Townhouse-Style Duplex with Basement
New
For Sale
$1,235,000
150 Baker St, Fall River, MA 02721
New-construction duplex with private decks, separate utilities, and flexible residential layouts in Fall River.
Property Size6,120 SF
Price / SF$201.80
Days on Market2
Property Features for 150 Baker St
General Information
Standard status
Active
Size
6,120 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Zoning
R-4
Taxes and HOA fees
Annual Taxes
$869
Building Details
Building Size
6,120 SF
Year Built
2026
Stories
3
Listing Agency:
LPT Realty - Home & Key Group
(833) 668-4649
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Sep 2
Changed: Sep 3
Last Checked: Sep 2 at 2:01PM
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 LPT Realty - Home & Key Group
Investment Insights
Based on property information with market context.
This 6,120-square-foot duplex is configured in a townhouse style, with each side offering five bedrooms and three full bathrooms. Both residences include a kitchen with an island, an open living area, laundry, contemporary fixtures, and a private deck. Each side also includes a two-bedroom basement unit, creating additional residential space within the overall layout.
Construction began in 2025, with a 2026 year built, and the property is identified as new construction with eco-friendly features. Separate utilities serve each townhouse, including water and sewer, and each side has its own parking. The property is located at 150 Baker St in Fall River, Massachusetts, and carries R-4 zoning.
Construction began in 2025, with a 2026 year built, and the property is identified as new construction with eco-friendly features. Separate utilities serve each townhouse, including water and sewer, and each side has its own parking. The property is located at 150 Baker St in Fall River, Massachusetts, and carries R-4 zoning.
Key Highlights
- 6,120 SF duplex with townhouse‑style configuration
- Each side includes 5 bedrooms and 3 full bathrooms
- Each townhouse has a 2‑bedroom basement unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$109,371
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,187,420
$2.2M
Cap Rate 7%
$1,562,443
$1.6M
Cap Rate 9%
$1,215,233
$1.2M
Market Conditions
NOI Build-Up for 6,120 SF
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.
Gross rent
$168.9K $27.60/SF
− Vacancy
−$12.7K −$2.07/SF
EGI
$156.2K $25.53/SF
− OpEx
−$46.9K −$7.66/SF
NOI
$109.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,187,420
Cap Rate 7%
$1,562,443
Cap Rate 9%
$1,215,233
Alternative Uses
Best Use
Multifamily LT 5
$1.56M
$1.37M – $1.82M
NOI $109,371 @ 7.0% cap · market cap 8.86%
Second Best
Apartment 5plus
$1.45M
$1.27M – $1.69M
NOI $101,642 @ 7.0% cap · market cap 8.23%
Theoretical Best
Office A
$3.73M
$3.26M – $4.35M
NOI $260,888 @ 7.0% cap · market cap 21.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
Explore this area
Business Placement
Demographics for 02721, MA
28,075
Population
12,358
Households
2.3
Avg Household Size
38
Median Age
15%
College-Educated
73%
High-School Grad
4.0 sq mi
ZIP Area
7,019
Density / Sq Mi
$50,666
Median Household Income
$40,315
Median Earnings
$1,010
Median Rent
$362,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - New-construction duplex with private decks, separate utilities, and flexible residential layouts in Fall River.
Where is this duplex located?
The property is located at 150 Baker St Fall River, MA.
What is the asking price?
The asking price for this property is $1,235,000.
What are key features of this property?
This property features: 6,120 SF duplex with townhouse‑style configuration; Each side includes 5 bedrooms and 3 full bathrooms; Each townhouse has a 2‑bedroom basement unit
