Mixed-Use Property With Two-Family
For Sale
$999,999
15 Shirley St, Fairhaven, MA 02719
Residential Income, Fairhaven, MA
Property Size2,245 SF
Lot Size1.69 Acres
Price / SF$445.43
Days on Market182
Property Features for 15 Shirley St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
I
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1
Parking
10
Directions
I-195 to Rt240 Exit, right @ 1st light, left at the next light, 1stleft
Standard status
Active
APN
M:00030A L:00086F S:,3284554
Size
2,245 SF
Lot size
1.69 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6382
Building Details
Year built
1918
Floors in Building
2
Number of units
2
Listing Agency:
Keller Williams South Watuppa · Keller Williams Realty
(508) 677-3233
Listed By:
Clifford Ponte · License #9554597
(508) 675-0995
Added: Apr 8
Changed: Sep 14
Last Checked: Oct 6 at 4:06AM
MLS# 73498083
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 mixed-use property combines a two-family home with a commercial lot that must be conveyed together. The residential structure contains 2,245 square feet and dates to 1918, with two bedrooms and two bathrooms identified in the property details. The total site encompasses 1.69 acres.
Located at 15 Shirley St in Fairhaven, the property is positioned near major routes and retail centers. Zoning is identified as I, with a 40R district overlay. The combined offering is described as suitable for commercial, residential, or mixed-use redevelopment, with the possibility of subdividing into multiple lots.
Located at 15 Shirley St in Fairhaven, the property is positioned near major routes and retail centers. Zoning is identified as I, with a 40R district overlay. The combined offering is described as suitable for commercial, residential, or mixed-use redevelopment, with the possibility of subdividing into multiple lots.
Key Highlights
- 1.69‑acre combined mixed‑use property
- 2,245‑square‑foot two‑family home built in 1918
- Commercial lot and residential property must be sold together
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,120
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$802,400
$802.4K
Cap Rate 7%
$573,143
$573.1K
Cap Rate 9%
$445,778
$445.8K
Market Conditions
NOI Build-Up for 2,245 SF
Gross rent
$62.0K $27.60/SF
− Vacancy
−$4.6K −$2.07/SF
EGI
$57.3K $25.53/SF
− OpEx
−$17.2K −$7.66/SF
NOI
$40.1K $17.87/SF
Area
Bristol County, MA
Vacancy
7.50%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$802,400
Cap Rate 7%
$573,143
Cap Rate 9%
$445,778
Alternative Uses
Best Use
Multifamily LT 5
$573.1K
$501.5K – $668.7K
NOI $40,120 @ 7.0% cap · market cap 4.01%
Second Best
Apartment 5plus
$532.6K
$466.1K – $621.4K
NOI $37,285 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,702 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
556
Businesses Nearby
Explore this area
Business Placement
Demographics for 02719, MA
15,924
Population
7,777
Households
2
Avg Household Size
49
Median Age
30%
College-Educated
92%
High-School Grad
12.4 sq mi
ZIP Area
1,284
Density / Sq Mi
$92,500
Median Household Income
$57,781
Median Earnings
$1,071
Median Rent
$407,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Combined residential and commercial components create a flexible property under I zoning with a 40R district overlay.
Where is this mixed-use property located?
The property is located at 15 Shirley St Fairhaven, MA.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 1.69‑acre combined mixed‑use property; 2,245‑square‑foot two‑family home built in 1918; Commercial lot and residential property must be sold together
