Two-Family Home with
For Sale
$555,000
407-409 Belmont Street, Fall River, MA 02720
Two units feature hardwood floors, high ceilings, and separate utilities.
Property Size2,968 SF
Price / SF$186.99
Days on Market78
Property Features for 407-409 Belmont Street
General Information
Standard status
Active
Size
2,968 SF
Total Parking Spaces
2
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Keller Williams Realty North Central
Listed By:
Jose Tineo
(978) 866-8567
Source:
Hammondre
Added: Jul 21
Changed: Oct 6
Last Checked: Oct 5 at 8:30PM
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 Realty North Central
Investment Insights
Based on property information with market context.
Built in 1900, this 2,968-square-foot duplex includes two residential units with hardwood flooring, high ceilings, and oversized double parlors. Separate utilities support distinct unit operations, while a full basement adds storage space. The property also includes a two-car garage.
The home is located at 407-409 Belmont St in Fall River, one block from the Highlands. Its two-family configuration, individual utilities, basement, and garage provide a practical layout for an owner-occupant or multifamily investor.
The home is located at 407-409 Belmont St in Fall River, one block from the Highlands. Its two-family configuration, individual utilities, basement, and garage provide a practical layout for an owner-occupant or multifamily investor.
Key Highlights
- 2,968‑square‑foot duplex built in 1900
- Two residential units with hardwood floors and oversized double parlors
- Separate utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,293
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$985,860
$985.9K
Cap Rate 7%
$704,186
$704.2K
Cap Rate 9%
$547,700
$547.7K
Market Conditions
NOI Build-Up for 2,968 SF
Gross rent
$96.2K $32.40/SF
− Vacancy
−$6.5K −$2.20/SF
EGI
$89.6K $30.20/SF
− OpEx
−$40.3K −$13.59/SF
NOI
$49.3K $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 Rate 5%
$985,860
Cap Rate 7%
$704,186
Cap Rate 9%
$547,700
Alternative Uses
Best Use
Multifamily LT 5
$757.7K
$663.0K – $884.0K
NOI $53,041 @ 7.0% cap · market cap 9.56%
Second Best
Apartment 5plus
$704.2K
$616.2K – $821.6K
NOI $49,293 @ 7.0% cap · market cap 8.88%
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,522 @ 7.0% cap · market cap 22.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,801
Businesses Nearby
Explore this area
Business Placement
Demographics for 02720, MA
31,209
Population
14,940
Households
2.1
Avg Household Size
41
Median Age
21%
College-Educated
81%
High-School Grad
13.2 sq mi
ZIP Area
2,364
Density / Sq Mi
$62,907
Median Household Income
$45,199
Median Earnings
$1,177
Median Rent
$361,800
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two units feature hardwood floors, high ceilings, and separate utilities.
Where is this duplex located?
The property is located at 407-409 Belmont Street Fall River, MA.
What is the asking price?
The asking price for this property is $555,000.
What are key features of this property?
This property features: 2,968‑square‑foot duplex built in 1900; Two residential units with hardwood floors and oversized double parlors; Separate utilities for each unit
