Corner Two-Family
77 Langley Street Fall River, MA 02720
77 Langley Street, Fall River, MA, 02720
$550,000
For Sale
$550,000
Well-maintained two-family residence on a corner lot with hardwood flooring, off-street parking, and a detached garage.
Property Size2,200 SF
Price / SF$250
Days on Market52
Property Features for 77 Langley Street
General Information
- Standard status
- Active
- Size
- 2,200 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1900
Listing agency
Peak Real Estate
(774) 704-6877
Listed by
Christopher Mongeon · License #9581114
(774) 704-6877
Source
Compass
Added: Jun 1 Updated: Jul 22 at 5:32AM Checked: Jul 22 at 5:32AM
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 Peak Real Estate
Investment Insights
Based on property information with market context.
This well-maintained two-family home offers two separate units with hardwood flooring throughout. The property includes appliances in each unit, and a washer and dryer are located in the basement for everyday convenience. Additional storage is available between the basement and an expansive attic, supporting seasonal organization or other storage needs. Off-street parking accommodates multiple vehicles, and a detached garage provides extra storage space or a flexible area for a workshop.
Located in Fall River’s North End, the home sits on a corner lot, which adds privacy versus an interior placement.
Delivered completely vacant, the property is structured for straightforward occupancy with utilities and fixtures already in place.
Located in Fall River’s North End, the home sits on a corner lot, which adds privacy versus an interior placement.
Delivered completely vacant, the property is structured for straightforward occupancy with utilities and fixtures already in place.
Key Highlights
- Two‑family home in Fall River’s North End with 2 total baths
- Each unit features hardwood flooring throughout
- Property is delivered completely vacant
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 | $60.7k | $27.60 |
| − Vacancy | −$4.6k | −$2.07 |
| EGI | $56.2k | $25.53 |
| − OpEx | −$16.8k | −$7.66 |
| NOI | $39.3k | $17.87 |
2,200 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$561.7K
$491.5K – $655.3K
NOI $39,316 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$522.0K
$456.7K – $609.0K
NOI $36,538 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,783 @ 7.0% cap · market cap 17.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family residence on a corner lot with hardwood flooring, off-street parking, and a detached garage.
Where is this duplex located?
The property is located at 77 Langley Street Fall River, MA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two‑family home in Fall River’s North End with 2 total baths; Each unit features hardwood flooring throughout; Property is delivered completely vacant
