Two-Unit Duplex with Off-Street
1138-1140 Plymouth Ave Fall River, MA 02721
1138-1140 Plymouth Ave, Fall River, MA, 02721
$475,000
For Sale
$475,000
Immaculately maintained duplex with two two-bedroom units, full baths, off-street parking, and recent major system upgrades.
Property Size2,059 SF
Price / SF$230.69
Days on Market86
Property Features for 1138-1140 Plymouth Ave
General Information
- Standard status
- Active
- Size
- 2,059 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1889
Listing agency
Redfin Corp.
(857) 210-6559
Listed by
CJ Lee
(857) 210-6559
Source
Lockandkeyre
Added: Apr 28 Updated: Jul 22 at 2:07AM Checked: Jul 22 at 2:07AM
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 Redfin Corp.
Investment Insights
Based on property information with market context.
This impeccably maintained two-family duplex offers two thoughtfully designed units, each with two bedrooms and a full bath. The property is currently tenant-occupied, providing immediate, stable income. Recent capital improvements include a new roof (2021), updated plumbing and a sewer line (2022), a new hot water tank (2023–2024), and a brand-new first-floor boiler (2025).
Additional on-site convenience includes off-street parking. The property is described as having effortless access to major highways, upscale shopping, and the Fall River MBTA.
The duplex is listed as For Sale and, per the remarks, must be sold together with MLS#73508457.
Additional on-site convenience includes off-street parking. The property is described as having effortless access to major highways, upscale shopping, and the Fall River MBTA.
The duplex is listed as For Sale and, per the remarks, must be sold together with MLS#73508457.
Key Highlights
- Two‑family residence built in 1889 with 2‑bedroom units and 1 full bath per unit
- Tenant‑occupied, providing immediate stable rental income
- New roof installed in 2021
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 | $56.8k | $27.60 |
| − Vacancy | −$4.3k | −$2.07 |
| EGI | $52.6k | $25.53 |
| − OpEx | −$15.8k | −$7.66 |
| NOI | $36.8k | $17.87 |
2,059 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$525.7K
$460.0K – $613.3K
NOI $36,796 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$488.5K
$427.5K – $569.9K
NOI $34,196 @ 7.0% cap · market cap 7.20%
Theoretical Best
Office A
$1.25M
$1.10M – $1.46M
NOI $87,773 @ 7.0% cap · market cap 18.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Immaculately maintained duplex with two two-bedroom units, full baths, off-street parking, and recent major system upgrades.
Where is this duplex located?
The property is located at 1138-1140 Plymouth Ave Fall River, MA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two‑family residence built in 1889 with 2‑bedroom units and 1 full bath per unit; Tenant‑occupied, providing immediate stable rental income; New roof installed in 2021
