This Property is No Longer Available
1498-1508 Pleasant Street, Fall River, MA 02723
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$1,200,000
Type: Mixed Use
Other (See Remarks)
12093 Bldg. SQFT
N/A Restrooms
Parking: N/A

Property Description

Fantastic Investment Opportunity! This exceptional 3 story mixed use property boasts (7) 2 Bedroom units, (1) 3 Bedroom unit and (3) street level Commercial units. All units are current and TAW, with the exception of (1) business unit still under lease. The most recent updates include Roof (2025), Electric (2021) and several Hot Water Heaters over the past 3 years. Separate Utilities. Landlord is responsible for Water and Sewer for all units and Hot Water in (6) of the apartments and (2) business units. These 11 Units are poised for future rent increases with room for maximizing profitability as rents are below market value. This property is perfect for any investor looking for long term growth. Don't miss the chance to own this unique property providing substantial income potential in a vibrant coastal community. Rent Roll and Income/Expense docs available upon request. Schedule a showing today!

Property Details tap to expand

Property Information

  • Type: Mixed Use
  • Location: Legal Non-Conforming
  • MLS ID#: 73459764

Financial

  • Gross Annual Expenses: 50935
  • Gross Annual Income: 114900
  • Net Operating Income: 60518
  • Lease Type: Other (See Remarks)

Building Information

  • Total SQFT: 12093

Construction & Utilities

  • Utilities: Natural Gas, Public Sewer, Public Water

Property History tap to expand

Date Event Price Price/Sq Ft Source
02/13/2026Canceled$1,200,000$99MLSPIN
02/12/2026Sold$1,100,786$91MLSPIN
12/24/2025Under Agreement$1,200,000$99MLSPIN
12/24/2025Under Agreement$1,200,000$99MLSPIN
12/10/2025Contingent$1,200,000$99MLSPIN
12/10/2025Contingent$1,200,000$99MLSPIN
12/08/2025Active$1,200,000$99MLSPIN
12/07/2025Active$1,200,000$99MLSPIN
12/04/2025New$1,200,000$99MLSPIN
12/03/2025New$1,200,000$99MLSPIN

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Seller's Representative: Dawn Gardner, Family First Realty
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-02-13 13:12:00

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