Triplex With Two Vacant
For Sale
$589,000
95 Flint St, Fall River, MA 02723
Two refreshed apartments offer immediate flexibility for occupancy, leasing, or multigenerational use.
Property Size2,490 SF
Price / SF$236.55
Days on Market9
Property Features for 95 Flint St
General Information
Standard status
Active
Size
2,490 SF
Property subtype
3 Family - 3 Units Up/Down
Units
Unit Mix
3 x 2BR
Multifamily Units
3
Additional Details
Highway Access
Yes
Building Details
Building Size
2,490 SF
Year Built
1900
Listing Agency:
Vital Source Realty
(617) 379-3530
Listed By:
Shalaye Camillo · License #452508574
(617) 379-3530
Source:
Iverty
Added: Aug 12
Changed: Aug 18
Last Checked: Aug 20 at 4:40AM
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 Vital Source Realty
Investment Insights
Based on property information with market context.
This 2,490-square-foot triplex at 95 Flint St features three two-bedroom units, including two currently vacant apartments. Those units have been freshly painted and fitted with new flooring, while the occupied third-floor residence has been maintained. Refreshed common areas add to the building’s current condition and usability.
Built in 1900, the property provides several established occupancy configurations, including living in one unit while leasing another or placing all three apartments into service. Convenient highway access supports everyday travel and property operations. The combination of two available units, a maintained occupied residence, and three consistent two-bedroom layouts creates a straightforward multifamily ownership setup in Fall River.
Built in 1900, the property provides several established occupancy configurations, including living in one unit while leasing another or placing all three apartments into service. Convenient highway access supports everyday travel and property operations. The combination of two available units, a maintained occupied residence, and three consistent two-bedroom layouts creates a straightforward multifamily ownership setup in Fall River.
Key Highlights
- Three‑unit multifamily property with 2,490 square feet
- Each unit includes 2 bedrooms
- Two units are vacant and have fresh paint plus new flooring
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
$44,499
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
7.56%
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%
$889,980
$890.0K
Cap Rate 7%
$635,700
$635.7K
Cap Rate 9%
$494,433
$494.4K
Market Conditions
NOI Build-Up for 2,490 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
$68.7K $27.60/SF
− Vacancy
−$5.2K −$2.07/SF
EGI
$63.6K $25.53/SF
− OpEx
−$19.1K −$7.66/SF
NOI
$44.5K $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%
$889,980
Cap Rate 7%
$635,700
Cap Rate 9%
$494,433
Alternative Uses
Best Use
Multifamily LT 5
$635.7K
$556.2K – $741.7K
NOI $44,499 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$590.8K
$516.9K – $689.3K
NOI $41,355 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,146 @ 7.0% cap · market cap 18.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,107
Businesses Nearby
Explore this area
Business Placement
Demographics for 02723, MA
16,084
Population
7,976
Households
2
Avg Household Size
38
Median Age
13%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
10,053
Density / Sq Mi
$41,789
Median Household Income
$40,140
Median Earnings
$1,058
Median Rent
$312,900
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 - Two refreshed apartments offer immediate flexibility for occupancy, leasing, or multigenerational use.
Where is this triplex located?
The property is located at 95 Flint St Fall River, MA.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Three‑unit multifamily property with 2,490 square feet; Each unit includes 2 bedrooms; Two units are vacant and have fresh paint plus new flooring
