224 Tripp Street Fall River — Photo 1 of 16
$649,000
Investment Analysis — 224 Tripp Street
Fall River, MA 02724
Based on rent reported on the MLS listing, a 4-unit multi-family in 02724 carries $5,400/mo in gross rent — about a 6.63% cap rate and $43,020/yr in estimated NOI at the $649,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
4
SqFt
2,184
Style
4 Family
Built
1900
Welcome to 224 Tripp Street a 4 family building consisting of all 1 bedroom units with total living space of 2,184 sq. ft. All units have been remodeled/updated since ownership in 2020 including new flooring, bathrooms, and kitchens. All units are individually metered for electric. Property comes with a great size yard that could be potentially turned into off street parking. There is potential to expand living space on 3rd floor into 2 additional units, or cottage style setup with 2nd floor units. Buyer's & Buyer's Agent to perform due diligence. Property is located near shopping, restaurants, schools, and major highway access. This property is a great first time buyer option, or a first time investor ready to start building their future portfolio.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Refrigerator
Geography
Listing Agent: Mario Pereira
Listing Office: eXp Realty LLC
MLS® Number: 73568550
