Renovated Duplex with Two 3BR
89 Oak Street Fall River, MA 02720
89 Oak Street, Fall River, MA, 02720
$439,900
For Sale
$439,900
Renovated duplex offers two fully equipped three-bedroom units with updated systems and low-maintenance vinyl exterior.
Property Size1,594 SF
Price / SF$275.97
Days on Market93
Property Features for 89 Oak Street
General Information
- Standard status
- Active
- Size
- 1,594 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1921
Listing agency
Redlon Realty LLC
Listed by
Adam Walorz
(781) 635-9022
Source
Lindorealtygroup
Added: Apr 21 Updated: Jul 10 at 2:10PM Checked: Jul 21 at 9:01AM
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 Redlon Realty LLC
Investment Insights
Based on property information with market context.
This renovated duplex in Fall River features two separate, well-maintained apartment units, each laid out as a 3-bedroom home. The property includes newer appliances, with a set described as one year old, and updated kitchen and bathroom components, including both kitchens less than five years old and both bathrooms less than two years old. Additional improvements include updated electrical, a newer on-demand hot water system, and new doors and windows throughout. Interior finishes have been refreshed with refinished floors, and the exterior is fully vinyl sided for reduced maintenance.
The property is presented as a two-family residential income option with convenient access to shopping, dining, and highway access, according to the available remarks. Its setting on Oak Street supports straightforward day-to-day access for tenants.
For buyers seeking a duplex with consistent unit sizing, this configuration provides two 3-bedroom apartments with “fully applianced” layouts as described, making the homes straightforward to lease as furnished-by-appliance residences. The renovation and systems updates highlighted in the remarks can also reduce near-term capital concerns for an owner-occupant or investor looking to manage the property with less ongoing work.
The property is presented as a two-family residential income option with convenient access to shopping, dining, and highway access, according to the available remarks. Its setting on Oak Street supports straightforward day-to-day access for tenants.
For buyers seeking a duplex with consistent unit sizing, this configuration provides two 3-bedroom apartments with “fully applianced” layouts as described, making the homes straightforward to lease as furnished-by-appliance residences. The renovation and systems updates highlighted in the remarks can also reduce near-term capital concerns for an owner-occupant or investor looking to manage the property with less ongoing work.
Key Highlights
- Renovated duplex built in 1921 with two 3‑bedroom apartments
- 1‑year‑old appliances and fully equipped units with fridge, stove, washer, and dryer
- Both kitchens are less than 5 years old
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 | $44.0k | $27.60 |
| − Vacancy | −$3.3k | −$2.07 |
| EGI | $40.7k | $25.53 |
| − OpEx | −$12.2k | −$7.66 |
| NOI | $28.5k | $17.87 |
1,594 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$406.9K
$356.1K – $474.8K
NOI $28,486 @ 7.0% cap · market cap 6.48%
Second Best
Apartment 5plus
$378.2K
$330.9K – $441.2K
NOI $26,474 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$970.7K
$849.4K – $1.13M
NOI $67,950 @ 7.0% cap · market cap 15.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Renovated duplex offers two fully equipped three-bedroom units with updated systems and low-maintenance vinyl exterior.
Where is this duplex located?
The property is located at 89 Oak Street Fall River, MA.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: Renovated duplex built in 1921 with two 3‑bedroom apartments; 1‑year‑old appliances and fully equipped units with fridge, stove, washer, and dryer; Both kitchens are less than 5 years old
