Multi-use property situated on corner lot in central business district. Two store fronts & 5 fully rented apartments. Very well maintained with newer roof, updated electric & good sized apartments in great condition. Off street parking for 3 vehicles, and location is very convenient for tenants & provides ample exposure for any business situated in the storefronts . Excellent return on investment with net income at approximately $26,000/year.
Multi-familyProperty Type
1914Year Built
4,192 sq ftLot Size
$58Price/Sq.Ft.
3 spacesParking
Listed by Genevieve Pappas• RE/MAX Right Choice
Bought with Matthew Straight• Straight Real Estate Solutions, LLC
OUTSTANDING PARTIALLY REMODELED 5 FAMILY PLUS 2 RENTED RETAIL STORES; EXCELLENT SO. MAIN ST. LOCATION; NEAR ST. ANNE'S HOSPITAL AND CHURCH. FULLY RENTED WITH GOOD INCOME RETURN.
MLS PIN #30674488
Apr 25, 2003
Sold
$293,000
$61/sq ft
Apr 24, 2003
Listing Removed
—
Dec 13, 2002
Listed
$325,000
$68/sq ft
OUTSTANDING PARTIALLY REMODELED 5 FAMILY PLUS 2 RENTED RETAIL STORES; EXCELLENT SO. MAIN ST. LOCATION; NEAR ST. ANNE'S HOSPITAL AND CHURCH. FULLY RENTED WITH GOOD INCOME RETURN.
Public Records
Aug 5, 1996
Sold
$70,000
$15/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$84,800 + $405,300
$490,100
2022
$5,250
$80,800 + $335,200
$416,000
2021
$76,900 + $268,700
$345,600
2020
$75,700 + $209,700
$285,400
2019
$72,900 + $185,300
$258,200
2018
$79,000 + $166,100
$245,100
2017
$75,300 + $166,100
$241,400
2016
$80,100 + $139,400
$219,500
2015
$80,100 + $139,400
$219,500
2014
$77,700 + $150,200
$227,900
2013
$82,700 + $151,700
$234,400
2012
$90,000 + $151,700
$241,700
2011
$90,000 + $151,700
$241,700
2010
$2,877 (−8.1%)
$111,100 + $207,100
$318,200
2009
$3,130
$161,400 + $226,900
$388,300
Tax history for 502 S Main St
Year
Property tax
Land + Additions
Assessment*
2023
$84,800 + $405,300
$490,100
2022
$5,250
$80,800 + $335,200
$416,000
2021
$76,900 + $268,700
$345,600
2020
$75,700 + $209,700
$285,400
2019
$72,900 + $185,300
$258,200
2018
$79,000 + $166,100
$245,100
2017
$75,300 + $166,100
$241,400
2016
$80,100 + $139,400
$219,500
2015
$80,100 + $139,400
$219,500
2014
$77,700 + $150,200
$227,900
2013
$82,700 + $151,700
$234,400
2012
$90,000 + $151,700
$241,700
2011
$90,000 + $151,700
$241,700
2010
$2,877 (−8.1%)
$111,100 + $207,100
$318,200
2009
$3,130
$161,400 + $226,900
$388,300
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
5
Baths
6.5
Stories
3
Lot width
—
Lot depth
—
Lot size
4,356 Sq. Ft.
Year renovated
—
Sq. Ft.
4,783
Year built
1914
Style
Multi-Family (5+ Unit)
County
Bristol County
APN
2827989
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 19, 2023.
Property details
Parking
Parking Information
Has Open Parking
Parking Spaces: 3
Parking Features: Paved Drive, Off Street, Paved
Interior
Bathroom Information
# of Bathrooms (Full): 5
# of Bathrooms (Half): 2
Basement Information
Basement: Full, Interior Entry, Concrete
Interior Features
# of Rooms (Total): 17
Window Features: Screens
Flooring: Vinyl, Varies, Hardwood
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: 1
# of Floors: 2
Lease: N
Unit #4 Information
# of Levels: 1
# of Floors: 2
Exterior
Building Information
Building Area (Total): 4,783
Construction Materials: Frame
Stories (Total): 5
Year Built Source: Public Records
Year Built Details: Approximate,Renovated Since
Exterior Features
Roof: Shingle
Exterior Features: Rain Gutters
Property Information
PropertySubType: 5+ Family - 5+ Units Up/Down
Lot Information
Lot Size (Acres): 0.1
Lot Features: Corner Lot
Road Surface Type: Paved
Road Frontage Type: Public
Road Responsibility: Public Maintained Road
Financial
Tax Information
Tax Annual Amount: $2,871.06
Tax Year: 2016
Utilities
Utility Information
Utilities: for Gas Range
Sewer: Public Sewer
Water Source: Public
Electric: 100 Amp Service, Individually Metered
Heating & Cooling
Heating Units: 7
Cooling Units: 2
Location
Location Information
Directions: Corner of South Main & South St.
UnparsedAddress: 502 S Main St, Fall River MA 02721
Community Information
Senior CommunityYN: No
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, Sidewalks
Public facts
Beds: 5
Baths: 6.5
Sq. Ft.: 4,783
Stories: 3.0
Lot Size: 4,356 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1914
Year Renovated: —
County: Bristol County
APN: 2827989
Home facts updated by county records on Jul 19, 2023
Other
Miscellaneous Information
Heat Zones: 7
Listing Information
StandardStatus: Closed
Around this home
Schools
Henry Lord Community School
Public K-8 • Assigned • 1.7mi
4/10
B M C Durfee High School
Public 9-12 • Assigned • 2.0mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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
80
64
74
59
64
50
54
40
41
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.9 hours in
June and 4.5 hours in December, placing it below the
U.S. average for solar exposure.