301-317 Fourth Street, Fall River, MA 02721
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$1,500,000
12 Unit
14 Beds
12 Baths
4325 SQFT
0.16 Acre

Property Description

Incredible Investment Opportunity: Best Priced 12 Units in Fall River! Don't miss out on this amazing opportunity to own the best-priced 12-unit property in Fall River! Located just minutes from the newly opened train station, this property offers tremendous earning potential in a rapidly developing area. Currently generating $14,000 per month in rental income with some rents significantly under market value, there’s great opportunity to increase cash flow. The 12 well-maintained units are poised for future rent increases, maximizing your return on investment. Additionally, the property includes a 2,332 SQFT parking lot with space for up to 8 cars, providing extra income potential. With a prime location near commuter rail access and significant upside potential, this property is perfect for any investor looking for long-term growth. Don’t wait—schedule a showing today!

Property Details tap to expand

Building Information

  • Total Units: 12
  • Total Floors: 9
  • Total Bedrooms: 14
  • Total Full Baths: 12
  • Amenities: Bike Path, Highway Access, House of Worship, Laundromat, Medical Facility, Other (See Remarks), Park, Private School, Public School, Public Transportation, Shopping, T-Station, University, Walk/Jog Trails
  • Basement Features: Full

Financial

  • APOD Available: No
  • Expenses Source: Other (See Remarks), Owner Provided
  • Gross Operating Income: 171000
  • Gross Expenses: 35905
  • GSE: 6889
  • Water/Sewer: 6389
  • INSC: 8235
  • RFS: 1100
  • Miscellaneous Expense: 2000
  • Net Operating Income: 135095

Utilities

  • Electric Info: 110 Volts, On-Site, Other (See Remarks)
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Concrete Block, Other (See Remarks), Poured Concrete
  • Roof Material: Other (See Remarks)
  • Flooring Type: Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73350103
  • Last Updated: 03/26/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
03/26/2025New$1,500,000$347MLSPIN

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Seller's Representative: Zachary Conley, NextGen Realty, Inc.
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 2025-03-26 01:09:00