Waterfront Residential Income
112 Hiatt Street Fall River, MA 02721
112 Hiatt Street, Fall River, MA, 02721
$949,000
For Sale
$949,000
Two homes on a private stretch of Watuppa Pond with direct water access, private sandy beach, and a boat ramp and dock.
Property Size3,790 SF
Price / SF$250.40
Days on Market120
Property Features for 112 Hiatt Street
General Information
- Standard status
- Active
- Size
- 3,790 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1965
Listing agency
Keller Williams South Watuppa
(508) 677-3233
Listed by
The J. Pavao Team
(508) 677-3233
Source
Compass
Added: Mar 25 Updated: Jul 21 at 7:05PM Checked: Jul 21 at 7:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams South Watuppa
Investment Insights
Based on property information with market context.
Set on a private stretch of Watuppa Pond, this waterfront residential income property includes two homes with direct water access. The main residence offers a spacious layout designed to capture water views, including a large office, an expansive upstairs family room, and central air throughout. Parking and storage are supported by a 3-car garage with an oversized bay suitable for a truck or boat, paved parking for up to 10 vehicles, and a storage shed. The guest house provides additional flexibility with 2 rooms and a full bath, along with a cozy gas fireplace and access to a large deck overlooking a private sandy beach.
The property also features a private boat ramp and dock, supporting boating and waterfront use right from the site. Located at 112 Hiatt Street in Fall River, MA 02721, this offering combines waterfront living with an on-site second home for extended family or rental income.
The property also features a private boat ramp and dock, supporting boating and waterfront use right from the site. Located at 112 Hiatt Street in Fall River, MA 02721, this offering combines waterfront living with an on-site second home for extended family or rental income.
Key Highlights
- Two homes on a private stretch of Watuppa Pond with waterfront and dock/mooring access
- Main residence: approx. 2,310 SF with 3 beds, 4 baths, large office with water views, and upstairs family room
- Guest house: approx. 1,480 SF with 2 rooms and a full bath
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 | $104.6k | $27.60 |
| − Vacancy | −$7.8k | −$2.07 |
| EGI | $96.8k | $25.53 |
| − OpEx | −$29.0k | −$7.66 |
| NOI | $67.7k | $17.87 |
3,790 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$967.6K
$846.6K – $1.13M
NOI $67,731 @ 7.0% cap · market cap 7.14%
Second Best
Apartment 5plus
$899.2K
$786.8K – $1.05M
NOI $62,945 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$2.31M
$2.02M – $2.69M
NOI $161,563 @ 7.0% cap · market cap 17.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two homes on a private stretch of Watuppa Pond with direct water access, private sandy beach, and a boat ramp and dock.
Where is this duplex located?
The property is located at 112 Hiatt Street Fall River, MA.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Two homes on a private stretch of Watuppa Pond with waterfront and dock/mooring access; Main residence: approx. 2,310 SF with 3 beds, 4 baths, large office with water views, and upstairs family room; Guest house: approx. 1,480 SF with 2 rooms and a full bath
