Duplex with Additional
290 Rhode Island Avenue, Fall River, MA 02724
For Sale
$509,900
The first-floor residence is vacant, and both units have mini-split systems.
Property Size1,811 SF
Price / SF$281.56
Days on Market10
Property Features for 290 Rhode Island Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
separate structure
fence
solar panels
mini splits
Building Details
Year Built
Listing Agency:
Affordable Real Estate,Inc.
Listed By:
Danielle Soares
(508) 341-9426
Source:
Jbarrettrealty
Added: Oct 31
Changed: Nov 8
Last Checked: Nov 8 at 6:37AM
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 Affordable Real Estate,Inc.
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Investment Insights
Based on property information with market context.
This 1,811-square-foot duplex was built in 1930 and includes a separate structure. The first-floor unit is vacant. Both residential units have mini-split systems, and owner-owned solar panels are installed on the property.
Improvements made within the past three years include a new fence that provides privacy and encloses parking.
Improvements made within the past three years include a new fence that provides privacy and encloses parking.
Key Highlights
- 1,811‑square‑foot duplex built in 1930
- Separate structure on the property
- Vacant first‑floor unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,364
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$647,280
$647.3K
Cap Rate 7%
$462,343
$462.3K
Cap Rate 9%
$359,600
$359.6K
Market Conditions
NOI Build-Up for 1,811 SF
Gross rent
$50.0K $27.60/SF
− Vacancy
−$3.7K −$2.07/SF
EGI
$46.2K $25.53/SF
− OpEx
−$13.9K −$7.66/SF
NOI
$32.4K $17.87/SF
Area
Bristol County, MA
Vacancy
7.50%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$647,280
Cap Rate 7%
$462,343
Cap Rate 9%
$359,600
Alternative Uses
Best Use
Multifamily LT 5
$462.3K
$404.6K – $539.4K
NOI $32,364 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$429.7K
$376.0K – $501.3K
NOI $30,078 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$1.10M
$965.0K – $1.29M
NOI $77,201 @ 7.0% cap · market cap 15.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
808
Businesses Nearby
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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
$368,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Fall River, MA
Properties on Market for Duplexes in Fall River
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The first-floor residence is vacant, and both units have mini-split systems.
Where is this duplex located?
The property is located at 290 Rhode Island Avenue Fall River, MA.
What is the asking price?
The asking price for this property is $509,900.
What are key features of this property?
This property features: 1,811‑square‑foot duplex built in 1930; Separate structure on the property; Vacant first‑floor unit
