302 Hope St Fall River, MA 02721
Sandy Beach NeighborhoodEstimated payment $10,738/month
About This Home
Rare opportunity to acquire two adjacent, well-maintained multifamily properties being sold together, totaling nine units with a shared, oversized parking lot that provides off-street parking for all tenants. The portfolio features a desirable mix of two- and three-bedroom apartments, many of which have been recently renovated with modern finishes and updated interiors, offering comfortable and contemporary living spaces. Despite these improvements, current rents remain below market, creating an attractive and immediate value-add opportunity for investors through rent optimization.Located in Fall River, approximately 20 miles southeast of Providence and 50 miles south of Boston, the properties benefit from excellent regional connectivity via I-195, Route 24, and Route 79. The recent extension of the South Coast Rail, providing direct commuter service to Boston, has further enhanced the appeal and long-term marketability of these units, making this an especially compelling
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,898
Year Built
- Built in 1900
Lot Details
- 0.32 Acre Lot
- Beach Front
Home Design
- Stone Foundation
- Shingle Roof
Interior Spaces
- 9,402 Sq Ft Home
- Property has 1 Level
- Insulated Windows
- Basement
Bedrooms and Bathrooms
- 24 Bedrooms
- 9 Full Bathrooms
Parking
- 14 Car Parking Spaces
- Driveway
- 14 Open Parking Spaces
- Off-Street Parking
Community Details
- 9 Units
- Net Operating Income $43,200
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,284 | $723,500 | $108,800 | $614,700 |
| 2024 | $7,435 | $647,100 | $104,700 | $542,400 |
| 2023 | $6,501 | $529,800 | $86,500 | $443,300 |
| 2022 | $5,193 | $450,900 | $82,400 | $368,500 |
| 2021 | $5,193 | $375,500 | $78,400 | $297,100 |
| 2020 | $4,495 | $311,100 | $77,300 | $233,800 |
| 2019 | $3,855 | $264,400 | $74,400 | $190,000 |
| 2018 | $3,637 | $248,800 | $80,600 | $168,200 |
| 2017 | $3,025 | $216,100 | $76,800 | $139,300 |
| 2016 | $2,933 | $215,200 | $81,700 | $133,500 |
| 2015 | $2,815 | $215,200 | $81,700 | $133,500 |
| 2014 | $2,804 | $222,900 | $79,300 | $143,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/20/2026 01/20/26 | For Sale | $1,825,000 | +314.8% | $194 / Sq Ft | |
| 09/26/2017 09/26/17 | Sold | $440,000 | +76.0% | $80 / Sq Ft | View Prior Sale |
| 08/21/2017 08/21/17 | Pending | -- | -- | -- | |
| 08/16/2017 08/16/17 | For Sale | $250,000 | -- | $45 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73470285
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