801 N Main Street,Fall River, MA 02720
Fall River, MA 02720
Description
799-809 North Main Street is a unique, stabilized 8+ unit multi-family commercial property with views of the Taunton River. The "plus+" is an additional 1,319SF of leased commercial space. The offering provides a strong in-place income with a clear path to increased cash flow in one of Fall River's most active up and coming rental corridors. The property currently generates $121,236 in annual income, with a pro forma gross of ~$134,400, plus the additional $6,600/year in leased commercial income, bringing total potential income to over $141,000. The two buildings sit on one 7,114 SF lot, BOTH updated with newer vinyl siding and roofs. The property features 8 total residential apartments, Front building contains four 1 bed 1 baths, Rear building contains four 2 bed 1 baths and a common area basement w washer/dryer hookups. ALL with separate utilities and central heat, including 2 units with central air. Tenants pay their own utilities. Professionally managed with consistent rent collections, the asset offers immediate upside through lease-up and rent alignment. Recent Navien high-efficiency boiler systems reduce future capital expenditure and improve operational efficiency, making this a true "plug-and-play" investment with stable cash flow and defined upside.
Details
| MLS # | 1410407 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1882 |
| Days On Site | 189 |
| Listing Provided By | Bond Brokerage | Don Martone |
Features
| Bed(s) | 12 |
|---|---|
| Bath(s) | 9 Total |
| SQ Feet | 8,766 |
| Garage | 1 |
| Basement | Y |
| Story(s) | 3 |
| Units | 3 |
| Building(s) | 2 |
| Zoning | BL |
| Acreage | 0.16 |
| Water Front | Yes |
| Property View | Water, Saltwater View |
Interior
| Rooms Total | 22 |
|---|---|
| Heating | Natural Gas, Central Air, Central |
| Heating Yes / No | Yes |
| Cooling | Central Air |
| Cooling Yes / No | Yes |
| Appliances | Gas Water Heater |
| Fireplaces Total | 0 |
Exterior
| Exterior Features | Balcony, Deck |
|---|---|
| Patio And Porch Features | Deck |
| Community Features | Bus, Commuter Bus, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Recreational Facilities, Restaurants, Schools, Shopping |
Parking
| Attached Garage Yes / No | Yes |
|---|---|
| Garage Yes / No | Yes |
| Parking Features | Attached, Integral |
Utilities
| Sewer | Connected |
|---|---|
| Electric | Circuit Breakers |
Location
| Community Features | Bus, Commuter Bus, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Recreational Facilities, Restaurants, Schools, Shopping |
|---|
Taxes
| Tax Annual Amount | 6904 |
|---|---|
| Tax Assessed Value | 487000 |
| Tax Lot | 0012 |
| Tax Year | 2026 |
Area Information
| State | MA |
|---|---|
| County | Bristolma |
| City | Fall River |
| Zip Code | 02720 |
| Area | Bristolma |
| Listing VS Median (in 02720) | |
Price: $1,200,000 low | high Med: $532,500 sqft: 8,766 low | high Med: 2,212 $ / sqft: $137 low | high Med: $260 On site: 189 low | high Med: 97.5 | |
Market Activity 02720
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Learn More About This Property
| State | MA |
|---|---|
| County | Bristolma |
| City | Fall River |
| Zip Code | 02720 |
| Area | Bristolma |
| Listing VS Median (in 02720) | |
Price: $1,200,000 low | high Med: $532,500 sqft: 8,766 low | high Med: 2,212 $ / sqft: $137 low | high Med: $260 On site: 189 low | high Med: 97.5 | |
 | $1,430,000170` LocustFall River, MA 02770 |
