40 Falmouth Street Attleboro, MA 02703
Spacious, updated two-family home near hospital and train station.
- Added:
- May 26, 2026
- Days on Market:
- 49
- Last Refresh:
- May 27 at 8:17 am
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 office Keller Williams South Watuppa (508) 677-3233
Listing date May 26, 2026
Source Compass
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Investment Insights
Based on property information with market context.
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 |
