Renovated Triplex with
For Sale
$618,000
953 Globe St, Fall River, MA 02724
Well-maintained triplex with three full units, a finished basement with storage, and coin-op laundry plus private outdoor space.
Property Size2,601 SF
Price / SF$237.60
Days on Market82
Property Features for 953 Globe St
General Information
Standard status
Active
Size
2,601 SF
Property subtype
Multi-Family
Zoning
A-2
Net Operating Income
$19,200
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$4,874
Building Details
Building Size
2,601 SF
Year Built
1900
Stories
6
Tenancy
Multi
Listing Agency:
Bay Market Real Estate
(833) 668-4649
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Jun 17
Changed: Sep 5
Last Checked: Sep 5 at 4:17AM
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 Bay Market Real Estate
Investment Insights
Based on property information with market context.
This well-maintained triplex offers three full units and a finished basement with separated storage areas. Common coin-op laundry serves the building, and the first-floor unit has been completely renovated. The first unit also includes a private outdoor porch, while the property offers a sizable yard. The second-floor unit includes a kitchen with a quartz countertop.
The property is described as “ideally located,” and is being offered for sale at a total price of $618,000. Public remarks indicate actual rents are below market.
The building’s income potential is supported by the existing three-unit configuration, with shared laundry in the basement and additional storage included for day-to-day use.
The property is described as “ideally located,” and is being offered for sale at a total price of $618,000. Public remarks indicate actual rents are below market.
The building’s income potential is supported by the existing three-unit configuration, with shared laundry in the basement and additional storage included for day-to-day use.
Key Highlights
- Well‑maintained triplex built in 1900 with 3 full units
- Finished basement includes separated storage areas and coin‑op laundry
- First‑floor unit completely renovated
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
$46,482
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
7.52%
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%
$929,640
$929.6K
Cap Rate 7%
$664,029
$664.0K
Cap Rate 9%
$516,467
$516.5K
Market Conditions
NOI Build-Up for 2,601 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
$71.8K $27.60/SF
− Vacancy
−$5.4K −$2.07/SF
EGI
$66.4K $25.53/SF
− OpEx
−$19.9K −$7.66/SF
NOI
$46.5K $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%
$929,640
Cap Rate 7%
$664,029
Cap Rate 9%
$516,467
Alternative Uses
Best Use
Multifamily LT 5
$664.0K
$581.0K – $774.7K
NOI $46,482 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$617.1K
$540.0K – $720.0K
NOI $43,198 @ 7.0% cap · market cap 6.99%
Theoretical Best
Office A
$1.58M
$1.39M – $1.85M
NOI $110,878 @ 7.0% cap · market cap 17.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,263
Businesses Nearby
Explore this area
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
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 - Well-maintained triplex with three full units, a finished basement with storage, and coin-op laundry plus private outdoor space.
Where is this triplex located?
The property is located at 953 Globe St Fall River, MA.
What is the asking price?
The asking price for this property is $618,000.
What are key features of this property?
This property features: Well‑maintained triplex built in 1900 with 3 full units; Finished basement includes separated storage areas and coin‑op laundry; First‑floor unit completely renovated
