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6 Unit - Investment 141 Hunter St 6 Unit Apartment Building $1,350,000 ($225,000/Unit) 7.04% Cap Rate Fall River, MA 02721
Investment Highlights
- Updated Units
- Fully Occupied
Executive Summary
Remarkable, well-maintained 6-unit investment property featuring two separate buildings with three units in each.145 Hunter St offers three 3-bedroom units with spacious, functional floor plans, hardwood flooring, remodeled bathrooms with tile floors, and a fully renovated third floor complete with forced hot air and central A/C. 141 Hunter St features 3-bedroom units, all with similar layouts, hardwood flooring, and updated tile baths. Both buildings include full basements with individual storage units and washer/dryer hookups. Situated on a generously sized fenced lot with off-street parking, storage shed, vinyl siding, and newly installed fire escapes. All units are tenant at will. Current NOI $95k+ with room to grow. Also available as a package purchase with an additional 8-unit property (see MLS #73481453).
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$117,600
|
$16.17
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$117,600
|
$16.17
|
| Taxes |
$10,542
|
$1.45
|
| Operating Expenses |
$11,700
|
$1.61
|
| Total Expenses |
$22,242
|
$3.06
|
| Net Operating Income |
$95,358
|
$13.11
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $117,600 |
| Annual Per SF | $16.17 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $117,600 |
| Annual Per SF | $16.17 |
| Taxes | |
|---|---|
| Annual | $10,542 |
| Annual Per SF | $1.45 |
| Operating Expenses | |
|---|---|
| Annual | $11,700 |
| Annual Per SF | $1.61 |
| Total Expenses | |
|---|---|
| Annual | $22,242 |
| Annual Per SF | $3.06 |
| Net Operating Income | |
|---|---|
| Annual | $95,358 |
| Annual Per SF | $13.11 |
Property Facts
| Price | $1,350,000 | Apartment Style | Low-Rise |
| Price Per Unit | $225,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 7.04% | Building Size | 7,272 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 1.06/1,000 SF |
| Zoning | A-2 | ||
| Price | $1,350,000 |
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| Cap Rate | 7.04% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 7,272 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 1.06/1,000 SF |
| Zoning | A-2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 6 | - | - |
1 1
Walk Score®
Walker's Paradise (92)
Property Taxes
| Parcel Number | FALL-000007I-000000-000054 | Total Assessment | $858,500 |
| Land Assessment | $108,900 | Annual Taxes | $10,542 ($1.45/SF) |
| Improvements Assessment | $749,600 | Tax Year | 2025 |
Property Taxes
Parcel Number
FALL-000007I-000000-000054
Land Assessment
$108,900
Improvements Assessment
$749,600
Total Assessment
$858,500
Annual Taxes
$10,542 ($1.45/SF)
Tax Year
2025
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6 Unit - Investment | 141 Hunter St
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