Two-Family Residential Income
74 California St Fall River, MA 02723
New
74 California St, Fall River, MA, 02723
$720,000
For Sale
$720,000
MULTI_FAMILY - Fall River, MA
Property Size2,391 SF
Lot Size0.14 Acres
Price / SF$301.13
Days on Market3
Property Features for 74 California St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- S
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 1, Bedroom 6, Bedroom 4, Bathroom 2, Bedroom 5, Bedroom 3, Bathroom 1
- Parking
- 8
- Standard status
- Active
- APN
- M:0J08 B:0000 L:0017,2828967
- Size
- 2,391 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4839
Building Details
- Year built
- 1925
- Floors in Building
- 2
- Number of units
- 2
Listing Agency
RE/MAX Vantage
(774) 992-0297
77 State Road, Boston, MA
Listed by
Eddie Lopez
(508) 999-4424
Added: Jul 15 Checked: Jul 17 at 4:06 am
MLS# 73550010
Listing URL
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.
Investment Insights
Based on property information with market context.
This two-family residential income property is described as meticulously maintained and pride of ownership is evident throughout. The home includes a spacious driveway and a detached garage, along with extensively updated second and third levels. A finished third floor provides additional rooms and flexible living space. The first-floor tenant-at-will is scheduled to vacate at the end of August, and the property may be delivered fully vacant depending on the closing date, while the second and third floors will be delivered vacant.
The property is located at 74 California St in Fall River, Massachusetts. The listing is positioned for move-in readiness, with interiors and exteriors described as well cared for.
The property is located at 74 California St in Fall River, Massachusetts. The listing is positioned for move-in readiness, with interiors and exteriors described as well cared for.
Key Highlights
- Two‑family home built in 1925 with updated second and third levels
- Finished third floor adds additional rooms and flexible living space
- Owner‑occupied and meticulously maintained with beautifully maintained interior and exterior
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.0k | $27.60 |
| − Vacancy | −$4.9k | −$2.07 |
| EGI | $61.0k | $25.53 |
| − OpEx | −$18.3k | −$7.66 |
| NOI | $42.7k | $17.87 |
2,391 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$610.4K
$534.1K – $712.2K
NOI $42,730 @ 7.0% cap · market cap 5.93%
Second Best
Apartment 5plus
$567.3K
$496.4K – $661.8K
NOI $39,710 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$1.46M
$1.27M – $1.70M
NOI $101,925 @ 7.0% cap · market cap 14.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Meticulously maintained two-family home with updated second and third floors plus a finished third floor.
Where is this duplex located?
The property is located at 74 California St Fall River, MA.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Two‑family home built in 1925 with updated second and third levels; Finished third floor adds additional rooms and flexible living space; Owner‑occupied and meticulously maintained with beautifully maintained interior and exterior
