Modern Duplex with Expansion
For Sale
$549,900
211 William St, Fall River, MA 02721
Two residential units include a fenced yard, off-street parking, and a dry basement.
Property Size2,423 SF
Price / SF$226.95
Days on Market28
Property Features for 211 William St
General Information
Standard status
Active
Size
2,423 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,914
Amenities
fenced yard
laundry hookups
Building Details
Buildings
1
Listing Agency:
Lion Gate Real Estate, Inc.
(508) 673-0001
Listed By:
Todd Mello · License #450500395
(508) 567-0000
Source:
Exprealty
Added: Sep 8
Changed: Oct 2
Last Checked: Oct 4 at 2:52PM
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 Lion Gate Real Estate, Inc.
Investment Insights
Based on property information with market context.
This modern duplex contains two residential units and includes a third-floor area that may be remodeled for additional living space or adapted into a second-floor townhouse conversion. The property also features off-street parking, a fenced yard, and a dry basement with separate utilities and laundry hookups. A new roof is among the recent improvements.
Located at 211 William St in Fall River, the property is within walking distance of restaurants, local businesses, and walking trails. Major highway access is only minutes away, providing convenient connectivity beyond the immediate area.
Located at 211 William St in Fall River, the property is within walking distance of restaurants, local businesses, and walking trails. Major highway access is only minutes away, providing convenient connectivity beyond the immediate area.
Key Highlights
- Two‑unit duplex with a third floor identified for additional living space or townhouse conversion
- Property size of 2423
- Dry basement with separate utilities and laundry hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,301
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$866,020
$866.0K
Cap Rate 7%
$618,586
$618.6K
Cap Rate 9%
$481,122
$481.1K
Market Conditions
NOI Build-Up for 2,423 SF
Gross rent
$66.9K $27.60/SF
− Vacancy
−$5.0K −$2.07/SF
EGI
$61.9K $25.53/SF
− OpEx
−$18.6K −$7.66/SF
NOI
$43.3K $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%
$866,020
Cap Rate 7%
$618,586
Cap Rate 9%
$481,122
Alternative Uses
Best Use
Multifamily LT 5
$618.6K
$541.3K – $721.7K
NOI $43,301 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$574.9K
$503.0K – $670.7K
NOI $40,242 @ 7.0% cap · market cap 7.32%
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,290 @ 7.0% cap · market cap 18.78%
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
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,306
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include a fenced yard, off-street parking, and a dry basement.
Where is this duplex located?
The property is located at 211 William St Fall River, MA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Two‑unit duplex with a third floor identified for additional living space or townhouse conversion; Property size of 2423; Dry basement with separate utilities and laundry hookups
