Renovated Two-Unit
New
For Sale
$649,900
16 Murray St, Fall River, MA 02720
Residential Income, Fall River, MA
Property Size2,300 SF
Lot Size0.08 Acres
Price / SF$282.57
Days on Market1
Property Features for 16 Murray St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
G
Bedrooms
7
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 6, Bedroom 3, Bathroom 2, Bedroom 7
Parking
3
Directions
Please use GPS
Standard status
Active
APN
2837009
Size
2,300 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4992
Amenities
balcony
Building Details
Year built
1921
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: Oct 5
Last Checked: Oct 5 at 4:06PM
MLS# 73586608
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 renovated duplex contains two residences within 2,300 square feet. Each unit has an updated kitchen and bathroom, new flooring, forced-air heat, split-system air conditioning, and a balcony. The property was built in 1921 and occupies a 0.0794-acre lot. Zoning is G.
Tenants are in place, and the property is in Fall River, with Somerset a short drive away. Local shops, restaurants, schools, major roads, and neighboring communities are also identified as accessible from the property.
Tenants are in place, and the property is in Fall River, with Somerset a short drive away. Local shops, restaurants, schools, major roads, and neighboring communities are also identified as accessible from the property.
Key Highlights
- Two residential units, each with a balcony
- 2,300 square feet on a 0.0794‑acre lot
- Updated kitchens and bathrooms, plus new flooring in both units
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Separate forced-air heating and split-system air conditioning serve both residences.
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: Two residential units, each with a balcony; 2,300 square feet on a 0.0794‑acre lot; Updated kitchens and bathrooms, plus new flooring in both units
