Updated Two-Family Home Near
40 Falmouth Street Attleboro, MA 02703
40 Falmouth Street, Attleboro, MA, 02703
$715,000
For Sale
$715,000
Spacious, updated two-family home near hospital and train station.
Property Size3,112 SF
Price / SF$229.76
Days on Market53
Property Features for 40 Falmouth Street
General Information
- Standard status
- Active
- Size
- 3,112 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1910
Listing Agency
Keller Williams South Watuppa
(508) 677-3233
Listed by
Maureen Fisher · License #9534437
(508) 677-3233
Source
Compass
Added: May 26 Checked: Jul 17 at 6:37 am
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 Keller Williams South Watuppa
Investment Insights
Based on property information with market context.
This updated two-family home offers comfort and convenience. Remodeled three years ago, each unit features bright, updated interiors with new flooring, modern kitchens with stainless steel appliances, and refreshed baths. The units include generous bedrooms, ample closet space, and large living and dining areas. The second-floor unit is townhouse style, offering 4 beds and 2 full baths. Ample off-street parking is available. The property is situated near a major hospital and within walking distance of the train station, making it suitable for commuters, medical professionals, and tenants seeking quick access to work and transit. The property is suitable for an owner-occupant looking to offset their mortgage or an investor seeking rental appeal. The owner unit will be vacant. The property size is 3112 square feet.
Key Highlights
- Prime location near a major hospital and within walking distance to the train station.
- Updated and remodeled 3 years ago, featuring modern kitchens with stainless steel appliances, new flooring, and refreshed baths.
- Two‑family home provides flexibility for owner‑occupancy with rental income potential.
Local Financial Insights For Multifamily LT 5
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 | $85.9k | $27.60 |
| − Vacancy | −$6.4k | −$2.07 |
| EGI | $79.4k | $25.53 |
| − OpEx | −$23.8k | −$7.66 |
| NOI | $55.6k | $17.87 |
3,112 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$794.5K
$695.2K – $926.9K
NOI $55,615 @ 7.0% cap · market cap 7.78%
Second Best
Apartment 5plus
$738.4K
$646.1K – $861.4K
NOI $51,685 @ 7.0% cap · market cap 7.23%
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,661 @ 7.0% cap · market cap 18.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Spacious, updated two-family home near hospital and train station.
Where is this duplex located?
The property is located at 40 Falmouth Street Attleboro, MA.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: Prime location near a major hospital and within walking distance to the train station.; Updated and remodeled 3 years ago, featuring modern kitchens with stainless steel appliances, new flooring, and refreshed baths.; Two‑family home provides flexibility for owner‑occupancy with rental income potential.
