Updated Three-Unit Multifamily
For Sale
$625,000
89 Rockland St, Fall River, MA 02724
All three apartments are occupied under tenancy-at-will arrangements, with recent work addressing exterior, heating, and insulation components.
Property Size2,871 SF
Price / SF$217.69
Days on Market63
Property Features for 89 Rockland St
General Information
Standard status
Active
Size
2,871 SF
Property subtype
3 Family
Occupancy
100%
Additional Details
Multifamily Units
3
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,601
Building Details
Building Size
2,871 SF
Year Built
1900
Tenancy
Multi
Listing Agency:
Keller Williams South Watuppa
Listed By:
Fatima Pires
(774) 627-0088
Source:
Cotepartnersrealty
Added: Aug 29
Changed: Oct 26
Last Checked: Oct 26 at 4:10PM
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 Keller Williams South Watuppa
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Investment Insights
Based on property information with market context.
This three-unit multifamily property in Fall River contains 2,871 square feet and dates to 1900. All apartments are occupied by tenants at will. Work completed includes a roof replacement and exterior painting in 2023, new soffit, fascia, and gutters in October 2024, a water heater serving the third unit in June 2024, and an updated space heater in November 2024. Blown-in insulation was added throughout the house in July 2025.
Key Highlights
- Three apartments, all occupied by tenants at will
- 2,871 square feet; built in 1900
- Roof replaced and exterior painted in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,308
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,026,160
$1.0M
Cap Rate 7%
$732,971
$733.0K
Cap Rate 9%
$570,089
$570.1K
Market Conditions
NOI Build-Up for 2,871 SF
Gross rent
$79.2K $27.60/SF
− Vacancy
−$5.9K −$2.07/SF
EGI
$73.3K $25.53/SF
− OpEx
−$22.0K −$7.66/SF
NOI
$51.3K $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 Rate 5%
$1,026,160
Cap Rate 7%
$732,971
Cap Rate 9%
$570,089
Alternative Uses
Best Use
Multifamily LT 5
$733.0K
$641.4K – $855.1K
NOI $51,308 @ 7.0% cap · market cap 8.21%
Second Best
Apartment 5plus
$681.2K
$596.0K – $794.7K
NOI $47,682 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,387 @ 7.0% cap · market cap 19.58%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,503
Businesses Nearby
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Business Placement
Demographics for 02724, MA
18,050
Population
8,808
Households
2
Avg Household Size
38
Median Age
15%
College-Educated
76%
High-School Grad
1.8 sq mi
ZIP Area
10,028
Density / Sq Mi
$49,809
Median Household Income
$42,334
Median Earnings
$1,105
Median Rent
$368,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - All three apartments are occupied under tenancy-at-will arrangements, with recent work addressing exterior, heating, and insulation components.
Where is this triplex located?
The property is located at 89 Rockland St Fall River, MA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Three apartments, all occupied by tenants at will; 2,871 square feet; built in 1900; Roof replaced and exterior painted in 2023
