Renovated Two-Family
For Sale
$649,900
16 Murray St, Fall River, MA 02720
Both residences include updated kitchens and baths, separate heating systems, air conditioning, and balconies.
Property Size2,300 SF
Price / SF$282.57
Days on Market12
Property Features for 16 Murray St
General Information
Standard status
Active
Size
2,300 SF
Property subtype
2 Family - 2 Units Up/Down
Additional Details
Multifamily Units
2
Amenities
balcony
air conditioning
Building Details
Year Built
1921
Buildings
1
Listing Agency:
Keller Williams South Watuppa
(508) 677-3233
Listed By:
Susan Martins
(508) 617-1892
Source:
Lockandkeyre
Added: Oct 5
Changed: Oct 15
Last Checked: Oct 14 at 11:51PM
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
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Investment Insights
Based on property information with market context.
This duplex contains two residences with 2,300 square feet in total. Both units have updated kitchens and bathrooms, new flooring, forced hot air heating, and split-system air conditioning. Each also has a balcony. The property was built in 1921 and has undergone extensive renovation.
Tenants are in place, and the home is in Fall River, minutes from Somerset. Shops, restaurants, schools, major roads, and nearby communities are within convenient reach.
Tenants are in place, and the home is in Fall River, minutes from Somerset. Shops, restaurants, schools, major roads, and nearby communities are within convenient reach.
Key Highlights
- 2,300 square feet across two units
- Renovated kitchens, bathrooms, and flooring in both residences
- Separate forced hot air heating systems and split‑system air conditioning in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,103
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$822,060
$822.1K
Cap Rate 7%
$587,186
$587.2K
Cap Rate 9%
$456,700
$456.7K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$63.5K $27.60/SF
− Vacancy
−$4.8K −$2.07/SF
EGI
$58.7K $25.53/SF
− OpEx
−$17.6K −$7.66/SF
NOI
$41.1K $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%
$822,060
Cap Rate 7%
$587,186
Cap Rate 9%
$456,700
Alternative Uses
Best Use
Multifamily LT 5
$587.2K
$513.8K – $685.1K
NOI $41,103 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$545.7K
$477.5K – $636.7K
NOI $38,199 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$1.40M
$1.23M – $1.63M
NOI $98,046 @ 7.0% cap · market cap 15.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,056
Businesses Nearby
Explore this area
Business Placement
Demographics for 02720, MA
31,209
Population
14,940
Households
2.1
Avg Household Size
41
Median Age
21%
College-Educated
81%
High-School Grad
13.2 sq mi
ZIP Area
2,364
Density / Sq Mi
$62,907
Median Household Income
$45,199
Median Earnings
$1,177
Median Rent
$361,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include updated kitchens and baths, separate heating systems, air conditioning, and balconies.
Where is this duplex located?
The property is located at 16 Murray St Fall River, MA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 2,300 square feet across two units; Renovated kitchens, bathrooms, and flooring in both residences; Separate forced hot air heating systems and split‑system air conditioning in each unit
