Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Fall River Two-Family Home Title is generated by Realmo AI

    34 Last St, Fall River, MA 02724

    View on Map
    Claim this Listing
    Pending
    $574,900

    MULTI_FAMILY - Fall River, MA

    Property size:
    2,288 SF
    Lot size:
    0.21 Acres
    Added:
    Apr 1, 2026
    Days on Market:
    58
    Last Refresh:
    May 28 at 4:06 pm

    Property Features for 34 Last St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-8
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Bedroom 4, Bathroom 3, Bedroom 3, Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1
    Parking
    2
    Standard status
    Pending
    APN
    M:0A12 B:0000 L:0015,2820348
    Size
    2,288 SF
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4866

    Building Details

    Year built
    1875
    Floors in Building
    2
    Number of units
    2

    We can help!

    Listing Contact
    Clifford Ponte

    Listing agent Clifford Ponte License #9554597

    Listing office Keller Williams South Watuppa 275 Martine Street, Unit 109, Fall River, MA

    Listing date Apr 1, 2026

    MLS# 73495475 Listing URL

    Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two‑family home: Ideal for rental income or multi‑generational living.
    • First‑floor apartment: Features 3 bedrooms and 2 bathrooms, including a large primary bedroom with en‑suite bath and walk‑in shower.
    • Desirable features: Includes hardwood floors, stainless steel appliances, and central air conditioning.
    • Outdoor amenities: Offers a one‑car garage and a nice yard.
    • Scenic views: Provides some water views and sunsets.
    • Convenient location: Situated on the Fall River/Tiverton line.

    Overview

    This two-family home is new to the market. The first unit features three bedrooms and two bathrooms, including a large primary bedroom with an en-suite bathroom and walk-in shower. The dining and living rooms have hardwood floors, and the kitchen is equipped with stainless steel appliances and central air. The second-floor apartment requires some TLC. The property has had many improvements over the years. It includes a one-car garage and a nice yard. The location offers some water views and sunsets. Situated on the Fall River/Tiverton line, this property is zoned R-8 and has a lot size of 0.2067 acres. The property size is 2288 square feet.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $454.3K
    NOI $40,889 @ 9.00% cap · cautious / downside scenario
    Moderate
    $584.1K
    NOI $40,889 @ 7.00% cap · market / base-case scenario
    Aggressive
    $817.8K
    NOI $40,889 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $63.1k $27.60
    − Vacancy −$4.7k −$2.07
    EGI $58.4k $25.53
    − OpEx −$17.5k −$7.66
    NOI $40.9k $17.87
    2,288 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $584.1K
    $511.1K – $681.5K (±1% cap)
    NOI $40,889 @ 7.0% cap · market cap 7.11%
    Second Best
    Apartment 5plus
    $542.9K
    $475.0K – $633.3K (±1% cap)
    NOI $38,000 @ 7.0% cap · market cap 6.61%
    Theoretical Best
    Office A
    $1.39M
    $1.22M – $1.63M (±1% cap)
    NOI $97,535 @ 7.0% cap · market cap 16.97%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fall River
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.186767
    Latitude
    41.674395

    Nearby Similar for Sale

    • $699,000
      3,478 SF

      Vacant Three-Family in Fall River

      Completely vacant Fall River triplex, ideal for investors or families.
      4 Coral St, Fall River, MA 02721
      View Details
    • $699,000
      3,280 SF

      Fall River Multifamily Investment

      Three-family property with expansion potential near historic landmarks.
      96 John St, Fall River, MA 02721
      View Details
    • $899,000
      3,354 SF

      Updated Multifamily Investment Opportunity

      Fully updated four-unit property near amenities and major routes.
      169 Grant Street, Fall River, MA 02721
      View Details
    • $1,300,000
      6,882 SF

      Renovated Multifamily Investment Property

      Turnkey six-family property in Fall River, fully renovated in 2013.
      1153 1157 Slade, Fall River, MA 02721
      View Details
    • $1,350,000
      6,898 SF

      Fall River Multifamily Opportunity

      Multifamily property with six units and a single-family home.
      119-121 Tremont St, Fall River, MA 02720
      View Details
    • $1,268,000
      4,890 SF

      Updated Multifamily and Single Family

      Two properties: updated multifamily and single family homes.
      165 & 169 Grant Street, Fall River, MA 02721
      View Details
    • $695,000
      3,201 SF

      Fall River Multi-Family Investment

      Well-maintained three-family property with strong rental history.
      1124 Bedford St, Fall River, MA 02723
      View Details
    • $8
      6,500 SF

      Fall River Commercial Space

      6,500 sqft commercial space for lease in Fall River.
      1533 S Main Street, Fall River, MA 02724
      View Details
    • $499,900
      2,894 SF

      Spacious Two-Family Home in Fall River

      Well-maintained two-family home with flexible living spaces and income potential.
      27 Cook St, Fall River, MA 02724
      View Details
    • $850,000
      4,121 SF

      Multifamily Property with 5-Unit Potential

      Multifamily property with income potential in Fall River, Massachusetts.
      600 Broadway, Fall River, MA 02724
      View Details
    • $744,900
      3,207 SF

      Fall River Three-Family Home

      Income-producing three-family home in desirable, walkable Fall River location.
      464 Birch St, Fall River, MA 02724
      View Details
    • $799,900
      3,305 SF

      Renovated Multi-Family Property

      Extensively renovated three-family property with modern amenities and vacant possession.
      58 Downing St, Fall River, MA 02723
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-family home with water views and a one-car garage.
    Where is this duplex located?
    The property is located at 34 Last St Fall River, MA.
    What is the asking price?
    The asking price for this property is $574,900.
    What are key features of this property?
    This property features: Two‑family home: Ideal for rental income or multi‑generational living.; First‑floor apartment: Features 3 bedrooms and 2 bathrooms, including a large primary bedroom with en‑suite bath and walk‑in shower.; Desirable features: Includes hardwood floors, stainless steel appliances, and central air conditioning.
    (508) 677-3233
    We can help!
    Listing Contact
    Clifford Ponte
    Real Estate License ID: 9554597
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    34 Last St, Fall River, MA 02724
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!