Vacant Two-Family
For Sale
$499,900
Pending
650 Third, Fall River, MA 02721
Updated interiors, off-street parking, and flexible occupancy options support immediate residential use or leasing.
Property Size2,081 SF
Days on Market27
Property Features for 650 Third
General Information
Standard status
Pending
Size
2,081 SF
Property subtype
2 Family - 2 Units Up/Down
Additional Details
Multifamily Units
2
Building Details
Year Built
1900
Listing Agency:
RE/MAX Vantage
(774) 992-0297
Listed By:
Team ROSO
(508) 951-4104
Source:
Lockandkeyre
Added: Sep 9
Changed: Oct 4
Last Checked: Oct 4 at 10:05AM
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 RE/MAX Vantage
Investment Insights
Based on property information with market context.
This 2,081-square-foot duplex, built in 1900, is delivered vacant in both units. The first-floor residence has new flooring, a new kitchen, and a new bathroom. The upper residence occupies two floors and includes two bathrooms, new mini-split systems, and hookups for in-unit laundry.
A roof approximately two years old adds a recent major improvement, while off-street parking serves the property. With both residences available at closing, the layout supports an owner-occupant arrangement or separate rental use without requiring an existing tenancy to be transitioned.
A roof approximately two years old adds a recent major improvement, while off-street parking serves the property. With both residences available at closing, the layout supports an owner-occupant arrangement or separate rental use without requiring an existing tenancy to be transitioned.
Key Highlights
- 2,081 SF duplex with both units delivered vacant
- First‑floor unit updated with new flooring, kitchen, and bathroom
- Two‑floor second unit includes two bathrooms and in‑unit laundry hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,190
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$743,800
$743.8K
Cap Rate 7%
$531,286
$531.3K
Cap Rate 9%
$413,222
$413.2K
Market Conditions
NOI Build-Up for 2,081 SF
Gross rent
$57.4K $27.60/SF
− Vacancy
−$4.3K −$2.07/SF
EGI
$53.1K $25.53/SF
− OpEx
−$15.9K −$7.66/SF
NOI
$37.2K $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%
$743,800
Cap Rate 7%
$531,286
Cap Rate 9%
$413,222
Alternative Uses
Best Use
Multifamily LT 5
$531.3K
$464.9K – $619.8K
NOI $37,190 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$493.7K
$432.0K – $576.0K
NOI $34,562 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,711 @ 7.0% cap · market cap 17.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,396
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 - Updated interiors, off-street parking, and flexible occupancy options support immediate residential use or leasing.
Where is this duplex located?
The property is located at 650 Third Fall River, MA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 2,081 SF duplex with both units delivered vacant; First‑floor unit updated with new flooring, kitchen, and bathroom; Two‑floor second unit includes two bathrooms and in‑unit laundry hookups
