Fall River Two-Family
186 Spencer Street Fall River, MA 02721
186 Spencer Street, Fall River, MA, 02721
$479,900
Pending
For Sale
$479,900
Pending
Well-maintained two-family home in Fall River with fenced yard.
Property Size2,235 SF
Days on Market56
Property Features for 186 Spencer Street
General Information
- Standard status
- Pending
- Size
- 2,235 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1935
Listing Agency
Keller Williams South Watuppa
(508) 324-5089
Listed by
Sally Costa · License #RES.0044673
(508) 324-5089
Source
Lockandkeyre
Added: May 24 Checked: Jul 17 at 2:23 pm
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
Investment Insights
Based on property information with market context.
This well-maintained two-family home is located in Fall River. Each unit features two bedrooms and comfortable living areas with natural light. The property includes a one-car garage, additional off-street parking, and a fully fenced yard. It is located near shopping centers, restaurants, schools, and major highways, offering convenient access to amenities. The property has a size of 2235 square feet. This property presents an opportunity for both owner-occupants and investors.
Key Highlights
- Two‑family home: Ideal for owner‑occupants or investors.
- Two spacious units, each with two bedrooms.
- Convenient location: Close to shopping, restaurants, schools, and highways.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.7k | $27.60 |
| − Vacancy | −$4.6k | −$2.07 |
| EGI | $57.1k | $25.53 |
| − OpEx | −$17.1k | −$7.66 |
| NOI | $39.9k | $17.87 |
2,235 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$570.6K
$499.3K – $665.7K
NOI $39,942 @ 7.0% cap · market cap 8.32%
Second Best
Apartment 5plus
$530.3K
$464.0K – $618.7K
NOI $37,119 @ 7.0% cap · market cap 7.73%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,275 @ 7.0% cap · market cap 19.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family home in Fall River with fenced yard.
Where is this duplex located?
The property is located at 186 Spencer Street Fall River, MA.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Two‑family home: **Ideal for owner‑occupants or investors.**; Two spacious units, each with two bedrooms.; Convenient location: Close to shopping, restaurants, schools, and highways.
