305 Fourth Street, Fall River, MA 02721
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$799,000
6 Unit
8 Beds
6 Baths
4325 SQFT
0.11 Acre

Property Description

Incredible Investment Opportunity: Best Priced 6-Family in Fall River! Don’t miss out on this fantastic opportunity to own the best-priced 6-family property in Fall River! Located just minutes from the newly opened train station, this property offers excellent earning potential in a rapidly growing area. Currently generating just under $90,000 per year in rental income, with rents well below market value, there’s significant opportunity to increase cash flow. The 6 well-maintained units are ideal 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, offering even more income potential. With its prime location near commuter rail access and impressive upside potential, this property is an ideal investment for anyone looking for long-term growth. Don’t miss out—schedule a showing today! Buy as a package deal with MLS# 73350103

Property Details tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 9
  • Total Bedrooms: 8
  • Total Full Baths: 6
  • 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: 89400
  • Gross Expenses: 19335
  • GSE: 4327
  • Water/Sewer: 3283
  • INSC: 4119
  • RFS: 550
  • Miscellaneous Expense: 1000
  • Net Operating Income: 70065

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)
  • Roof Material: Other (See Remarks)
  • Flooring Type: Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73350104
  • Last Updated: 03/26/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
03/26/2025New$799,000$185MLSPIN

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Seller's Representative: Zachary Conley, NextGen Realty, Inc.
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
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 01:18:00

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