526 3rd St Fall River, MA
$2,500,000
Beds 36
Baths 12
Square Feet 12,012
Acres 0.29
Description
Rare investment opportunity with unlimited potential! Choose to remain as rentals, or sell each unit off as a condo. This 12-unit building, built in 1985, offers all units for sale along with full control of the HOA. Each unit is designed as a spacious 3-bedroom, single-level condominium, featuring in-unit laundry. With most units currently rented and a few recent vacancies, this is the perfect chance for a savvy investor to choose the path forward—either re-rent for strong cash flow or sell individually as condos. Each unit is separately equipped with its own gas-powered forced hot air heating system, gas hot water heater, and individual electric service. Building owner meter covers common areas and exterior needs. This flexible investment allows you to pivot as market conditions evolve—continue steady rental income or begin a phased condo sell-off strategy. Don’t miss this unique chance to own an income-producing asset with multiple exit strategies.
Listed by Lock and Key Realty Inc., Patriot Living Group
Details
MLS 73436227
Status Active
Price $2,500,000
DOM 204 days
Type Multi-Family
Beds 36
Baths 12 full baths
Square Feet 12,012 sqft
Lot Size 0.29 acres
Year Built 1985
Lot & Building Features
Appliances Refrigerator, Range
Heating Natural Gas
Sewer Public Sewer
Tax Year 2025
Taxes Paid $17,507
Water Public
Foundation Concrete Perimeter
Exterior Features Varies per Unit, Balcony/Deck, Balcony, Rain Gutters
Interior Features Storage, Bathroom With Tub & Shower, Open Floorplan, Living Room, Kitchen, Internet Available - Unknown
Roof Rubber
Full Baths 12
Parking Assigned, Paved, Paved Drive, Off Street
Total Rooms 60
Garage Spaces 0
Waterfront River, Walk to, 1 to 2 Mile To Beach
Schools
Elementary School Carlton M. Viveiros
Junior High School Morton Middle
Senior High School B M C Durfee High School
Multi-Family Home for Sale: 526 3rd St, Fall River, MA 02721
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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.