381 Pine St, Fall River, MA 02720
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$975,000
6 Unit
7 Beds
6 Baths
4877 SQFT
0.15 Acre

Property Description

Fantastic 6-Unit Investment Opportunity Near New MBTA Station & Historic District. With updated market rents this property could be producing $102,600 annually! Don’t miss your chance to own this well-maintained and thoughtfully cared-for 6-unit multifamily property, ideally located just minutes from the new MBTA station, the Historic District, and Battleship Cove. With strong cash flow potential and long-term upside, this property is a perfect fit for both investors and owner-occupants alike. Enjoy ample off-street parking behind the building, and a spacious basement offering additional storage and the potential for added income through coin-operated laundry. This is a rare opportunity in a rapidly developing area — act fast!

Property Details tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 5
  • Total Bedrooms: 7
  • Total Full Baths: 6
  • Amenities: Highway Access, Laundromat, Public Transportation, Shopping, T-Station
  • Basement Features: Full, Unfinished Basement
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Bathroom With Tub & Shower, Ceiling Fans, Other (See Remarks), Storage, Studio, Tile Floor
  • Common Appliances: Range, Refrigerator
  • Common Heating: Active Solar, Electric, Electric Baseboard, Extra Flue, Extra Flue, Forced Air, Gas, Gas, Heat Pump, Heat Pump, Hot Air Gravity, Hot Water Baseboard, Hot Water Radiators, Other (See Remarks), Space Heater

Financial

  • APOD Available: Yes
  • Expenses Source: Estimated, Owner Provided
  • Gross Operating Income: 82800
  • Gross Expenses: 5850
  • Electric Expenses: 250
  • Water/Sewer: 2000
  • INSC: 3600
  • Net Operating Income: 82800

Utilities

  • Electric Info: Individually Metered
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 4 Description

  • Included in Rent: Water
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Flooring Type: Hardwood, Tile, Vinyl
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73370926
  • Last Updated: 06/23/25
  • Terms: Contract for Deed, Rent w/Option

Property History tap to expand

Date Event Price Price/Sq Ft Source
05/11/2025Active$975,000$200MLSPIN
05/07/2025New$975,000$200MLSPIN

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Seller's Representative: IB-Realty Group, Cameron Real Estate Group
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 2025-06-23 15:33:00

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