Mixed-Use Building with
284 Broadway Fall River, MA 02721
284 Broadway, Fall River, MA, 02721
$749,900
For Sale
$749,900
Turnkey mixed-use building with renovated street-level salon space plus two 3-bedroom apartments and four heated/cooled garage stalls.
Property Size3,608 SF
Price / SF$207.84
Days on Market79
Property Features for 284 Broadway
General Information
- Standard status
- Active
- Size
- 3,608 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1910
Listing agency
Divine Real Estate, Inc.
(508) 207-5351
Listed by
Zachary Midwood · License #451503605
Source
Hometown-team
Added: May 4 Updated: Jul 21 at 4:18AM Checked: Jul 21 at 4:18AM
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 Divine Real Estate, Inc.
Investment Insights
Based on property information with market context.
This turnkey mixed-use building offers a combination of street-level commercial space and two residential apartments. The first-floor unit is currently operating as a salon and has been nicely renovated, including heat and central A/C, a full bathroom, and a kitchenette. The property also includes four garage stalls equipped with mini-split systems that provide heating and cooling, supporting flexible storage or workshop use.
The second and third floors feature spacious 3-bedroom apartment layouts with tankless heating systems and separate utilities. The building is described as well-maintained and functional throughout.
Conveniently situated with easy access to highways and nearby shopping, restaurants, and local amenities, the property is positioned to serve both investors and owner-occupants seeking an income-producing mixed-use setup.
The second and third floors feature spacious 3-bedroom apartment layouts with tankless heating systems and separate utilities. The building is described as well-maintained and functional throughout.
Conveniently situated with easy access to highways and nearby shopping, restaurants, and local amenities, the property is positioned to serve both investors and owner-occupants seeking an income-producing mixed-use setup.
Key Highlights
- Mixed‑use property built in 1910 with street‑level commercial space plus two residential apartments.
- Street‑level salon space renovated with heat and central A/C, full bathroom, and kitchenette.
- Two apartments with spacious 3‑bedroom layouts; second and third floors have tankless heating systems and separate utilities.
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 | $99.6k | $27.60 |
| − Vacancy | −$7.5k | −$2.07 |
| EGI | $92.1k | $25.53 |
| − OpEx | −$27.6k | −$7.66 |
| NOI | $64.5k | $17.87 |
3,608 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.06M
$926.3K – $1.24M
NOI $74,101 @ 7.0% cap · market cap 9.88%
Second Best
Multifamily LT 5
$921.1K
$806.0K – $1.07M
NOI $64,479 @ 7.0% cap · market cap 8.60%
Theoretical Best
Office A
$2.20M
$1.92M – $2.56M
NOI $153,805 @ 7.0% cap · market cap 20.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Divine Capital Group
Corporate Office
Divine Real Estate
Real Estate Agency
Ryan Rebello, Divine ...
Real Estate Agency
Rayline Cardoso, Divine ...
Real Estate Agency
Austin Rezendes, realtor
Real Estate Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Turnkey mixed-use building with renovated street-level salon space plus two 3-bedroom apartments and four heated/cooled garage stalls.
Where is this mixed-use property located?
The property is located at 284 Broadway Fall River, MA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Mixed‑use property built in 1910 with street‑level commercial space plus two residential apartments.; Street‑level salon space renovated with heat and central A/C, full bathroom, and kitchenette.; Two apartments with spacious 3‑bedroom layouts; second and third floors have tankless heating systems and separate utilities.
