24–28 Hall St is a compelling value-add opportunity in Fall River—one of Massachusetts’ fastest-growing rental markets. This clean, well-maintained asset offers investors the rare combination of immediate stability and strong future upside.The property is currently anchored by a long-term tenant base and features separately metered utilities, allowing for efficient management and favorable operating margins. With a clear path to increasing rents over time, the pro forma income has the potential to exceed $10,000/month upon full stabilization.Additional highlights include ample off-street parking and a solid overall condition with no anticipated capital expenditures—positioning this as a true plug-and-play investment with upside.Don’t miss the opportunity to acquire a high-performing asset with meaningful growth potential in a rapidly expanding market.
Charles Street-Bowen Street, located between Downtown Fall River and the Highlands, is a residential and mixed-use Fall River neighborhood with classic triple-deckers and walkable side streets. The neighborhood’s character concentrates around the South Main Street and Charles Street corridor, where corner storefronts, takeout counters, and everyday services set a steady street-level rhythm. Housing reads as late-19th- and early-20th-century wood-frame blocks with occasional brick civic buildings. The waterfront edge and mill-era street grid shape short, direct routes through the area. Battleship Cove and the Fall River Heritage State Park add a maritime backdrop. The Narrows Center for the Arts and the Fall River Historical Society help anchor local culture nearby.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
27 total rooms
Unit 1 is leased
Unit 2 is leased
Unit 3 is leased
Unit 4 is leased
Bathrooms
6 full bathrooms
Exterior features
Public road frontage
Public transportation nearby
Park nearby
Home design
5+ unit multi-family building (units up/down)
5 stories total
Approximate year built
Parking
8 open parking spaces
Paved driveway and off-street parking
Construction
Frame construction
Stone foundation
Rubber roof
Utilities
Public water
Public sewer
200+ amp electric service
HOA & community
Not a senior community
Electricity and solar
View estimated energy costs and solar savings for this home