Remodeled Two-Family with
278 Division St Fall River, MA 02721
278 Division St, Fall River, MA, 02721
$649,000
For Sale
$649,000
Remodeled two-family home features a townhouse-style second unit with an enclosed sunporch and sliders, delivered vacant at closing.
Property Size2,727 SF
Price / SF$237.99
Days on Market73
Property Features for 278 Division St
General Information
- Standard status
- Active
- Size
- 2,727 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1900
Listing agency
Lion Gate Real Estate, Inc.
(508) 264-5538
Listed by
Wendy Sampson
Source
Paulgrover
Added: May 11 Updated: Jul 21 at 7:31PM Checked: Jul 21 at 7:31PM
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 beautifully remodeled two-family property offers well-sized, flexible living arrangements with significant recent upgrades. The first-floor unit includes three bedrooms and is currently occupied. The expansive townhouse-style second unit features an enclosed sunporch with sliders, two bedrooms on the main level, a large upper-level bedroom with two bonus rooms, and two full bathrooms. The second unit will be delivered vacant at closing.
Additional major updates include a roof replacement in 2016, all new electrical and all new plumbing, and a tankless heating system. The property has fully remodeled interiors and four full bathrooms throughout. There is also additional lower-level space that can add further flexibility.
The home is conveniently located near highways, shopping, restaurants, and waterfront attractions.
Additional major updates include a roof replacement in 2016, all new electrical and all new plumbing, and a tankless heating system. The property has fully remodeled interiors and four full bathrooms throughout. There is also additional lower-level space that can add further flexibility.
The home is conveniently located near highways, shopping, restaurants, and waterfront attractions.
Key Highlights
- Remodeled two‑family home with a first‑floor unit (3 bedrooms) currently occupied
- Townhouse‑style second unit with an enclosed sunporch with sliders; includes 2 bedrooms on the main level and a large upper‑level bedroom plus 2 bonus rooms
- Second unit delivered vacant at closing
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 | $75.3k | $27.60 |
| − Vacancy | −$5.6k | −$2.07 |
| EGI | $69.6k | $25.53 |
| − OpEx | −$20.9k | −$7.66 |
| NOI | $48.7k | $17.87 |
2,727 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$696.2K
$609.2K – $812.2K
NOI $48,734 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$647.0K
$566.1K – $754.9K
NOI $45,291 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,249 @ 7.0% cap · market cap 17.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Remodeled two-family home features a townhouse-style second unit with an enclosed sunporch and sliders, delivered vacant at closing.
Where is this duplex located?
The property is located at 278 Division St Fall River, MA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Remodeled two‑family home with a first‑floor unit (3 bedrooms) currently occupied; Townhouse‑style second unit with an enclosed sunporch with sliders; includes 2 bedrooms on the main level and a large upper‑level bedroom plus 2 bonus rooms; Second unit delivered vacant at closing
