Prime location, turnkey condition, and 20 bedrooms of rental upside, this 9-unit property in Fall River is a rare investment opportunity you don’t want to miss. Featuring two well-maintained buildings, a 4-family and a 5-family on one lot sitting just 1.5 miles from the South Coast Rail station. Located in the downtown historic district with easy access to parks, dining, shopping, and Routes I-195 & 24. The 4-family includes (2) massive 4-bedroom units and (2) 1-bedroom units; the 5-family offers (5) spacious 2-bedrooms, including one townhouse-style apartment with about 7,531 total sqft. Extensively renovated about 12 years ago including roofs, windows, siding, plumbing, electrical, interiors, heating, and fire system. All units are lead compliant with certs. Separate utilities. Most units feature newer tankless heating systems. A low-maintenance, high-upside asset ready for its next owner. Reach out to schedule a showing today!
Multi-familyProperty Type
1900Year Built
5,708 sq ftLot Size
$185Price/Sq.Ft.
2 spacesParking
Listed by Zachary Midwood• Divine Real Estate, Inc.
Bought with Todor Ialamov• Four Points Real Estate, LLC
Bank Owned Money Maker! Super opportunity to rehab this property and make some real Cash Flow! Property consists of two buildings. Building 1 (58 N. 7th Street) has four units. These buildings will need major rehab work to make rentable. Building 2 (399 Bank St. ) consists of 6 unit. Easy to show. 3 Four bedroom units / 3 Two bedroom units / 3 One bedroom units / 1 studio unit.
Public Records
May 1, 2002
Sold
$250,000
$33/sq ft
Public Records
Jun 6, 2001
Sold
$148,000
$20/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$8,933 (+14.7%)
$159,000 + $569,000
$728,000
2022
$7,790 (+7.8%)
$145,000 + $472,300
$617,300
2021
$7,228 (+1.1%)
$142,000 + $380,600
$522,600
2020
$7,146 (+6.2%)
$138,000 + $356,500
$494,500
2019
$6,727 (+8.2%)
$145,000 + $316,400
$461,400
2018
$6,219 (+4.4%)
$133,000 + $292,400
$425,400
2017
$5,956 (+5.7%)
$133,000 + $292,400
$425,400
2016
$5,636 (+4.0%)
$133,000 + $280,500
$413,500
2015
$5,419 (−1.0%)
$133,000 + $281,300
$414,300
2014
$5,476 (+22.2%)
$133,000 + $302,300
$435,300
2013
$4,481 (+7.9%)
$140,000 + $235,600
$375,600
2012
$4,152 (+7.3%)
$142,500 + $235,600
$378,100
2011
$3,868 (−8.7%)
$142,500 + $235,600
$378,100
2010
$4,236 (+9.9%)
$150,000 + $318,600
$468,600
2009
$3,855
$120,000 + $358,300
$478,300
Tax history for 399 Bank St
Year
Property tax
Land + Additions
Assessment*
2023
$8,933 (+14.7%)
$159,000 + $569,000
$728,000
2022
$7,790 (+7.8%)
$145,000 + $472,300
$617,300
2021
$7,228 (+1.1%)
$142,000 + $380,600
$522,600
2020
$7,146 (+6.2%)
$138,000 + $356,500
$494,500
2019
$6,727 (+8.2%)
$145,000 + $316,400
$461,400
2018
$6,219 (+4.4%)
$133,000 + $292,400
$425,400
2017
$5,956 (+5.7%)
$133,000 + $292,400
$425,400
2016
$5,636 (+4.0%)
$133,000 + $280,500
$413,500
2015
$5,419 (−1.0%)
$133,000 + $281,300
$414,300
2014
$5,476 (+22.2%)
$133,000 + $302,300
$435,300
2013
$4,481 (+7.9%)
$140,000 + $235,600
$375,600
2012
$4,152 (+7.3%)
$142,500 + $235,600
$378,100
2011
$3,868 (−8.7%)
$142,500 + $235,600
$378,100
2010
$4,236 (+9.9%)
$150,000 + $318,600
$468,600
2009
$3,855
$120,000 + $358,300
$478,300
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.