Two-Family Residential Income
28 Wingold Street Fall River, MA 02723
28 Wingold Street, Fall River, MA, 02723
$625,000
For Sale
$625,000
Two 2-bedroom units with separate living and dining areas, hardwood floors, and updated 200-amp electrical service.
Property Size2,238 SF
Price / SF$279.27
Days on Market10
Property Features for 28 Wingold Street
General Information
- Standard status
- Active
- Size
- 2,238 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1920
Listing Agency
Keller Williams Elite
(857) 269-0484
Listed by
Brian O'Connell
(857) 269-0484
Source
Lockandkeyre
Added: Jul 8 Checked: Jul 17 at 5:48 am
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 Elite
Investment Insights
Based on property information with market context.
This solidly built two-family home is delivered vacant at closing and offers two separate units, each with two bedrooms, a full bath, living room, dining room, and kitchen. Hardwood floors run throughout both units, and heating is provided by steam heat on two gas zones. The home’s electrical system has been fully updated to 200 amps, and a monitored ADT alarm remains with the property. Washer/dryer units are also included.
Set on a quiet dead-end street just off Route 24, the property provides easy highway access while maintaining a low-traffic setting. Exterior improvements include vinyl siding, with a full basement and covered porch adding additional storage and outdoor space.
The property includes a workbench garage and an 8x14 motorcycle shed for extra storage, along with six off-street parking spaces on a paved driveway.
Set on a quiet dead-end street just off Route 24, the property provides easy highway access while maintaining a low-traffic setting. Exterior improvements include vinyl siding, with a full basement and covered porch adding additional storage and outdoor space.
The property includes a workbench garage and an 8x14 motorcycle shed for extra storage, along with six off-street parking spaces on a paved driveway.
Key Highlights
- Two‑family home built in 1920 with two 2‑bedroom units
- Each unit includes a full bath, living room, dining room, and kitchen with hardwood floors
- Steam heat on two gas zones
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 | $61.8k | $27.60 |
| − Vacancy | −$4.6k | −$2.07 |
| EGI | $57.1k | $25.53 |
| − OpEx | −$17.1k | −$7.66 |
| NOI | $40.0k | $17.87 |
2,238 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$571.4K
$499.9K – $666.6K
NOI $39,995 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$531.0K
$464.6K – $619.5K
NOI $37,169 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,403 @ 7.0% cap · market cap 15.26%
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 - Two 2-bedroom units with separate living and dining areas, hardwood floors, and updated 200-amp electrical service.
Where is this duplex located?
The property is located at 28 Wingold Street Fall River, MA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two‑family home built in 1920 with two 2‑bedroom units; Each unit includes a full bath, living room, dining room, and kitchen with hardwood floors; Steam heat on two gas zones
