Fall River Triplex with
96 John Street, Fall River, MA 02721
Three-family property with value-add potential near Fall River attractions.
Type:Multi-family
Property size:
3,280 SFPrice / SF:
$213/SF- Added:
- May 18, 2026
- Days on Market:
- 16
- Last Refresh:
- May 21 at 9:47 pm
Property Features for 96 John Street
General Information
- Standard status
- Active
- Size
- 3,280 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing office Keller Williams South Watuppa
Listing date May 18, 2026
Source Inrealtyinc
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
HighLights
- High Income Potential: Currently generating $4,250/month with value‑add expansion possibilities.
- Vacant Unit: Includes a vacant 2‑bedroom unit, ideal for owner‑occupancy or immediate rental income.
- Expansion Opportunities: 1st floor can be split into two units; 3rd‑floor walkup (8 rooms) can be refinished.
- Updated and De‑Leaded: Recent updates include new flooring, paint, doors, bathroom remodels, and appliances; all units have deleading certificates.
- Separate Utilities & New Electrical Panel: Utilities are separated, and a new 5th electric panel and meter have been installed.
- Convenient Location: Easy highway access, close to attractions and 5 minutes to the MBTA commuter rail.
Overview
This Fall River triplex presents an opportunity for investors or owner-occupants. The property features three units, with two currently occupied by tenants at will, generating a combined monthly income of $4,250. A vacant two-bedroom unit is available for immediate occupancy or rental. The first floor comprises a 1,600+ sqft six-bedroom layout that could potentially be divided into two separate units. The third-floor walkup, consisting of eight rooms currently used for storage, offers additional renovation potential. The property has separated utilities, including a newly installed fifth electric panel and meter. It features gas heating and is connected to city water and sewer services. Recent updates include new LVP flooring, paint, doors, bathroom remodels, and some appliances, along with other interior improvements. All units have deleading certificates. The property includes three off-street parking spots and a spacious fenced-in backyard. It is located near the historic Lizzie Borden house and Terra Nostra restaurant, with convenient highway access and is approximately five minutes from the MBTA commuter rail. The total property size is 3,280 square feet.
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 | $90.5k | $27.60 |
| − Vacancy | −$6.8k | −$2.07 |
| EGI | $83.7k | $25.53 |
| − OpEx | −$25.1k | −$7.66 |
| NOI | $58.6k | $17.87 |
3,280 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$837.4K
$732.7K – $977.0K
NOI $58,617 @ 7.0% cap · market cap 8.39%
Second Best
Apartment 5plus
$778.2K
$680.9K – $907.9K
NOI $54,475 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $139,822 @ 7.0% cap · market cap 20.00%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Fall River
- County
- Bristol
- State
- Massachusetts
- Longitude
- -71.1545127
- Latitude
- 41.6960291
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Three-family property with value-add potential near Fall River attractions.
Where is this triplex located?
The property is located at 96 John Street Fall River, MA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: High Income Potential: Currently generating $4,250/month with value‑add expansion possibilities.; Vacant Unit: Includes a vacant 2‑bedroom unit, ideal for owner‑occupancy or immediate rental income.; Expansion Opportunities: 1st floor can be split into two units; 3rd‑floor walkup (8 rooms) can be refinished.
