Fully occupied 6-unit investment opportunity at 444 Center St in Fall River generating $88,200 in annual gross income. The property features a well-balanced unit mix of three 2-bedroom/1-bath units and three 1-bedroom/1-bath units, offering broad rental appeal and consistent occupancy. Current financials support an ~8+ cap on in-place income, with clear value-add potential through strategic improvements and rent optimization. Strong tenant base in place with immediate cash flow, complemented by continued rental growth in the Fall River market. Conveniently located with access to local amenities, this is a compelling addition to any portfolio seeking both cash flow and upside. Building sold as-is
Father Kelly, located between South Main Street and the Taunton River waterfront, is a residential and civic Fall River neighborhood with hillside streets and river-view overlooks. The neighborhood’s character concentrates around the South Main Street corridor near Columbia Street, where corner markets, longtime eateries, and bus stops keep the sidewalks active. Triple-deckers and compact single-family homes mix with small brick institutional buildings, giving the blocks a practical, lived-in texture. Battleship Cove and the waterfront paths set a maritime backdrop for walks and weekend wandering. The Fall River Heritage State Park visitor area adds museum energy and seasonal events. Downtown’s cafés and galleries sit just uphill, tying daily errands to culture.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
22 total rooms
Unfinished basement
Bathrooms
6 full bathrooms
Exterior features
Level lot
Public road frontage
Shingle roof
Home design
5+ unit up/down multifamily building
5 stories
Blue exterior
Parking
No open parking spaces listed
Construction
Frame construction
Stone foundation
Built (year per public records)
Utilities
Public water
Public sewer
200+ amp electric service
HOA & community
Not a senior community
Nearby public transportation, park, public school, and T-Station
Electricity and solar
View estimated energy costs and solar savings for this home