Triplex with First-Floor
For Sale
$585,000
844 Hood Street, Fall River, MA 02720
A first-floor primary bedroom, oversized deck, backyard, upper garage unit, and solar panels add functional variety.
Property Size1,848 SF
Price / SF$316.56
Days on Market14
Property Features for 844 Hood Street
General Information
Standard status
Active
Size
1,848 SF
Property subtype
Multi-family
Lease Term
[]
Amenities
oversized deck
spacious backyard
solar panels
Building Details
Year Built
1960
Listing Agency:
Freedom Realty Group LLC
Listed By:
Gary Gagne Jr.
(617) 262-6200
Source:
Cabotandcompany
Added: Jul 30
Changed: Aug 10
Last Checked: Aug 11 at 10:12AM
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 Freedom Realty Group LLC
Investment Insights
Based on property information with market context.
Built in 1960, this 1,848-square-foot triplex combines a primary residence with two additional units. The main home includes a first-floor primary bedroom with a sliding door opening onto an oversized deck, along with access to a spacious backyard. Two units are positioned on the first floor, while the third is located above the garage.
The property is at 844 Hood Street in Fall River’s Highlands. Both main-house units are scheduled to be vacant at closing, and the upper unit may also be delivered vacant, subject to the stated terms. Solar panels are installed on the property, adding an existing energy-related feature to the three-unit configuration.
The property is at 844 Hood Street in Fall River’s Highlands. Both main-house units are scheduled to be vacant at closing, and the upper unit may also be delivered vacant, subject to the stated terms. Solar panels are installed on the property, adding an existing energy-related feature to the three-unit configuration.
Key Highlights
- 1,848‑SF triplex built in 1960
- Two first‑floor units in the main house
- Third unit positioned above the garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,026
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$660,520
$660.5K
Cap Rate 7%
$471,800
$471.8K
Cap Rate 9%
$366,956
$367.0K
Market Conditions
NOI Build-Up for 1,848 SF
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.
Gross rent
$51.0K $27.60/SF
− Vacancy
−$3.8K −$2.07/SF
EGI
$47.2K $25.53/SF
− OpEx
−$14.2K −$7.66/SF
NOI
$33.0K $17.87/SF
Area
Bristol County, MA
Vacancy
7.50%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$660,520
Cap Rate 7%
$471,800
Cap Rate 9%
$366,956
Alternative Uses
Best Use
Multifamily LT 5
$471.8K
$412.8K – $550.4K
NOI $33,026 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$438.5K
$383.7K – $511.5K
NOI $30,692 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$1.13M
$984.7K – $1.31M
NOI $78,778 @ 7.0% cap · market cap 13.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,432
Businesses Nearby
Explore this area
Business Placement
Demographics for 02720, MA
31,209
Population
14,940
Households
2.1
Avg Household Size
41
Median Age
21%
College-Educated
81%
High-School Grad
13.2 sq mi
ZIP Area
2,364
Density / Sq Mi
$62,907
Median Household Income
$45,199
Median Earnings
$1,177
Median Rent
$361,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - A first-floor primary bedroom, oversized deck, backyard, upper garage unit, and solar panels add functional variety.
Where is this triplex located?
The property is located at 844 Hood Street Fall River, MA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 1,848‑SF triplex built in 1960; Two first‑floor units in the main house; Third unit positioned above the garage
