Renovated Two-Family
45 Lafayette Street Fall River, MA 02723
45 Lafayette Street, Fall River, MA, 02723
$610,000
For Sale
$610,000
Updated two-unit home with private driveway, generous yard, and modernized kitchens and baths.
Property Size1,896 SF
Price / SF$321.73
Days on Market50
Property Features for 45 Lafayette Street
General Information
- Standard status
- Active
- Size
- 1,896 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1925
Listing agency
eXp Realty LLC
(888) 854-7493
Listed by
Marlene Batista · License #9583660
(888) 854-7493
Source
Compass
Added: Jun 2 Updated: Jul 21 at 3:23AM Checked: Jul 21 at 3:23AM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This beautifully renovated two-family residence features extensive improvements throughout, including a new roof, windows, siding, plumbing, kitchens, bathrooms, and flooring. The first-floor unit includes 2 bedrooms and 1 full bath, along with a remodeled kitchen and bathroom, hardwood floors, and forced hot air heating. The second-floor unit offers 2 bedrooms and 1 full bath, a spacious modern kitchen with quartz countertops and stainless steel appliances, an updated bathroom, and an energy-efficient mini-split heating and cooling system.
The exterior is designed for low maintenance and includes a private driveway and a generous yard with privacy features. The property is described as conveniently located near shopping, dining, schools, and major routes.
Both units are presented as move-in ready with modern updates, supporting owner-occupancy or rental use as part of a turnkey multi-family setup.
The exterior is designed for low maintenance and includes a private driveway and a generous yard with privacy features. The property is described as conveniently located near shopping, dining, schools, and major routes.
Both units are presented as move-in ready with modern updates, supporting owner-occupancy or rental use as part of a turnkey multi-family setup.
Key Highlights
- Renovated two‑family home built in 1925 with updated kitchens and bathrooms across both units
- First‑floor unit: 2 bedrooms, 1 full bath, remodeled kitchen and bathroom, hardwood floors, forced hot air heating
- Second‑floor unit: 2 bedrooms, 1 full bath, modern kitchen with quartz countertops and stainless steel appliances, updated bathroom, energy‑efficient mini‑split heating and cooling
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 | $52.3k | $27.60 |
| − Vacancy | −$3.9k | −$2.07 |
| EGI | $48.4k | $25.53 |
| − OpEx | −$14.5k | −$7.66 |
| NOI | $33.9k | $17.87 |
1,896 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$484.0K
$423.5K – $564.7K
NOI $33,883 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$449.8K
$393.6K – $524.8K
NOI $31,489 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$1.15M
$1.01M – $1.35M
NOI $80,824 @ 7.0% cap · market cap 13.25%
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 - Updated two-unit home with private driveway, generous yard, and modernized kitchens and baths.
Where is this duplex located?
The property is located at 45 Lafayette Street Fall River, MA.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: Renovated two‑family home built in 1925 with updated kitchens and bathrooms across both units; First‑floor unit: 2 bedrooms, 1 full bath, remodeled kitchen and bathroom, hardwood floors, forced hot air heating; Second‑floor unit: 2 bedrooms, 1 full bath, modern kitchen with quartz countertops and stainless steel appliances, updated bathroom, energy‑efficient mini‑split heating and cooling
