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144 Choate St 8 Unit Apartment Building $2,091,750 CAD ($261,469 CAD/Unit) 7.80% Cap Rate Fall River, MA 02723
Investment Highlights
- (4) 2 Bedroom Units (4) 3 Bedroom Units
- Off Street Parking 8 spaces
- Brand New Fire Escape
- Newer Kitchens & Baths
Executive Summary
8-Unit Investment – Fall River, MA
Exceptional opportunity to acquire a 8-unit multifamily portfolio in Fall River.
Property has undergone improvements and generate strong, consistent cash flow. The portfolio currently produces over $12,000 per month in gross rental income with a current NOI exceeding $117,000 annually.
Investors will appreciate the additional upside potential, with room to further increase rents and enhance returns.
Located in the revitalizing city of Fall River, this portfolio benefits from major economic momentum, including the new South Coast Commuter Rail expansion and ongoing waterfront redevelopment—driving long-term growth and increasing demand.
A turnkey opportunity with immediate income and future appreciation potential.
Exceptional opportunity to acquire a 8-unit multifamily portfolio in Fall River.
Property has undergone improvements and generate strong, consistent cash flow. The portfolio currently produces over $12,000 per month in gross rental income with a current NOI exceeding $117,000 annually.
Investors will appreciate the additional upside potential, with room to further increase rents and enhance returns.
Located in the revitalizing city of Fall River, this portfolio benefits from major economic momentum, including the new South Coast Commuter Rail expansion and ongoing waterfront redevelopment—driving long-term growth and increasing demand.
A turnkey opportunity with immediate income and future appreciation potential.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,091,750 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $261,469 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 7.80% | Building Size | 9,490 SF |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 0.84/1,000 SF |
| Zoning | A3 | ||
| Price | $2,091,750 CAD |
| Price Per Unit | $261,469 CAD |
| Sale Type | Investment |
| Cap Rate | 7.80% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 9,490 SF |
| No. Stories | 4 |
| Year Built | 1900 |
| Parking Ratio | 0.84/1,000 SF |
| Zoning | A3 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
| 3+1 | 4 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | FALL-000018J-000000-000041 | Total Assessment | $1,323,799 CAD |
| Land Assessment | $151,303 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,172,496 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
FALL-000018J-000000-000041
Land Assessment
$151,303 CAD
Improvements Assessment
$1,172,496 CAD
Total Assessment
$1,323,799 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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144 Choate St
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