Updated Two-Family
For Sale
$499,000
Pending
190 Raymond St, Fall River, MA 02723
Residential Income, Fall River, MA
Property Size2,132 SF
Lot Size0.12 Acres
Days on Market50
Property Features for 190 Raymond St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 2
Parking
5
Directions
Please use GPS
Standard status
Pending
APN
M:000J B:0019 L:0041,2829497
Size
2,132 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4701
Amenities
private backyard
off-street parking
Building Details
Year built
1930
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: Aug 18
Changed: Sep 23
Last Checked: Oct 6 at 12:06PM
MLS# 73564840
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 2,132-square-foot duplex, built in 1930, contains two three-bedroom residences. The first unit includes a spacious kitchen and is leased through May 2027. The second offers additional room that can function as an office, bonus room, or other flexible area. The property has been updated and maintained with off-street parking and a private backyard.
Located in Fall River, the property provides highway access and sits on a 0.1177-acre lot. The roof was completed in 2023, adding a recent improvement to the building's existing residential configuration. The two-unit layout supports either owner occupancy or continued use as a residential income property.
Located in Fall River, the property provides highway access and sits on a 0.1177-acre lot. The roof was completed in 2023, adding a recent improvement to the building's existing residential configuration. The two-unit layout supports either owner occupancy or continued use as a residential income property.
Key Highlights
- 2,132‑square‑foot duplex with two three‑bedroom units
- Unit 1 leased through May 2027
- Additional flexible room in Unit 2
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,101
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$762,020
$762.0K
Cap Rate 7%
$544,300
$544.3K
Cap Rate 9%
$423,344
$423.3K
Market Conditions
NOI Build-Up for 2,132 SF
Gross rent
$58.8K $27.60/SF
− Vacancy
−$4.4K −$2.07/SF
EGI
$54.4K $25.53/SF
− OpEx
−$16.3K −$7.66/SF
NOI
$38.1K $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%
$762,020
Cap Rate 7%
$544,300
Cap Rate 9%
$423,344
Alternative Uses
Best Use
Multifamily LT 5
$544.3K
$476.3K – $635.0K
NOI $38,101 @ 7.0% cap · market cap 7.64%
Second Best
Apartment 5plus
$505.8K
$442.6K – $590.2K
NOI $35,409 @ 7.0% cap · market cap 7.10%
Theoretical Best
Office A
$1.30M
$1.14M – $1.51M
NOI $90,885 @ 7.0% cap · market cap 18.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
724
Businesses Nearby
Explore this area
Business Placement
Demographics for 02723, MA
16,084
Population
7,976
Households
2
Avg Household Size
38
Median Age
13%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
10,053
Density / Sq Mi
$41,789
Median Household Income
$40,140
Median Earnings
$1,058
Median Rent
$312,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units offer off-street parking, a private backyard, and flexible bonus space in the second residence.
Where is this duplex located?
The property is located at 190 Raymond St Fall River, MA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 2,132‑square‑foot duplex with two three‑bedroom units; Unit 1 leased through May 2027; Additional flexible room in Unit 2
