Two-Family Property with Separate
For Sale
$499,999
Pending
15 Shirley St, Fairhaven, MA 02719
Residential Income, Fairhaven, MA
Property Size2,245 SF
Days on Market53
Property Features for 15 Shirley St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
I
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1
Parking
10
Directions
I-195 to Rt 240 Exit, right @ 1st light, left at next light,1stleft
Standard status
Pending
APN
M:00030A L:00086F S:,3284554
Size
2,245 SF
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
Listed By:
Clifford Ponte · License #9554597
(508) 677-3233
Added: Sep 7
Changed: Oct 27
Last Checked: Oct 29 at 7:06PM
MLS# 73572580
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.
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Investment Insights
Based on property information with market context.
This two-family property contains 2,245 square feet and provides separate entrances for its residential units. Built in 1918, the building is being offered as-is and includes multiple bedrooms and bathrooms across the two-unit configuration.
The property is located at 15 Shirley St in Fairhaven, Massachusetts, near shopping, schools, and major routes. Industrial zoning applies to the site. An adjacent commercial property is also available for separate purchase.
The property is located at 15 Shirley St in Fairhaven, Massachusetts, near shopping, schools, and major routes. Industrial zoning applies to the site. An adjacent commercial property is also available for separate purchase.
Key Highlights
- Two‑family property with separate entrances
- 2,245 square feet of building area
- Industrial zoning designation: I
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,120
Cap Rate
8.02%
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 8.02%
Second Best
Apartment 5plus
$532.6K
$466.1K – $621.4K
NOI $37,285 @ 7.0% cap · market cap 7.46%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,702 @ 7.0% cap · market cap 19.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
556
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer distinct access within an industrial-zoned property near shopping, schools, and major routes.
Where is this duplex located?
The property is located at 15 Shirley St Fairhaven, MA.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Two‑family property with separate entrances; 2,245 square feet of building area; Industrial zoning designation: I
