Renovated Duplex with Updated
For Sale
$594,900
529 Warren, Fall River, MA 02721
Two-family property with one occupied unit and a second unit ready for a new tenant.
Property Size2,744 SF
Price / SF$216.80
Days on Market194
Property Features for 529 Warren
General Information
Standard status
Active
Size
2,744 SF
Property subtype
Multi-Family
Zoning
R-4
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,125
Amenities
appliances
false
Carpet
Range, Dishwasher, Microwave, Refrigerator
Sunroom, Living Room, Kitchen, Mudroom
No
Public Transportation, Shopping, Park, Public School, T-Station
Building Details
Year Built
1921
Year Renovated
2020
Stories
3
Listing Agency:
Coldwell Banker Realty - Canton
Listed By:
Anthony Gebrael · License #9575861
(781) 821-2664
Source:
Arborviewrealtyinc
Added: Mar 26
Changed: Sep 26
Last Checked: Sep 22 at 6:20PM
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 Coldwell Banker Realty - Canton
Investment Insights
Based on property information with market context.
This two-family property contains 2,744 square feet and was renovated in 2020. The improvements include updated appliances and insulated windows, while the interior offers living rooms, kitchens, a sunroom, and mudrooms. The property also includes an unfinished basement with a sump pump.
One unit is occupied by a long-term tenant, and the other is ready for occupancy. The second unit includes 3 bedrooms, 1 bathroom, and four additional rooms that can serve as office, study, or storage areas. Located at 529 Warren Street in Fall River, the property is near shopping centers and public transportation and sits on a corner lot. R-4 zoning is supported by the property information.
One unit is occupied by a long-term tenant, and the other is ready for occupancy. The second unit includes 3 bedrooms, 1 bathroom, and four additional rooms that can serve as office, study, or storage areas. Located at 529 Warren Street in Fall River, the property is near shopping centers and public transportation and sits on a corner lot. R-4 zoning is supported by the property information.
Key Highlights
- 2,744‑square‑foot duplex on a corner lot
- Renovated in 2020 with updated appliances
- One unit occupied by a long‑term tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,038
Cap Rate
8.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$980,760
$980.8K
Cap Rate 7%
$700,543
$700.5K
Cap Rate 9%
$544,867
$544.9K
Market Conditions
NOI Build-Up for 2,744 SF
Gross rent
$75.7K $27.60/SF
− Vacancy
−$5.7K −$2.07/SF
EGI
$70.1K $25.53/SF
− OpEx
−$21.0K −$7.66/SF
NOI
$49.0K $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%
$980,760
Cap Rate 7%
$700,543
Cap Rate 9%
$544,867
Alternative Uses
Best Use
Multifamily LT 5
$700.5K
$613.0K – $817.3K
NOI $49,038 @ 7.0% cap · market cap 8.24%
Second Best
Apartment 5plus
$651.0K
$569.7K – $759.6K
NOI $45,573 @ 7.0% cap · market cap 7.66%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,973 @ 7.0% cap · market cap 19.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
902
Businesses Nearby
Explore this area
Business Placement
Demographics for 02721, MA
28,075
Population
12,358
Households
2.3
Avg Household Size
38
Median Age
15%
College-Educated
73%
High-School Grad
4.0 sq mi
ZIP Area
7,019
Density / Sq Mi
$50,666
Median Household Income
$40,315
Median Earnings
$1,010
Median Rent
$362,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with one occupied unit and a second unit ready for a new tenant.
Where is this duplex located?
The property is located at 529 Warren Fall River, MA.
What is the asking price?
The asking price for this property is $594,900.
What are key features of this property?
This property features: 2,744‑square‑foot duplex on a corner lot; Renovated in 2020 with updated appliances; One unit occupied by a long‑term tenant
