Renovated Triplex with Legal ADU

435-437 Stetson St Fall River, MA 02720

Claim this Listing
For Sale
$725,000

MULTI_FAMILY - Fall River, MA

Property size:
3,036 SF
Lot size:
0.11 Acres
Price / SF:
$238/SF
Added:
Jul 5, 2026
Days on Market:
8
Last Refresh:
Jul 12 at 11:06 pm

Property Features for 435-437 Stetson St

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
S
Bedrooms
7
Bathrooms
3
Rooms
Bedroom 6, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 5, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 7, Bedroom 3
Parking
6
Standard status
Active
APN
M:0P03 B:0000 L:0017,2834626
Size
3,036 SF
Lot size
0.11 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
4701

Building Details

Year built
1920
Floors in Building
3
Number of units
3

Listing agent Clifford Ponte License #9554597

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

Listing date Jul 5, 2026

MLS# 73544680 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.


Investment Insights

Based on property information with market context.

This fully renovated, income-oriented property is configured as a two-family home with a legal ADU, creating a three-unit living feel. The layout includes two spacious, open-concept 3-bedroom units, along with an accessory dwelling unit designed for flexible occupancy. Per the seller, the 1st floor and the ADU will be delivered vacant, supporting a straightforward move-in or operational plan upon closing.

Externally, the property features classic cedar shingle siding and updated improvements that include new roofs on both the main home and the detached garage, as well as updated electrical service. Off-street parking is available, and the exterior also includes a spacious two-car garage. The home is described as conveniently located near major highways, schools, and everyday amenities.

With two 3-bedroom units and a separate legal ADU, the configuration can support a variety of tenant or household needs, including owner-occupancy alongside rental income or use by extended family. The combination of newly renovated interiors and the updated exterior systems and services is intended to reduce near-term maintenance concerns while providing multiple, distinct places to live within one property.

Key Highlights

  • Fully renovated 2‑family home with a legal ADU for a total 3‑family feel
  • Includes two open‑concept 3‑bedroom units plus an accessory dwelling unit
  • 1st floor and ADU will be delivered vacant

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 $83.8k $27.60
− Vacancy −$6.3k −$2.07
EGI $77.5k $25.53
− OpEx −$23.3k −$7.66
NOI $54.3k $17.87
3,036 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$775.1K
$678.2K – $904.3K (±1% cap)
NOI $54,256 @ 7.0% cap · market cap 7.48%
Second Best
Apartment 5plus
$720.3K
$630.3K – $840.4K (±1% cap)
NOI $50,423 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M (±1% cap)
NOI $129,421 @ 7.0% cap · market cap 17.85%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Garden Center Tech Support Center (Bike/Boat/Book/etc) Store Parking Lot & Garage Kitchen & Bath Showroom Catering Service (Bike/Boat/Book/etc) Store HVAC Service Pet Grooming Service Discount Store

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

FAQs

What type of property is this?
Triplex - Fully renovated units feature two open-concept 3-bedroom spaces plus a legal ADU, with the 1st floor and ADU delivered vacant.
Where is this triplex located?
The property is located at 435-437 Stetson St Fall River, MA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Fully renovated 2‑family home with a legal ADU for a total 3‑family feel; Includes two open‑concept 3‑bedroom units plus an accessory dwelling unit; 1st floor and ADU will be delivered vacant
Contact an agent
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