Vacant Two-Family
For Sale
$499,900
Pending
650 Third, Fall River, MA 02721
Residential Income, Fall River, MA
Property Size2,081 SF
Lot Size0.11 Acres
Days on Market55
Property Features for 650 Third
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RES
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 5, Bedroom 4
Parking
4
Directions
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Standard status
Pending
Size
2,081 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4325
Amenities
in-unit laundry hookups
Building Details
Year built
1900
Floors in Building
3
Number of units
2
Listing Agency:
RE/MAX Vantage · RE/MAX International
(774) 992-0297
Listed By:
Eddie Lopez
(508) 999-4424
Added: Sep 9
Changed: Oct 26
Last Checked: Nov 2 at 10:06AM
MLS# 73574162
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-family duplex contains 2,081 square feet on a 0.1087-acre lot and was built in 1900. The first-floor residence has new flooring, a new kitchen, and a new bathroom. The second unit extends across two floors and includes two bathrooms, in-unit laundry hookups, and brand-new mini-split systems. Both residences are delivered vacant, allowing the next owner to occupy one unit, lease both, or configure the property according to their needs.
A roof approximately two years old adds a recent capital improvement. The property also provides off-street parking and is located at 650 Third, Fall River, MA 02721. Zoning is RES, and the layout includes five bedrooms and three bathrooms across the two units.
A roof approximately two years old adds a recent capital improvement. The property also provides off-street parking and is located at 650 Third, Fall River, MA 02721. Zoning is RES, and the layout includes five bedrooms and three bathrooms across the two units.
Key Highlights
- Two‑family duplex with 2,081 square feet
- Both units delivered vacant
- First‑floor unit includes new flooring, a new kitchen, and a new bathroom
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,396
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both units are vacant, with updated interiors, laundry hookups, and off-street parking.
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: Two‑family duplex with 2,081 square feet; Both units delivered vacant; First‑floor unit includes new flooring, a new kitchen, and a new bathroom
