Multifamily Home with
For Sale
$400,000
2400 South Main Street, Fall River, MA 02724
A two-story layout pairs residential space with a garage for additional storage.
Property Size1,701 SF
Lot Size0.11 Acres
Price / SF$235.16
Days on Market24
Property Features for 2400 South Main Street
General Information
Standard status
Active
Size
1,701 SF
Lot size
0.11 Acres
Property subtype
Multi-family
Building Details
Year Built
1934
Stories
2
Listing Agency:
Keller Williams Realty Leading Edge
Listed By:
Aaron Coutu · License #0044787
(401) 333-4900
Source:
Lindorealtygroup
Added: Sep 12
Changed: Oct 4
Last Checked: Oct 4 at 10:11AM
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 Keller Williams Realty Leading Edge
Investment Insights
Based on property information with market context.
Built in 1934, this two-story multifamily property contains 1,701 square feet of living space on a 4,848-square-foot lot. The residence has four bedrooms and two full bathrooms, along with a garage that provides additional storage. Property features include vinyl windows, a newer roof, one heating system, and one electric meter. A solar lease is in place.
Key Highlights
- 1,701 square feet of living space on a 4,848‑square‑foot lot
- Four bedrooms and two full bathrooms
- Two‑story residence built in 1934
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,251
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,020
$565.0K
Cap Rate 7%
$403,586
$403.6K
Cap Rate 9%
$313,900
$313.9K
Market Conditions
NOI Build-Up for 1,701 SF
Gross rent
$55.1K $32.40/SF
− Vacancy
−$3.7K −$2.20/SF
EGI
$51.4K $30.20/SF
− OpEx
−$23.1K −$13.59/SF
NOI
$28.3K $16.61/SF
Area
Bristol County, MA
Vacancy
6.80%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,020
Cap Rate 7%
$403,586
Cap Rate 9%
$313,900
Alternative Uses
Best Use
Apartment 5plus
$403.6K
$353.1K – $470.9K
NOI $28,251 @ 7.0% cap · market cap 7.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$906.4K – $1.21M
NOI $72,512 @ 7.0% cap · market cap 18.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
369
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?
Multifamily property - A two-story layout pairs residential space with a garage for additional storage.
Where is this multifamily property located?
The property is located at 2400 South Main Street Fall River, MA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 1,701 square feet of living space on a 4,848‑square‑foot lot; Four bedrooms and two full bathrooms; Two‑story residence built in 1934
