Turnkey Mixed-Use
284 Broadway Fall River, MA 02721
284 Broadway, Fall River, MA, 02721
$699,900
For Sale
$699,900
Street-level commercial space operates as a renovated salon with heat, central A/C, and private bathroom.
Property Size3,608 SF
Price / SF$193.99
Days on Market94
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.
Listed by
Zachary Midwood
(508) 823-9400
Source
Ballowhutchinsonrealestate
Added: Apr 20 Updated: Jul 22 at 12:34PM Checked: Jul 22 at 12:34PM
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.
284 Broadway is a turnkey mixed-use building featuring one street-level commercial unit and two residential apartments. The commercial space 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, each equipped with mini-split heating and cooling, creating flexible space for storage or workshop use. The second and third floor apartments offer spacious 3-bedroom layouts with tankless heating systems and separate utilities.
Well-maintained and functional throughout, the building combines income-producing commercial and residential components with climate-controlled garage space for additional operational flexibility.
The property also includes four garage stalls, each equipped with mini-split heating and cooling, creating flexible space for storage or workshop use. The second and third floor apartments offer spacious 3-bedroom layouts with tankless heating systems and separate utilities.
Well-maintained and functional throughout, the building combines income-producing commercial and residential components with climate-controlled garage space for additional operational flexibility.
Key Highlights
- Turn‑of‑the‑century mixed‑use building (Year built 1910) with 1 commercial unit and 2 residential apartments
- Street‑level commercial unit operates as a renovated salon with heat, central A/C, full bathroom, and kitchenette
- Two spacious 3‑bedroom apartments on the 2nd and 3rd floors with tankless heating and separate utilities
Local Financial Insights For Apartment 5plus
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 | $116.9k | $32.40 |
| − Vacancy | −$7.9k | −$2.20 |
| EGI | $109.0k | $30.20 |
| − OpEx | −$49.0k | −$13.59 |
| NOI | $59.9k | $16.61 |
3,608 SF · lease $32.40/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Retail
$1.06M
$926.3K – $1.24M
NOI $74,101 @ 7.0% cap · market cap 10.59%
Second Best
Multifamily LT 5
$921.1K
$806.0K – $1.07M
NOI $64,479 @ 7.0% cap · market cap 9.21%
Theoretical Best
Office A
$2.20M
$1.92M – $2.56M
NOI $153,805 @ 7.0% cap · market cap 21.98%
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 ...
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Rayline Cardoso, Divine ...
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Austin Rezendes, realtor
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FAQs
What type of property is this?
Mixed-use property - Street-level commercial space operates as a renovated salon with heat, central A/C, and private bathroom.
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 $699,900.
What are key features of this property?
This property features: Turn‑of‑the‑century mixed‑use building (Year built 1910) with 1 commercial unit and 2 residential apartments; Street‑level commercial unit operates as a renovated salon with heat, central A/C, full bathroom, and kitchenette; Two spacious 3‑bedroom apartments on the 2nd and 3rd floors with tankless heating and separate utilities
