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About this home
Exceptional investment opportunity in Fall River! This well-maintained two-family property features two spacious 2-bedroom, 1-bath units, offering strong rental potential in a high-demand market. Currently generating $2000/month in gross rental income with one VACANT UNIT available, this is ideal for investors seeking immediate cash flow. Each unit offers functional layouts, comfortable living space, and solid rental appeal. Conveniently located near local amenities, highways, and area development, this property presents long-term upside and consistent demand. A turnkey income-producing asset with strong fundamentals in a growing market.
Multi-familyProperty Type
1900Year Built
$261Price/Sq.Ft.
Listed by SRG Properties Group• Century 21 North East Homes
Listed by Ileana Montalvo• Century 21 North East Homes
Corky Row, located between Highland Avenue and Rock Street, is a historic and residential Fall River neighborhood with a tight street grid and a strong mill-era streetscape. The character concentrates along Highland Avenue near Rock Street, where corner storefronts, takeout counters, and everyday services set a steady, lived-in rhythm. Triple-deckers and compact cottages line the blocks, with small porches and narrow lots defining the streetscape. The nearby Fall River Heritage State Park adds waterfront paths and museum stops that shape weekend routines. Battleship Cove and the Marine Museum at Fall River anchor local history close by. Downtown’s cafés and galleries sit a short ride away, keeping the area connected to the city’s cultural calendar.
Provided by Walk Score and Local Logic
Offer insights
283 Fifth St · $469,000
$470K and above
75% chance or better to win
Why $470K+ is a strong offer
DAYS ON MARKET
49 days
The average home goes pending in 31 days.
SALE-TO-LIST
101.2%
Most homes are selling 1% above list price.
About offer insights
Property details
Interior
Exterior
Finance
Interior features
Total of 10 rooms
Full basement
Bedrooms
Unit 1: 1 level
Unit 2: 1 level
Bathrooms
2 full bathrooms
Exterior features
Paved driveway
Home design
Two-family (up/down configuration)
2 stories
Approximately 1,800 finished above-grade square footage
Parking
Open parking available
Construction
Granite foundation
Built (year per public records)
Utilities
Public water
Public sewer
Electric meters are individually metered
Financial info
Unit 1 is leased
Unit 2 is not leased
Electricity and solar
View estimated energy costs and solar savings for this home
Two multi-families on one lot for a total of (5) Units. Three-family offers all three bedrooms in each unit and the Two-family provides two bedrooms in each unit. Current tenants are tenants at will. Separate metered utilities with tenants paying own electric and gas. Potential for laundry facilities in each building. Maintenance free exteriors. Centrally located to area amenities as well as highway access.
Year
Property tax
Land + Additions
Assessment*
2023
$6,829 (+11.8%)
$81,700 + $474,900
$556,600
2022
$6,109 (+12.6%)
$77,800 + $406,300
$484,100
2021
$5,427 (+13.8%)
$74,400 + $318,000
$392,400
2020
$4,767 (+12.7%)
$72,000 + $257,900
$329,900
2019
$4,228 (+3.9%)
$72,000 + $218,000
$290,000
2018
$4,069 (+6.2%)
$76,300 + $202,000
$278,300
2017
$3,832 (−1.6%)
$76,300 + $197,400
$273,700
2016
$3,894 (+5.5%)
$93,300 + $192,400
$285,700
2015
$3,690 (−5.3%)
$89,700 + $192,400
$282,100
2014
$3,897 (+3.6%)
$99,600 + $210,200
$309,800
2013
$3,762 (+7.3%)
$101,700 + $213,600
$315,300
2012
$3,506 (+7.3%)
$100,800 + $218,500
$319,300
2011
$3,266 (+0.4%)
$100,800 + $218,500
$319,300
2010
$3,253 (+1.1%)
$108,300 + $251,600
$359,900
2009
$3,218
$111,200 + $288,000
$399,200
Public record
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
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Lot size
7,405 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Other
County
Bristol County
APN
2828413
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
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Last updated by owner on Jul 19, 2023.
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
68
79
62
74
59
64
50
54
40
41
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 283 Fifth St
$475,308
$6,308 over list price of $469K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $405K to $501K.