48 Ridge Street, Fall River, MA 02721
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$980,000
5 Unit
14 Beds
5 Baths
5647 SQFT
0.13 Acre

Property Description

Opportunity for increased revenue for this rare investment opportunity! Two homes on one lot—one 3-family and one 2-family—both with beautiful Bay views. The 3-family offers spacious 3-bed, 1-bath units featuring hardwood floors, carpeting, and plenty of natural light. The 2-family includes a comfortable 3-bed, 1-bath apartment and a 2 -bed, 1 bath apartment, both with a similar mix of hardwood and carpeted flooring. All units are in move-in condition, making this property ideal for owner-occupants or investors seeking immediate rental income. Conveniently located with easy highway access, this property combines strong rental potential with scenic surroundings.

Property Details tap to expand

Building Information

  • Total Units: 5
  • Total Floors: 13
  • Total Bedrooms: 14
  • Total Full Baths: 5
  • Amenities: Public School, Public Transportation, Shopping
  • Basement Features: Concrete Floor, Dirt Floor, Full, Interior Access, Unfinished Basement
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Bathroom With Tub & Shower, Ceiling Fans, Upgraded Cabinets, Upgraded Countertops
  • Common Appliances: Range, Refrigerator
  • Common Heating: Active Solar, Electric Baseboard, Extra Flue, Gas, Heat Pump, Hot Water Radiators, Space Heater

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 37560
  • Gross Expenses: 3600
  • Water/Sewer: 2100
  • INSC: 4590
  • Repairs & Maintenance: 3600
  • Miscellaneous Expense: 675
  • Net Operating Income: 22330

Utilities

  • Heat Zones: 5
  • Electric Info: Circuit Breakers, Individually Metered, Underground
  • Energy Features: Storm Doors
  • Utility Connections: for Gas Oven, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private
  • Sewer District: City

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 3

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 3

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 3
  • Levels: 3

Unit 4 Description

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

Construction

  • Year Built: 1900
  • Type: 5+ Family - 5+ Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Vinyl, Wall to Wall Carpet, Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73419720
  • Last Updated: 10/14/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
08/23/2025Active$980,000$174MLSPIN
08/19/2025New$980,000$174MLSPIN

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Seller's Representative: Mark Barter, HomeSmart Professionals Real Estate
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 2025-10-14 14:53:00

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