Two-Unit Residential Income
45-47 Shawmut Street Fall River, MA 02720
45-47 Shawmut Street, Fall River, MA, 02720
$659,900
Pending
For Sale
$659,900
Pending
Two updated 3-bedroom units with off-street parking, a detached garage, and a large backyard.
Property Size2,760 SF
Days on Market176
Property Features for 45-47 Shawmut Street
General Information
- Standard status
- Pending
- Size
- 2,760 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1900
Listing agency
Right Realty, Inc.
(407) 692-1142
Listed by
Iva Andrade · License #9534412
(407) 692-1142
Source
Compass
Added: Jan 27 Updated: Jul 21 at 2:58PM Checked: Jul 21 at 2:58PM
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 Right Realty, Inc.
Investment Insights
Based on property information with market context.
This two-family property features two spacious 3-bedroom units, with one unit on each floor. The first-floor unit includes an open-concept layout and hardwood floors, along with an updated kitchen and bathroom with quartz countertops. Stainless steel appliances, LED lighting, and other upgrades are also noted. The second-floor unit has been updated with a newer kitchen and bathroom, hardwood floors, fresh paint, and updated appliances.
The property offers ample off-street parking and a detached garage. Additional improvements include an above-ground pool and a generously sized backyard. The location is described as convenient to local amenities, with easy access to Route 24.
As presented, the building provides a move-in-ready configuration for both owner-occupants and investors, supported by recent unit updates and strong live-outdoor space.
The property offers ample off-street parking and a detached garage. Additional improvements include an above-ground pool and a generously sized backyard. The location is described as convenient to local amenities, with easy access to Route 24.
As presented, the building provides a move-in-ready configuration for both owner-occupants and investors, supported by recent unit updates and strong live-outdoor space.
Key Highlights
- Two‑family property with two 3‑bedroom units (one on each floor) and a total of 2 full baths
- Hardwood and tile flooring, plus insulated windows throughout
- Updated kitchens and bathrooms: quartz countertops and stainless appliances in the first‑floor unit; updated kitchen and bath in the second‑floor unit
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 | $76.2k | $27.60 |
| − Vacancy | −$5.7k | −$2.07 |
| EGI | $70.5k | $25.53 |
| − OpEx | −$21.1k | −$7.66 |
| NOI | $49.3k | $17.87 |
2,760 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$704.6K
$616.6K – $822.1K
NOI $49,324 @ 7.0% cap · market cap 7.47%
Second Best
Apartment 5plus
$654.8K
$573.0K – $764.0K
NOI $45,839 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,655 @ 7.0% cap · market cap 17.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two updated 3-bedroom units with off-street parking, a detached garage, and a large backyard.
Where is this duplex located?
The property is located at 45-47 Shawmut Street Fall River, MA.
What is the asking price?
The asking price for this property is $659,900.
What are key features of this property?
This property features: Two‑family property with two 3‑bedroom units (one on each floor) and a total of 2 full baths; Hardwood and tile flooring, plus insulated windows throughout; Updated kitchens and bathrooms: quartz countertops and stainless appliances in the first‑floor unit; updated kitchen and bath in the second‑floor unit
