Two-Unit Three-Bedroom
51 Horton St, Fall River, MA 02723
For Sale
New
$599,900
Each residence has three bedrooms, with both homes scheduled for vacant delivery.
Property Size3,018 SF
Days on Market2
Property Features for 51 Horton St
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Utilities to Site
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Year Renovated
Stories
Units
Listing Agency:
Realty Executives Metro South
Listed By:
Michelle Nadeau
(508) 272-3194
Source:
Elliman
Added: Nov 12
Last Checked: Nov 12 at 2:23PM
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 Realty Executives Metro South
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Investment Insights
Based on property information with market context.
This duplex contains two three-bedroom residences. A full renovation was completed in 2008, including updates to the electrical, plumbing, heating, and windows. The hot water heaters were replaced in 2018 and 2023. The property was built in 1930 and is served by natural gas, municipal water, and sewer, with off-street parking available.
Both units are owner-occupied and will be delivered vacant. The property is in Fall River’s East End. Walk Score is 82, Bike Score is 59, and Transit Score is 32.
Both units are owner-occupied and will be delivered vacant. The property is in Fall River’s East End. Walk Score is 82, Bike Score is 59, and Transit Score is 32.
Key Highlights
- Two three‑bedroom units
- Remodeled in 2008, with newer electrical, plumbing, heating, and windows
- Hot water heaters replaced in 2018 and 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,935
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,078,700
$1.1M
Cap Rate 7%
$770,500
$770.5K
Cap Rate 9%
$599,278
$599.3K
Market Conditions
NOI Build-Up for 3,018 SF
Gross rent
$83.3K $27.60/SF
− Vacancy
−$6.2K −$2.07/SF
EGI
$77.0K $25.53/SF
− OpEx
−$23.1K −$7.66/SF
NOI
$53.9K $17.87/SF
Area
Bristol County, MA
Vacancy
7.50%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,078,700
Cap Rate 7%
$770,500
Cap Rate 9%
$599,278
Alternative Uses
Best Use
Multifamily LT 5
$770.5K
$674.2K – $898.9K
NOI $53,935 @ 7.0% cap · market cap 8.99%
Second Best
Apartment 5plus
$716.1K
$626.6K – $835.4K
NOI $50,124 @ 7.0% cap · market cap 8.36%
Theoretical Best
Office A
$1.84M
$1.61M – $2.14M
NOI $128,654 @ 7.0% cap · market cap 21.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
880
Businesses Nearby
Explore this area
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
$312,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Each residence has three bedrooms, with both homes scheduled for vacant delivery.
Where is this duplex located?
The property is located at 51 Horton St Fall River, MA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Two three‑bedroom units; Remodeled in 2008, with newer electrical, plumbing, heating, and windows; Hot water heaters replaced in 2018 and 2023
