Turnkey 6-unit investment property offering strong cash flow and a proven rental history. The end-of-year 2025 cap rate was 8.99%, with clear potential for immediate upside upon new ownership.The property consists of six 2-bedroom units, four units are equipped with space heaters, while two units feature forced air systems. All tenants are at will, providing investors with the flexibility to adjust rents to market rates and maximize returns.The building is set up for efficiency with separate utilities, with tenants responsible for their own expenses, helping keep operating costs low. Key updates have been completed, including electrical improvements and renovations throughout. This is an ideal opportunity for investors seeking a stable, income-producing asset with value-add potential, strong fundamentals, and the ability to increase NOI and long-term equity.
Multi-familyProperty Type
1900Year Built
3,999 sq ftLot Size
$179Price/Sq.Ft.
Listed by Merysa Berrios Sevilla• Vicente Realty, LLC
Listed by • Vicente Realty, LLC
Bought with The Vision Group• Keller Williams South Watuppa
Fall River: Excellent Investment/Income Opportunity! 6 family all with 2 bedroom units and completely deleaded. Coin-operated laundry on the premises. All stoves, refrigerators and space heaters to pass. Don't miss this! (141)
Public Records
Sep 17, 2004
Sold
$340,000
$66/sq ft
MLS PIN #30817560
Sep 22, 2004
Sold
$350,000
$68/sq ft
Aug 17, 2004
Listing Removed
—
Feb 26, 2004
Listed
$349,900
$68/sq ft
MLS PIN #30663276
Mar 14, 2003
Sold
$229,900
$45/sq ft
Jan 28, 2003
Listing Removed
—
Oct 30, 2002
Listed
$229,900
$45/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$4,942 (+14.2%)
$79,400 + $323,400
$402,800
2022
$4,326 (+9.2%)
$75,600 + $267,200
$342,800
2021
$3,961 (+15.9%)
$72,400 + $214,000
$286,400
2020
$3,419 (−4.2%)
$70,000 + $166,600
$236,600
2019
$3,568 (+52.4%)
$70,000 + $174,700
$244,700
2018
$2,341 (+4.5%)
$74,100 + $86,000
$160,100
2017
$2,241 (−29.6%)
$74,100 + $86,000
$160,100
2016
$3,183 (+5.8%)
$90,700 + $142,800
$233,500
2015
$3,008 (−4.7%)
$87,200 + $142,800
$230,000
2014
$3,156 (+4.0%)
$96,900 + $154,000
$250,900
2013
$3,036 (+10.5%)
$98,900 + $155,600
$254,500
2012
$2,747 (+7.3%)
$98,000 + $152,200
$250,200
2011
$2,560 (−10.1%)
$98,000 + $152,200
$250,200
2010
$2,848 (+4.0%)
$105,300 + $209,700
$315,000
2009
$2,739
$108,100 + $231,700
$339,800
Public record
Beds
12
Baths
6
Stories
3
Lot width
—
Lot depth
—
Lot size
3,920 Sq. Ft.
Year renovated
—
Sq. Ft.
5,136
Year built
1900
Style
Multi-Family (5+ Unit)
County
Bristol County
APN
2829845
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 19, 2023.
Property details
Parking
Parking Information
Has Open Parking
Open Parking Spaces: 0
Interior
Bathroom Information
# of Bathrooms (Full): 6
Basement Information
Basement: Full, Partially Finished
Appliances
Appliances: Range, Refrigerator, None
Interior Features
# of Rooms (Total): 24
Interior Features: Living Room, Kitchen
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: 2
# of Floors: 2
Lease: N
Unit #4 Information
# of Levels: 3
# of Floors: 3
Lease: N
Exterior
Building Information
Building Area (Total): 5,136
Stories (Total): 10
Year Built Source: Public Records
Year Built Details: Approximate
Property Information
PropertySubType: 5-9 Family
Above Grade Finished Area: 5136
Levels: 10
Lot Information
Lot Size (Acres): 0.09
Road Frontage Type: Public
Financial
Tax Information
Tax Annual Amount: $6,165
Tax Year: 2025
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Electric: 100 Amp Service
Heating & Cooling
Has Heating
Heating: Space Heater, Forced Air
Location
Location Information
Directions: Kindly use GPS
UnparsedAddress: 274 Harrison St, Fall River MA 02723
Community Information
Senior CommunityYN: No
Public facts
Beds: 12
Baths: 6.0
Sq. Ft.: 5,136
Stories: 3.0
Lot Size: 3,920 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1900
Year Renovated: —
County: Bristol County
APN: 2829845
Home facts updated by county records on Jul 19, 2023
Other
Listing Information
StandardStatus: Closed
Around this home
Schools
Samuel Watson Elementary School
Public K-5 • Assigned • 0.6mi
5/10
Talbot Innovation School
Public 6-8 • Assigned • 0.6mi
4/10
B M C Durfee High School
Public 9-12 • Assigned • 1.7mi
2/10
Provided by GreatSchools
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
6/10 Heat Factor
7 days above 97° expected this year, 15 days in 30 years
8/10 Wind Factor
80% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Fall River, MA • 02723
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
77/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.