1155-1157 Pleasant Street Fall River, MA
$3,360,000
Beds 36
Baths 25
Square Feet 21,000
Acres 0.41
Description
Exceptional mixed-use investment opportunity featuring four buildings and a large parking lot with abundant off-street parking. The portfolio includes a 10-unit building (2 commercial, 8 residential), a 4-unit building (1 commercial, 3 residential), a 4-family, and a 6-family, totaling 36 bedrooms comprised of one 3-bedroom, thirteen 2-bedroom units, three commercial spaces, and the remaining 1-bedrooms. Current gross income is $365,400 annually, offered at an 8.2% cap rate. Clear path to approximately 11.5% cap at market rents through modest increases, creating significant value-add upside. Commercial tenants include Metro PCS and a tattoo studio, providing stable income alongside strong residential cash flow.
Listed by NextGen Realty, Inc., Zachary Conley
Details
MLS 73477347
Status Active
Price $3,360,000
DOM 20 days
Type Multi-Family
Beds 36
Baths 23 full, 4 half baths
Square Feet 21,000 sqft
Lot Size 0.41 acres
Year Built 1900
Lot & Building Features
Construction Frame
Sewer Public Sewer
Tax Year 2026
Taxes Paid $27,787
Water Public
Foundation Other
Exterior Features Other, Rain Gutters
Roof Other, Rubber, Shingle
Full Baths 23
Half Baths 4
Parking Leased, Assigned, Paved Drive
Total Rooms 81
Basement Feature Full
Garage Spaces 0
Map
Get Directions
Financing
$
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.

