Two-Family Duplex with Water
New
For Sale
$424,900
30 Riverview Street, Fall River, MA 02724
The second residence is townhouse-style, with a deck reached from the kitchen.
Property Size1,571 SF
Price / SF$270.46
Days on Market7
Property Features for 30 Riverview Street
General Information
Standard status
Active
Size
1,571 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Building Details
Year Built
1925
Listing Agency:
Prime Real Estate
Listed By:
Carl J. Conforti
(508) 678-0800
Source:
Jbarrettrealty
Added: Oct 14
Changed: Oct 19
Last Checked: Oct 19 at 7:14AM
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 Prime Real Estate
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Investment Insights
Based on property information with market context.
Built in 1925, this 1,571-square-foot duplex contains two residences, including a townhouse-style unit with a deck overlooking the water. The property also has a yard and off-street parking that can be expanded. Building updates include a newer roof, gas hot water tanks, and updated electrical service.
Located at 30 Riverview St in Fall River, the property offers a water view.
Located at 30 Riverview St in Fall River, the property offers a water view.
Key Highlights
- Two‑family duplex with 1,571 square feet
- Townhouse‑style second unit with a water‑facing deck off the kitchen
- Newer roof, gas hot water tanks, and updated electric
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,075
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,500
$561.5K
Cap Rate 7%
$401,071
$401.1K
Cap Rate 9%
$311,944
$311.9K
Market Conditions
NOI Build-Up for 1,571 SF
Gross rent
$43.4K $27.60/SF
− Vacancy
−$3.3K −$2.07/SF
EGI
$40.1K $25.53/SF
− OpEx
−$12.0K −$7.66/SF
NOI
$28.1K $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%
$561,500
Cap Rate 7%
$401,071
Cap Rate 9%
$311,944
Alternative Uses
Best Use
Multifamily LT 5
$401.1K
$350.9K – $467.9K
NOI $28,075 @ 7.0% cap · market cap 6.61%
Second Best
Apartment 5plus
$372.7K
$326.2K – $434.9K
NOI $26,092 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$956.7K
$837.1K – $1.12M
NOI $66,970 @ 7.0% cap · market cap 15.76%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
246
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The second residence is townhouse-style, with a deck reached from the kitchen.
Where is this duplex located?
The property is located at 30 Riverview Street Fall River, MA.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: Two‑family duplex with 1,571 square feet; Townhouse‑style second unit with a water‑facing deck off the kitchen; Newer roof, gas hot water tanks, and updated electric
