344-354 E Main St Fall River, MA 02724
Father Kelly NeighborhoodEstimated payment $7,104/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 | For Sale | $1,200,000 | -- | $105 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73477536
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
- 240 Montaup St
- 340 Vale St
- 11 Palmer St
- 1334 S Main St
- 1273-1279 S Main St
- 82 Montaup St
- 917 Dwelly St
- 1175 S Main St
- 355 Peckham St
- 234 Kilburn St
- 119 Pebble St
- 20 Wilcox St
- 8 Gladding Place
- 636-644 Dwelly St
- 24 Hall St
- 250 Laurel St
- 76 Church St
- 1846 S Main St
- 1852 S Main St
- 644-648 King Philip St
- 754 Globe St Unit 1
- 107 Wilbur St Unit 3N
- 107 Palmer St Unit 2
- 106 Kilburn St Unit 1S
- 106 Kilburn St Unit 2S
- 106 Kilburn St Unit 2N
- 106 Kilburn St Unit 3S
- 106 Kilburn St Unit 1N
- 278 Griffin St Unit 1
- 840 Dwelly St Unit 2W
- 166 Hall St Unit 2
- 583 Center St Unit 3
- 73 Orswell St Unit 2E
- 386 Kilburn St
- 576 Slade St Unit 2
- 105 Church St Unit 2
- 54 Grinnell St Unit 2
- 452 Osborn St Unit 2
- 452 Osborn St Unit 3
- 37 Day St Unit 3rd floor apt.
Ask me questions while you tour the home.