Residential Income
61 Bridge St, Fairhaven, MA 02719
For Sale
$640,000
The building includes full-basement interior access, kitchen appliances, fenced outdoor space, and off-street parking.
Property Size1,800 SF
Price / SF$355.56
Days on Market70
Property Features for 61 Bridge St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Net Operating Income
Taxes and HOA fees
Annual Taxes
Amenities
Full, Interior Entry
Range, Microwave, Refrigerator, Gas Water Heater
Fenced
Paved, Off Street
Rain Gutters
Building Details
Building Size
Year Built
Stories
Listed By:
Alexander Machado · License MA #451502918
(508) 287-7092
Source:
Evrealestate
Added: Sep 1
Changed: Nov 8
Last Checked: Nov 8 at 6:21AM
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 Alexander Machado
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Investment Insights
Based on property information with market context.
This 1,800-square-foot residential income property was built in 1920 and is zoned RA. Interior features include a full basement with interior entry, along with a range, microwave, refrigerator, and gas water heater. Exterior improvements include fencing, rain gutters, and paved off-street parking.
Key Highlights
- 1,800 square feet of residential income property
- Built in 1920; zoned RA
- Full basement with interior entry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,895
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,900
$597.9K
Cap Rate 7%
$427,071
$427.1K
Cap Rate 9%
$332,167
$332.2K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$58.3K $32.40/SF
− Vacancy
−$4.0K −$2.20/SF
EGI
$54.4K $30.20/SF
− OpEx
−$24.5K −$13.59/SF
NOI
$29.9K $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%
$597,900
Cap Rate 7%
$427,071
Cap Rate 9%
$332,167
Alternative Uses
Best Use
Apartment 5plus
$427.1K
$373.7K – $498.3K
NOI $29,895 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$959.2K – $1.28M
NOI $76,732 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
497
Businesses Nearby
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Business Placement
Demographics for 02719, MA
15,924
Population
7,777
Households
2
Avg Household Size
49
Median Age
30%
College-Educated
92%
High-School Grad
12.4 sq mi
ZIP Area
1,284
Density / Sq Mi
$92,500
Median Household Income
$57,781
Median Earnings
$1,071
Median Rent
$407,300
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Bristol County, MA
Properties on Market for Residential income properties in Bristol County
Frequently Asked Questions
What type of property is this?
Residential income property - The building includes full-basement interior access, kitchen appliances, fenced outdoor space, and off-street parking.
Where is this residential income property located?
The property is located at 61 Bridge St Fairhaven, MA.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: 1,800 square feet of residential income property; Built in 1920; zoned RA; Full basement with interior entry
