NOI is $36,312 and Cap Rate is 8.25%. The rental market is tight and vacancies fill quickly for a premium. At $73,333 a unit, this 6-unit building is being offered for an investor looking to add a cash flowing and well managed property to their portfolio. Current ownership purchased the property, stabilized and repaired it and brought in a top management team to manage the day to day operations. Current management company has over 400 units under management and is willing to continue working with the new owners to ensure a seamless transition. This represents an opportunity for a passive investor to purchase income producing property and remain “hands off.” Fall River has several economic factors to continue to support the current income (and future growth) at this property. Sale includes 6 Fridges/6 Stoves/6 Water Heaters. Contract with vendor for coin-op laundry for added income. See attached report for further complete breakdown of property.
HIGHEST AND BEST BY SATURDAY 7/1 AT 4PM. Great investment property! This 6 Family has all two bedroom units. Newer windows in this maintenance free brick building! Each unit has separate heat and their own private balcony. Hot water heaters are owned. All units have their own electric panel with circuit breakers in addition to a house panel for common areas. 1 coin-op washer and dryer are included with the property, PLUS off street parking! Perfect to add to your portfolio.
MLS PIN #71252226
Oct 14, 2011
Sold
$210,000
$50/sq ft
Aug 22, 2011
Contingent
—
Jun 22, 2011
Listed
$259,900
$62/sq ft
6 Family all two bed units! The last two units are rented for $600 and $560 per month TAW. New windows in this maintenance free brick building! Each unit has separate utilities and their own private balcony. 2 coin-op washers and 2 coin-op dryers are included with the property. At least 24 hour notice for showings.
MLS PIN #71120920
Aug 9, 2010
Listed
—
Aug 9, 2010
Sold
$100,000
$24/sq ft
MLS PIN #70274395
Jan 27, 2006
Sold
$330,000
$78/sq ft
Oct 31, 2005
Listing Removed
—
Oct 7, 2005
Listed
$369,900
$88/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Sq. Ft.
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Year built
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Style
Multi-Family (5+ Unit)
County
Bristol County
APN
2828516
Parking Spaces
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Basement
—
Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Jul 25, 2025.
Property details
Parking
Parking Information
Parking Spaces: 6
Parking Features: Off Street
Interior
Bathroom Information
# of Bathrooms (Full): 6
Basement Information
Basement: Full
Interior Features
# of Rooms (Total): 36
Interior Features: Laundry Room
Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: N
Unit #2 Information
# of Levels: 1
# of Floors: 1
Lease: N
Unit #3 Information
# of Levels: 1
# of Floors: 2
Lease: N
Unit #4 Information
# of Levels: 1
# of Floors: 2
Lease: N
Exterior
Building Information
Building Area (Total): 4,215
Foundation Details: Stone, Granite
Stories (Total): 5
Year Built Source: Public Records
Year Built Details: Approximate
Color: Brick red
Exterior Features
Roof: Shingle
Property Information
PropertySubType: 5-9 Family
Lot Information
Lot Size (Acres): 0.11
ViewYN: Has View
View: City View(s)
Road Frontage Type: Public
Financial
Tax Information
Tax Annual Amount: $3,094
Tax Year: 2019
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Electric: Circuit Breakers, 60 Amps/Less
Heating & Cooling
Has Heating
Heating: Natural Gas, Space Heater
Heating Units: 6
Location
Location Information
Directions: Nashua Between Manchester and Lowell
UnparsedAddress: 181-187 Nashua St, Fall River MA 02721
Community Information
Senior CommunityYN: No
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Bristol County
APN: 2828516
Home facts updated by county records on Jul 25, 2025
Other
Miscellaneous Information
Heat Zones: 6
Listing Information
StandardStatus: Closed
Around this home
Schools
William S Greene Elementary School
Public PreK-5 • Assigned • 0.4mi
3/10
Matthew J Kuss Middle School
Public 6-8 • Assigned • 1.5mi
2/10
B M C Durfee High School
Public 9-12 • Assigned • 2.0mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 96° expected this year, 15 days in 30 years
8/10 Wind Factor
80% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Fall River, MA • 02721
Average low and high temperatures (°F)
35
23
37
24
49
34
58
43
67
53
79
63
82
67
79
62
74
59
64
50
54
40
41
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.9 hours in
June and 4.5 hours in December, placing it below the
U.S. average for solar exposure.