30-Unit Apartment
859 Pine, Fall River, MA 02720
For Sale
$5,880,000
Residents have shared laundry, keyless entry and off-street parking.
Property Size24,918 SF
Price / SF$235.97
Days on Market12
Property Features for 859 Pine
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
shared laundry room
off-street parking
keyless entry system
Full,Interior Entry
Yes
30
No
5
63
Public Record
Living Room,Kitchen
24918
Public
0.79
31
Paved Drive,Off Street
Paved
Granite
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
NAI Advisors
Listed By:
Robert Berle
Source:
Capelandingre
Added: Oct 30
Changed: Nov 9
Last Checked: Nov 9 at 8:52PM
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 NAI Advisors
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Investment Insights
Based on property information with market context.
This 24,918-square-foot apartment property in Fall River contains 30 occupied residential units. The unit mix comprises five three-bedroom apartments, 23 two-bedroom apartments and two one-bedroom apartments. The building dates to 1899 and is zoned M; its prior use was as a church.
Resident amenities include a shared laundry room, keyless entry and off-street parking beside the building. The property occupies a 0.79-acre site.
Resident amenities include a shared laundry room, keyless entry and off-street parking beside the building. The property occupies a 0.79-acre site.
Key Highlights
- 30 occupied apartments across a mix of five 3‑bedroom, 23 2‑bedroom and two 1‑bedroom units
- 24,918 square feet on 0.79 acres
- Shared laundry room and keyless entry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$413,844
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,276,880
$8.3M
Cap Rate 7%
$5,912,057
$5.9M
Cap Rate 9%
$4,598,267
$4.6M
Market Conditions
NOI Build-Up for 24,918 SF
Gross rent
$807.3K $32.40/SF
− Vacancy
−$54.9K −$2.20/SF
EGI
$752.4K $30.20/SF
− OpEx
−$338.6K −$13.59/SF
NOI
$413.8K $16.61/SF
Area
Bristol County, MA
Vacancy
6.80%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,276,880
Cap Rate 7%
$5,912,057
Cap Rate 9%
$4,598,267
Alternative Uses
Best Use
Apartment 5plus
$5.91M
$5.17M – $6.90M
NOI $413,844 @ 7.0% cap · market cap 7.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$15.17M
$13.28M – $17.70M
NOI $1,062,224 @ 7.0% cap · market cap 18.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
30
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,346
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
$361,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Fall River, MA
Properties on Market for Apartment buildings in Fall River
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Residents have shared laundry, keyless entry and off-street parking.
Where is this apartment building located?
The property is located at 859 Pine Fall River, MA.
What is the asking price?
The asking price for this property is $5,880,000.
What are key features of this property?
This property features: 30 occupied apartments across a mix of five 3‑bedroom, 23 2‑bedroom and two 1‑bedroom units; 24,918 square feet on 0.79 acres; Shared laundry room and keyless entry
