Renovated Triplex with
953 Globe St Fall River, MA 02724
953 Globe St, Fall River, MA, 02724
$618,000
For Sale
$618,000
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 Market35
Property Features for 953 Globe St
General Information
- Standard status
- Active
- Size
- 2,601 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing agency
RSC Global Realty
(978) 578-5013
Listed by
Chris Bernier
(978) 578-5013
Source
Churchillprop
Added: Jun 17 Updated: Jul 21 at 4:31AM Checked: Jul 21 at 4:31AM
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 RSC Global Realty
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
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.8k | $27.60 |
| − Vacancy | −$5.4k | −$2.07 |
| EGI | $66.4k | $25.53 |
| − OpEx | −$19.9k | −$7.66 |
| NOI | $46.5k | $17.87 |
2,601 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
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
