Two-Family Duplex with Fenced
463 Oak Grove Avenue, Fall River, MA 02723
For Sale
New
$585,800
Separate first- and second-floor residences provide a combined five-bedroom, two-bathroom layout.
Property Size3,246 SF
Price / SF$180.47
Days on Market5
Property Features for 463 Oak Grove Avenue
General Information
Standard status
Size
Property subtype
Lease Term
Units
Unit Mix
Multifamily Units
Amenities
granite countertops
white shaker cabinetry
finished basement
laundry access
deck
fully fenced backyard
Building Details
Year Built
Listing Agency:
LPT Realty - Home & Key Group
Listed By:
Ashley Dusoe
(774) 301-4588
Source:
Cabotandcompany
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 6:50AM
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 LPT Realty - Home & Key Group
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Investment Insights
Based on property information with market context.
This 3,246-square-foot duplex, built in 1925, contains two residences totaling five bedrooms and two full bathrooms. The first-floor unit has three bedrooms, a full bathroom, a dining room, and an eat-in kitchen with granite countertops and white shaker cabinets. Finished basement space includes laundry access. The upper unit contains two bedrooms and one full bathroom.
A deck opens to a backyard enclosed by vinyl fencing, extending the property's outdoor area.
A deck opens to a backyard enclosed by vinyl fencing, extending the property's outdoor area.
Key Highlights
- Two residences with 5 bedrooms and 2 full bathrooms combined
- First‑floor unit includes 3 bedrooms, a dining room, and an eat‑in kitchen
- Kitchen features granite countertops and white shaker cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,910
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,078,200
$1.1M
Cap Rate 7%
$770,143
$770.1K
Cap Rate 9%
$599,000
$599.0K
Market Conditions
NOI Build-Up for 3,246 SF
Gross rent
$105.2K $32.40/SF
− Vacancy
−$7.2K −$2.20/SF
EGI
$98.0K $30.20/SF
− OpEx
−$44.1K −$13.59/SF
NOI
$53.9K $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%
$1,078,200
Cap Rate 7%
$770,143
Cap Rate 9%
$599,000
Alternative Uses
Best Use
Multifamily LT 5
$828.7K
$725.1K – $966.8K
NOI $58,009 @ 7.0% cap · market cap 9.90%
Second Best
Apartment 5plus
$770.1K
$673.9K – $898.5K
NOI $53,910 @ 7.0% cap · market cap 9.20%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,373 @ 7.0% cap · market cap 23.62%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
646
Businesses Nearby
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Business Placement
Demographics for 02723, MA
16,084
Population
7,976
Households
2
Avg Household Size
38
Median Age
13%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
10,053
Density / Sq Mi
$41,789
Median Household Income
$40,140
Median Earnings
$1,058
Median Rent
$312,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Fall River, MA
Properties on Market for Duplexes in Fall River
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate first- and second-floor residences provide a combined five-bedroom, two-bathroom layout.
Where is this duplex located?
The property is located at 463 Oak Grove Avenue Fall River, MA.
What is the asking price?
The asking price for this property is $585,800.
What are key features of this property?
This property features: Two residences with 5 bedrooms and 2 full bathrooms combined; First‑floor unit includes 3 bedrooms, a dining room, and an eat‑in kitchen; Kitchen features granite countertops and white shaker cabinetry
