344-354 E Main St Fall River, MA 02724
Father Kelly NeighborhoodEstimated payment $7,336/month
Highlights
- Medical Services
- Granite Flooring
- Park
- City View
- Property is near public transit and schools
- 5-minute walk to Kelly Park
About This Home
Check out this solid income-producing 10-unit mixed-use building in Fall River with strong cash flow and serious upside potential. The property includes seven 3-bedroom residential units, all fully occupied. Five of the units have been recently updated, making them attractive to tenants and positioning the property well for future rent growth. Three-bedroom apartments are always in demand, helping maintain stable occupancy. On the first floor, public record shows three commercial units. One is currently leased and operating as a business, while the remaining two commercial units have been combined and are presently used for owner storage, presenting a prime opportunity for repositioning. The property is currently generating approximately $100,000 in annual NOI, with room to conservatively increase rents by an additional $45,000 per year. If you’re looking for a strong, cash-flowing asset with upside in a growing market, this one checks the boxes.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,479
Year Built
- Built in 1909
Lot Details
- 5,632 Sq Ft Lot
- Level Lot
Home Design
- Brick Exterior Construction
- Frame Construction
- Rubber Roof
Interior Spaces
- 11,457 Sq Ft Home
- Property has 1 Level
- City Views
Flooring
- Wood
- Laminate
- Granite
- Vinyl
Bedrooms and Bathrooms
- 21 Bedrooms
Laundry
- Dryer
- Washer
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Sump Pump
- Block Basement Construction
Parking
- 3 Car Parking Spaces
- Driveway
- 3 Open Parking Spaces
- Off-Street Parking
Additional Features
- Property is near public transit and schools
- Separate Meters
Listing and Financial Details
- Assessor Parcel Number 2826331
Community Details
Amenities
- Medical Services
- Coin Laundry
Recreation
- Park
Additional Features
- 10 Units
- Net Operating Income $97,200
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/16/2026 02/16/26 | Pending | -- | -- | -- |
| 02/16/2026 02/16/26 | For Sale | $1,200,000 | -- | $105 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73477536
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