Two-Family Duplex with
For Sale
$555,000
407-409 Belmont St, Fall River, MA 02720
Residential Income, Fall River, MA
Property Size2,968 SF
Lot Size0.17 Acres
Price / SF$186.99
Days on Market62
Property Features for 407-409 Belmont St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-4
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 6
Parking
2
Directions
GPS
Standard status
Active
Size
2,968 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6302
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Listing Agency:
Keller Williams Realty North Central
(978) 840-9000
Listed By:
Rochelle Jonswold
(978) 860-3609
Added: Aug 5
Changed: Sep 21
Last Checked: Oct 5 at 2:06PM
MLS# 73559350
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-family duplex contains 2,968 square feet across two residential units, with hardwood flooring, oversized double parlors, and high ceilings in each unit. Separate utilities provide independent service, while a full basement adds storage capacity. The property also includes a two-car garage and occupies a 0.1662-acre lot. Built in 1900, it is zoned R-4.
Located at 407-409 Belmont St in Fall River, the property sits one block from the Highlands area. The two-unit configuration, separate utilities, basement, and garage provide a practical setup for residential occupancy and rental use.
Located at 407-409 Belmont St in Fall River, the property sits one block from the Highlands area. The two-unit configuration, separate utilities, basement, and garage provide a practical setup for residential occupancy and rental use.
Key Highlights
- Two‑family duplex with 2,968 square feet
- Each unit includes hardwood floors, oversized double parlors, and high ceilings
- Separate utilities serve the two residential units
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
Check the figures for this property
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 - Separate utilities support distinct operation for both residential units.
Where is this duplex located?
The property is located at 407-409 Belmont St 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: Two‑family duplex with 2,968 square feet; Each unit includes hardwood floors, oversized double parlors, and high ceilings; Separate utilities serve the two residential units
