,414 SF
- Lot size
- 0.16 Acres
- Property subtype
- Multi-family
Building Details
- Year Built
- 1882
Listing agency
BOND BROKERAGE
Listed by
Donald Martone
(617) 731-4644
Source
Hammondre
Added: Apr 21 Updated: Jul 21 at 5:20PM Checked: Jul 21 at 5:20PM
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 BOND BROKERAGE
Investment Insights
Based on property information with market context.
799-809 North Main Street (801 N Main Street) is a stabilized multifamily offering consisting of two buildings on one 7,114 SF lot, with views of the Taunton River. The property includes 8 total residential apartments and an additional 1,319 SF of leased commercial space.
The front building contains four 1 bed, 1 bath apartments, and the rear building contains four 2 bed, 1 bath apartments. A common area basement includes washer/dryer hookups. Both buildings have been updated with newer vinyl siding and roofs.
All apartments have separate utilities and central heat, including two units with central air. Tenants pay their own utilities, and the property is professionally managed with consistent rent collection.
The front building contains four 1 bed, 1 bath apartments, and the rear building contains four 2 bed, 1 bath apartments. A common area basement includes washer/dryer hookups. Both buildings have been updated with newer vinyl siding and roofs.
All apartments have separate utilities and central heat, including two units with central air. Tenants pay their own utilities, and the property is professionally managed with consistent rent collection.
Key Highlights
- Updated two‑building 8‑unit multi‑family at 799‑809 North Main Street (Year built 1882)
- Includes additional 1,319 SF leased commercial space for added in‑place income
- Current annual income of $121,236 with total potential income over $141,000 (pro forma gross ~$134,400 plus $6,600/year commercial income)
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 | $207.8k | $32.40 |
| − Vacancy | −$14.1k | −$2.20 |
| EGI | $193.7k | $30.20 |
| − OpEx | −$87.2k | −$13.59 |
| NOI | $106.5k | $16.61 |
6,414 SF · lease $32.40/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.52M
$1.33M – $1.78M
NOI $106,525 @ 7.0% cap · market cap 8.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.91M
$3.42M – $4.56M
NOI $273,421 @ 7.0% cap · market cap 22.79%
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 - Eight updated residential units plus additional leased commercial space, with separate utilities and central heat for each apartment.
Where is this apartment building located?
The property is located at 801 N Main Street Fall River, MA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Updated two‑building 8‑unit multi‑family at 799‑809 North Main Street (Year built 1882); Includes additional 1,319 SF leased commercial space for added in‑place income; Current annual income of $121,236 with total potential income over $141,000 (pro forma gross ~$134,400 plus $6,600/year commercial income)
