650 Third Fall River — Photo 1 of 39
$499,900
Investment Analysis — 650 Third
Fall River, MA 02721
Based on HUD Small Area Fair Market Rent for Providence-Fall River, RI-MA HUD Metro FMR Area, a 2-unit multi-family in 02721 carries an estimated $3,220/mo in gross rent — about a 5.01% cap rate and $25,041/yr in estimated NOI at the $499,900 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
3
SqFt
2,081
Style
2 Family - 2 Units Up/Down
Built
1900
Welcome to 650 Third St, a fully vacant two-family property offering an excellent opportunity for an owner-occupant or investor! The first-floor unit features new flooring, a brand-new kitchen, and a new bathroom, providing a fresh and inviting living space. The second unit spans two floors and offers two bathrooms, brand-new mini-split systems, and convenient in-unit laundry hookups. The roof is approximately two years old, adding peace of mind for the next owner. With both units delivered vacant, plenty of off-street parking, and strong potential for rental income, this property is ready for its next owner to make it their own. A great opportunity in Fall River with flexible options for investors or those looking to live in one unit while renting the other!
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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Listing Agent: Team Roso
Listing Office: RE/MAX Vantage
MLS® Number: 73574162
