Two-Unit Duplex with Finished
696 Hood St, Fall River, MA 02720
For Sale
New
$749,000
Both residences offer three-bedroom layouts, while the first-floor home includes additional finished space below grade.
Property Size3,465 SF
Price / SF$216.16
Days on Market6
Property Features for 696 Hood St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
front porch
fenced backyard
covered entertaining area
solar panels
finished basement
mini-splits
Building Details
Year Built
Buildings
Listing Agency:
Keller Williams South Watuppa
(508) 677-3233
Listed By:
Heidi Lecomte
(508) 989-5326
Source:
Lockandkeyre
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 7:06AM
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 Keller Williams South Watuppa
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Investment Insights
Based on property information with market context.
Built in 1900, this Fall River duplex contains two three-bedroom residences. Each has a sizable kitchen, living room, and double parlor. The first-floor unit also has mini-split heating and cooling, plus a spiral stairway to a finished basement recreation area and bathroom. One of its bedrooms is currently used as a laundry room; the second-floor unit retains a traditional layout.
Improvements include a roof and vinyl siding installed in 2025, two boilers added in 2024, and gutter guards. Exterior amenities include a front porch, off-street parking, and a fenced backyard with a covered gathering area. Solar panels serve the first-floor residence and common areas under a Power Purchase Agreement that may be assumed with buyer approval. Both units are to be delivered vacant.
Improvements include a roof and vinyl siding installed in 2025, two boilers added in 2024, and gutter guards. Exterior amenities include a front porch, off-street parking, and a fenced backyard with a covered gathering area. Solar panels serve the first-floor residence and common areas under a Power Purchase Agreement that may be assumed with buyer approval. Both units are to be delivered vacant.
Key Highlights
- Two three‑bedroom units, both to be delivered vacant
- First‑floor unit includes finished basement recreation space and a bathroom
- Roof and vinyl siding installed in 2025; two boilers added in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,923
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,238,460
$1.2M
Cap Rate 7%
$884,614
$884.6K
Cap Rate 9%
$688,033
$688.0K
Market Conditions
NOI Build-Up for 3,465 SF
Gross rent
$95.6K $27.60/SF
− Vacancy
−$7.2K −$2.07/SF
EGI
$88.5K $25.53/SF
− OpEx
−$26.5K −$7.66/SF
NOI
$61.9K $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%
$1,238,460
Cap Rate 7%
$884,614
Cap Rate 9%
$688,033
Alternative Uses
Best Use
Multifamily LT 5
$884.6K
$774.0K – $1.03M
NOI $61,923 @ 7.0% cap · market cap 8.27%
Second Best
Apartment 5plus
$822.1K
$719.4K – $959.1K
NOI $57,548 @ 7.0% cap · market cap 7.68%
Theoretical Best
Office A
$2.11M
$1.85M – $2.46M
NOI $147,709 @ 7.0% cap · market cap 19.72%
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
1,327
Businesses Nearby
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Business Placement
Demographics for 02720, MA
31,209
Population
14,940
Households
2.1
Avg Household Size
41
Median Age
21%
College-Educated
81%
High-School Grad
13.2 sq mi
ZIP Area
2,364
Density / Sq Mi
$62,907
Median Household Income
$45,199
Median Earnings
$1,177
Median Rent
$361,800
Median Home Value
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Market
Average Price Trend$/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 - Both residences offer three-bedroom layouts, while the first-floor home includes additional finished space below grade.
Where is this duplex located?
The property is located at 696 Hood St Fall River, MA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Two three‑bedroom units, both to be delivered vacant; First‑floor unit includes finished basement recreation space and a bathroom; Roof and vinyl siding installed in 2025; two boilers added in 2024
