Building Details

Year Built 1900

Buildings 1

Listing Agency: Citipoint Realty Services, LLC Show Phone

Listed By: Ola Oladoja Show Phone

Source: Lockandkeyre

Added: Aug 6 Changed: Oct 6 Last Checked: Oct 5 at 6:41PM

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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 Citipoint Realty Services, LLC

Investment Insights

Based on property information with market context.

This vacant duplex contains two residential units, each with 3 bedrooms and 1 bathroom. The 2,641-square-foot property includes a full walkout basement with additional storage, a third-floor open area, and separate gas and electric utilities for each unit. A detached two-car garage, off-street parking for multiple vehicles, and a fenced yard add practical site features.

Built in 1900, the property has a roof and two furnaces replaced in 2020. Located at 292 Tecumseh St in Fall River, Massachusetts, the home offers a two-family layout with existing improvements and flexible interior space.

Key Highlights

• Two residential units, each with 3 bedrooms and 1 bathroom
• 2,641 square feet on a 1900‑built property
• Roof and two furnaces replaced in 2020

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$47,197

Cap Rate

8.28%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$943,940 $943.9K

Cap Rate 7%

$674,243 $674.2K

Cap Rate 9%

$524,411 $524.4K

Market Conditions

NOI Build-Up for 2,641 SF

Gross rent

$72.9K $27.60/SF

− Vacancy

−$5.5K −$2.07/SF

EGI

$67.4K $25.53/SF

− OpEx

−$20.2K −$7.66/SF

NOI

$47.2K $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%

$943,940

Cap Rate 7%

$674,243

Cap Rate 9%

$524,411

Alternative Uses

Best Use

Multifamily LT 5

$674.2K

$590.0K – $786.6K (±1% cap)

NOI $47,197 @ 7.0% cap · market cap 8.28%

Second Best

Apartment 5plus

$626.6K

$548.3K – $731.0K (±1% cap)

NOI $43,862 @ 7.0% cap · market cap 7.70%

Theoretical Best

Office A

$1.61M

$1.41M – $1.88M (±1% cap)

NOI $112,583 @ 7.0% cap · market cap 19.75%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Daycare Center (Bike/Boat/Book/etc) Store Butcher Pet Grooming Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

1,571

Businesses Nearby

Explore this area Business Placement

Demographics for 02721, MA

28,075

Population

12,358

Households

2.3

Avg Household Size

38

Median Age

15%

College-Educated

73%

High-School Grad

4.0 sq mi

ZIP Area

7,019

Density / Sq Mi

$50,666

Median Household Income

$40,315

Median Earnings

$1,010

Median Rent

$362,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Vacant two-family property with separate gas and electric utilities, off-street parking, and a fenced yard.

Where is this duplex located?

The property is located at 292 Tecumseh St Fall River, MA.

What is the asking price?

The asking price for this property is $569,900.

What are key features of this property?

This property features: Two residential units, each with 3 bedrooms and 1 bathroom; 2,641 square feet on a 1900‑built property; Roof and two furnaces replaced in 2020