Renovated Duplex with
97 Center St, Fairhaven, MA 02719
For Sale
New
$569,900
A refreshed first-floor residence and generous backyard add practical appeal to this two-unit property.
Property Size1,982 SF
Days on Market6
Property Features for 97 Center St
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
backyard
Building Details
Building Size
Year Built
Listing Agency:
RE/MAX Vantage
Listed By:
Fabio Bicho
(774) 305-5820
Source:
Allisonmazer
Added: Nov 4
Changed: Nov 9
Last Checked: Nov 8 at 3:38PM
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 RE/MAX Vantage
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Investment Insights
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This duplex contains two units, including a renovated first-floor residence with updated interiors. The property was built in 1920 and has 1,982 square feet of building area. RA zoning is also reported for the site.
A generously sized backyard provides outdoor space for recreation or gatherings. The property is located in Fairhaven, Massachusetts, at 97 Center St.
A generously sized backyard provides outdoor space for recreation or gatherings. The property is located in Fairhaven, Massachusetts, at 97 Center St.
Key Highlights
- Two‑unit duplex with 1,982 square feet of building area
- Renovated first‑floor unit with updated interiors
- Generously sized backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,420
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$708,400
$708.4K
Cap Rate 7%
$506,000
$506.0K
Cap Rate 9%
$393,556
$393.6K
Market Conditions
NOI Build-Up for 1,982 SF
Gross rent
$54.7K $27.60/SF
− Vacancy
−$4.1K −$2.07/SF
EGI
$50.6K $25.53/SF
− OpEx
−$15.2K −$7.66/SF
NOI
$35.4K $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%
$708,400
Cap Rate 7%
$506,000
Cap Rate 9%
$393,556
Alternative Uses
Best Use
Multifamily LT 5
$506.0K
$442.8K – $590.3K
NOI $35,420 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$470.3K
$411.5K – $548.6K
NOI $32,918 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,490 @ 7.0% cap · market cap 14.83%
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
563
Businesses Nearby
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Business Placement
Demographics for 02719, MA
15,924
Population
7,777
Households
2
Avg Household Size
49
Median Age
30%
College-Educated
92%
High-School Grad
12.4 sq mi
ZIP Area
1,284
Density / Sq Mi
$92,500
Median Household Income
$57,781
Median Earnings
$1,071
Median Rent
$407,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Bristol County, MA
Properties on Market for Duplexes in Bristol County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A refreshed first-floor residence and generous backyard add practical appeal to this two-unit property.
Where is this duplex located?
The property is located at 97 Center St Fairhaven, MA.
What is the asking price?
The asking price for this property is $569,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,982 square feet of building area; Renovated first‑floor unit with updated interiors; Generously sized backyard
