Two-Family Duplex with Off-Street
New
For Sale
$625,000
199 Purchase St, Fall River, MA 02721
Both residences include hardwood flooring and kitchens with pantries, stoves, and refrigerators.
Property Size2,772 SF
Price / SF$225.47
Days on Market6
Property Features for 199 Purchase St
General Information
Standard status
Active
Size
2,772 SF
Property subtype
2 Family - 2 Units Up/Down
Occupancy
100%
Additional Details
Multifamily Units
2
Amenities
hardwood floors
pantry kitchens
stoves
refrigerators
yard
off-street parking
Building Details
Year Built
1900
Listing Agency:
Lamacchia Realty, Inc.
(508) 677-3629
Listed By:
Michelle R Moniz
(508) 677-5304
Source:
Lockandkeyre
Added: Oct 14
Changed: Oct 19
Last Checked: Oct 19 at 6:50AM
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 Lamacchia Realty, Inc.
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Investment Insights
Based on property information with market context.
This 2,772-square-foot duplex contains two residences, each with hardwood floors and a pantry kitchen equipped with a stove and refrigerator. The property was built in 1900 and is currently fully occupied. Attic space may accommodate additional bedroom area, subject to required approvals and building requirements.
The property is at 199 Purchase Street in Fall River’s downtown district. A small yard and off-street parking are also part of the property.
The property is at 199 Purchase Street in Fall River’s downtown district. A small yard and off-street parking are also part of the property.
Key Highlights
- Two‑family property with both residences currently occupied
- 2,772 square feet; built in 1900
- Hardwood floors in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,538
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$990,760
$990.8K
Cap Rate 7%
$707,686
$707.7K
Cap Rate 9%
$550,422
$550.4K
Market Conditions
NOI Build-Up for 2,772 SF
Gross rent
$76.5K $27.60/SF
− Vacancy
−$5.7K −$2.07/SF
EGI
$70.8K $25.53/SF
− OpEx
−$21.2K −$7.66/SF
NOI
$49.5K $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%
$990,760
Cap Rate 7%
$707,686
Cap Rate 9%
$550,422
Alternative Uses
Best Use
Multifamily LT 5
$707.7K
$619.2K – $825.6K
NOI $49,538 @ 7.0% cap · market cap 7.93%
Second Best
Apartment 5plus
$657.7K
$575.5K – $767.3K
NOI $46,038 @ 7.0% cap · market cap 7.37%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,167 @ 7.0% cap · market cap 18.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,168
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
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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 hardwood flooring and kitchens with pantries, stoves, and refrigerators.
Where is this duplex located?
The property is located at 199 Purchase St Fall River, MA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two‑family property with both residences currently occupied; 2,772 square feet; built in 1900; Hardwood floors in both residences
