Renovated Multi-Family with
For Sale
$719,000
435-437 Stetson St, Fall River, MA 02720
Fully renovated two-family with a legal ADU, delivered vacant on the first floor and ADU, plus off-street parking.
Property Size3,036 SF
Price / SF$236.82
Days on Market27
Property Features for 435-437 Stetson St
General Information
Standard status
Active
Size
3,036 SF
Property subtype
3 Family
Additional Details
Highway Access
Yes
Multifamily Units
3
Building Details
Year Built
1920
Listing Agency:
Keller Williams South Watuppa
(401) 648-1692
Listed By:
The Vision Group
(401) 648-1692
Source:
Lockandkeyre
Added: Jul 5
Changed: Jul 26
Last Checked: Jul 31 at 5:49AM
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 fully renovated, move-in ready two-family home includes two open-concept 3-bedroom units and a legal accessory dwelling unit (ADU) for additional living or rental flexibility. The first floor and the ADU will be delivered vacant. Exterior updates include classic cedar shingle siding, new roofs on the main home and detached garage, and updated electrical service.
The property features ample off-street parking and a spacious two-car garage. It is located in Fall River’s Upper Highlands neighborhood with convenient access to major highways, schools, and everyday amenities.
Overall, the home presents a turnkey multi-family configuration with three separate living units’ worth of layout and modern improvements.
The property features ample off-street parking and a spacious two-car garage. It is located in Fall River’s Upper Highlands neighborhood with convenient access to major highways, schools, and everyday amenities.
Overall, the home presents a turnkey multi-family configuration with three separate living units’ worth of layout and modern improvements.
Key Highlights
- Fully renovated 2‑family home with a legal ADU (3‑unit feel) in Fall River’s Upper Highlands neighborhood
- Two spacious, open‑concept 3‑bedroom units
- Legal ADU offers flexible rental or multi‑generational living use
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 | $83.8k | $27.60 |
| − Vacancy | −$6.3k | −$2.07 |
| EGI | $77.5k | $25.53 |
| − OpEx | −$23.3k | −$7.66 |
| NOI | $54.3k | $17.87 |
3,036 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$775.1K
$678.2K – $904.3K
NOI $54,256 @ 7.0% cap · market cap 7.55%
Second Best
Apartment 5plus
$720.3K
$630.3K – $840.4K
NOI $50,423 @ 7.0% cap · market cap 7.01%
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,421 @ 7.0% cap · market cap 18.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,372
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully renovated two-family with a legal ADU, delivered vacant on the first floor and ADU, plus off-street parking.
Where is this triplex located?
The property is located at 435-437 Stetson St Fall River, MA.
What is the asking price?
The asking price for this property is $719,000.
What are key features of this property?
This property features: Fully renovated 2‑family home with a legal ADU (3‑unit feel) in Fall River’s Upper Highlands neighborhood; Two spacious, open‑concept 3‑bedroom units; Legal ADU offers flexible rental or multi‑generational living use
