Presenting a well-maintained and fully rented 6-unit multifamily property located at 516–520 Third Street in Fall River. This turnkey investment offers immediate cash flow and strong rental stability, making it an excellent addition to any portfolio.The property has undergone recent renovations, including new exterior siding and updated electrical systems, ensuring reduced maintenance and long-term durability. All units are currently occupied, providing consistent income from day one.Conveniently situated near local parks, major highways, shopping, and other amenities, the location is highly attractive to tenants and supports continued rental demand.This is a solid income-producing asset in a growing market, ideal for investors seeking both stability and upside potential.
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
Property details
Interior
Exterior
Finance
Interior features
Total of 32 rooms
Unfinished basement
Bedrooms
Multiple units with varying levels (see unit details)
Bathrooms
Six full bathrooms
Six half bathrooms
Exterior features
Paved driveway
Small lot (approximately 0.11 acres)
Home design
5+ family building (5+ units up/down)
Ten total stories
Parking
Open parking available
Four open parking spaces
Construction
Concrete perimeter foundation
Built year reported from public records (approximate)
Utilities
Public water
Public sewer
HOA & community
Not a senior community
Financial info
Property listed as active
Other
Building area reported as 6,282 total (above grade finished area also reported as 6,282)
Multiple rental units: Unit 1 (1 level, leased), Unit 2 (1 level, leased), Unit 3 (2 levels, leased), Unit 4 (3 levels)
Electricity and solar
View estimated energy costs and solar savings for this home
Great investment opportunity in Fall River! This multi-family features newer vinyl siding and windows (2023) and roof (2016) adding both curb appeal and long-term value. All units offer strong rental potential with room for interior updates—perfect for increasing equity and rental income. First floor will transfer vacant providing flexibiity for an investor or future owner-occupant. Bonus: off-street parking with a private two-car driveway. A smart addition to any portfolio!
Public Records
Jun 20, 1996
Sold
$126,000
$20/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$6,329 (+15.2%)
$80,100 + $435,700
$515,800
2022
$5,493 (+10.6%)
$76,300 + $359,000
$435,300
2021
$4,966 (+17.7%)
$73,000 + $286,100
$359,100
2020
$4,219 (+9.0%)
$70,600 + $221,400
$292,000
2019
$3,870 (+6.5%)
$70,600 + $194,800
$265,400
2018
$3,633 (+4.4%)
$74,800 + $173,700
$248,500
2017
$3,479 (−0.9%)
$74,800 + $173,700
$248,500
2016
$3,511 (+5.6%)
$91,500 + $166,100
$257,600
2015
$3,324 (−4.7%)
$88,000 + $166,100
$254,100
2014
$3,488 (+4.0%)
$97,800 + $179,500
$277,300
2013
$3,355 (+9.0%)
$99,800 + $181,400
$281,200
2012
$3,078 (+7.4%)
$98,900 + $181,400
$280,300
2011
$2,867 (−11.1%)
$98,900 + $181,400
$280,300
2010
$3,226 (+46.2%)
$106,200 + $250,700
$356,900
2009
$2,207
$109,100 + $164,700
$273,800
Public record
Beds
15
Baths
6
Stories
3
Lot width
—
Lot depth
—
Lot size
4,792 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
6,282
Unfinished Sq. Ft.
—
Total Sq. Ft.
6,282
Year built
1900
Style
Multi-Family (5+ Unit)
County
Bristol County
APN
2828104
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Mar 13, 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
6/10 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
81/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9 hrs
4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 516-520 Third St
There isn’t enough information to generate an accurate estimate at this time. Learn More