232 Alden St, Fall River, MA 02723
Two-family home, ideal for owner-occupancy or investment.
- Added:
- Apr 7, 2026
- Days on Market:
- 80
- Last Refresh:
- Apr 20 at 7:16 pm
Property Features for 232 Alden St
General Information
- Standard status
- Active
- Size
- 1,920 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1922
Listing office Keller Williams South Watuppa (774) 301-6860
Listing date Apr 7, 2026
Source Lockandkeyre
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HighLights
- Move‑in ready 2‑family home, ideal for owner‑occupancy or investment.
- Unit 2 delivered vacant; potential to set market rent.
- Each unit features 3 bedrooms and nearly 1,000 sqft of living space; Unit 1 has a bonus office.
- Spacious walkout basement with high ceilings, currently rented for storage, offering finishing potential and bonus cash flow.
- Recent updates include roof, vinyl siding, windows, and water heaters.
- Convenient location: close to restaurants, parks (Quequechan River walking trail and Travassos Park), and highway access.
Overview
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 | $53.0k | $27.60 |
| − Vacancy | −$4.0k | −$2.07 |
| EGI | $49.0k | $25.53 |
| − OpEx | −$14.7k | −$7.66 |
| NOI | $34.3k | $17.87 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Fall River
- County
- Bristol
- State
- Massachusetts
- Longitude
- -71.1344382
- Latitude
- 41.6887141