Gutted Two-Family
For Sale
$360,000
Pending
23 Bryan St, Fall River, MA 02724
Existing two-family layout has been stripped to the studs for renovation.
Property Size1,646 SF
Days on Market54
Property Features for 23 Bryan St
General Information
Standard status
Pending
Size
1,646 SF
Property subtype
Multi Family
Property Condition
Severity
Major Repairs Needed
Evidence
completely gutted to the studs
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,831
Building Details
Building Size
1,646 SF
Year Built
1922
Listing Agency:
Century 21 Limitless
Listed By:
Kyle Seyboth · License #REB.0019335
(508) 726-3492
Source:
Allisonmazer
Added: Aug 14
Changed: Sep 28
Last Checked: Oct 5 at 11:20PM
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 Century 21 Limitless
Investment Insights
Based on property information with market context.
Built in 1922, this duplex retains its two-family configuration while the interior has been taken back to the studs, creating a renovation project for a buyer seeking to rework the existing structure. The property is located at 23 Bryan St in Fall River, Massachusetts.
The property is near Downtown Fall River, with access to restaurants, cafés, shopping, entertainment, cultural attractions, the waterfront, and Fall River Heritage State Park. Route 79, Route 24, and Interstate 195 provide regional connectivity, while SouthCoast Marketplace, Charlton Memorial Hospital, schools, grocery stores, parks, and local services are also nearby. Providence is approximately 20–25 minutes away, with access to Newport and Cape Cod.
The property is near Downtown Fall River, with access to restaurants, cafés, shopping, entertainment, cultural attractions, the waterfront, and Fall River Heritage State Park. Route 79, Route 24, and Interstate 195 provide regional connectivity, while SouthCoast Marketplace, Charlton Memorial Hospital, schools, grocery stores, parks, and local services are also nearby. Providence is approximately 20–25 minutes away, with access to Newport and Cape Cod.
Key Highlights
- Two‑family duplex configuration
- Interior stripped to the studs
- Built in 1922
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,416
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$588,320
$588.3K
Cap Rate 7%
$420,229
$420.2K
Cap Rate 9%
$326,844
$326.8K
Market Conditions
NOI Build-Up for 1,646 SF
Gross rent
$45.4K $27.60/SF
− Vacancy
−$3.4K −$2.07/SF
EGI
$42.0K $25.53/SF
− OpEx
−$12.6K −$7.66/SF
NOI
$29.4K $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%
$588,320
Cap Rate 7%
$420,229
Cap Rate 9%
$326,844
Alternative Uses
Best Use
Multifamily LT 5
$420.2K
$367.7K – $490.3K
NOI $29,416 @ 7.0% cap · market cap 8.17%
Second Best
Apartment 5plus
$390.5K
$341.7K – $455.6K
NOI $27,337 @ 7.0% cap · market cap 7.59%
Theoretical Best
Office A
$1.00M
$877.1K – $1.17M
NOI $70,167 @ 7.0% cap · market cap 19.49%
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
145
Businesses Nearby
Explore this area
Business Placement
Demographics for 02724, MA
18,050
Population
8,808
Households
2
Avg Household Size
38
Median Age
15%
College-Educated
76%
High-School Grad
1.8 sq mi
ZIP Area
10,028
Density / Sq Mi
$49,809
Median Household Income
$42,334
Median Earnings
$1,105
Median Rent
$368,300
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 - Existing two-family layout has been stripped to the studs for renovation.
Where is this duplex located?
The property is located at 23 Bryan St Fall River, MA.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Two‑family duplex configuration; Interior stripped to the studs; Built in 1922
