Three-Story Duplex with
New
For Sale
$438,000
Pending
340 Fountain St, Fall River, MA 02721
Both units are scheduled for vacant delivery at closing.
Property Size2,279 SF
Days on Market7
Property Features for 340 Fountain St
General Information
Standard status
Pending
Size
2,279 SF
Property subtype
Multi Family Home
Zoning
A-2
Units
Unit Mix
1 x 4BR, 1 x 1BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,044
Amenities
basement
porch
Building Details
Building Size
2,279 SF
Year Built
1900
Buildings
1
Stories
3
Units
2
Listing Agency:
Dan Quintal Real Estate
(774) 248-5252
Listed By:
Daniel Quintal · License #450550781
(774) 248-5252
Source:
Startpoint
Added: Aug 6
Changed: Aug 7
Last Checked: Aug 7 at 2:36AM
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 Dan Quintal Real Estate
Investment Insights
Based on property information with market context.
This duplex offers 2,279 square feet of living area across three stories, with a four-bedroom unit and a separate one-bedroom unit. Both residences are expected to be vacant at closing, allowing the next owner to take possession without an existing occupant arrangement.
A basement provides additional storage or adaptable interior space, while the front porch adds usable exterior area. Built in 1900 and designated A-2, the property combines a two-unit configuration with a practical multi-level layout.
A basement provides additional storage or adaptable interior space, while the front porch adds usable exterior area. Built in 1900 and designated A-2, the property combines a two-unit configuration with a practical multi-level layout.
Key Highlights
- 2,279 square feet of living area across three stories
- Four‑bedroom unit paired with a one‑bedroom unit
- Both units delivered vacant at closing
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,850
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$757,000
$757.0K
Cap Rate 7%
$540,714
$540.7K
Cap Rate 9%
$420,556
$420.6K
Market Conditions
NOI Build-Up for 2,279 SF
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.
Gross rent
$73.8K $32.40/SF
− Vacancy
−$5.0K −$2.20/SF
EGI
$68.8K $30.20/SF
− OpEx
−$31.0K −$13.59/SF
NOI
$37.9K $16.61/SF
Area
Bristol County, MA
Vacancy
6.80%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$757,000
Cap Rate 7%
$540,714
Cap Rate 9%
$420,556
Alternative Uses
Best Use
Multifamily LT 5
$581.8K
$509.1K – $678.8K
NOI $40,728 @ 7.0% cap · market cap 9.30%
Second Best
Apartment 5plus
$540.7K
$473.1K – $630.8K
NOI $37,850 @ 7.0% cap · market cap 8.64%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,151 @ 7.0% cap · market cap 22.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,000
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both units are scheduled for vacant delivery at closing.
Where is this duplex located?
The property is located at 340 Fountain St Fall River, MA.
What is the asking price?
The asking price for this property is $438,000.
What are key features of this property?
This property features: 2,279 square feet of living area across three stories; Four‑bedroom unit paired with a one‑bedroom unit; Both units delivered vacant at closing
