Seller's Agent in 2026
Derick Freitas
Amaral & Associates RE
(508) 418-3731
3 in this area
50 Total Sales
344-354 E Main St Fall River, MA 02724
Father Kelly Neighborhood
21
Beds
9
Baths
11,457
Sq Ft
5,632
Sq Ft Lot Lot
Highlights
- Medical Services
- Granite Flooring
- Park
- City View
- Property is near public transit and schools
- 5-minute walk to Kelly Park
About This Home
As of May 2026Check 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
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
- Total Actual Rent $12,350
- Assessor Parcel Number 2826331
Community Details
Amenities
- Medical Services
- Coin Laundry
Recreation
- Park
Additional Features
- 10 Units
- Net Operating Income $97,200
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Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/08/2026 05/08/26 | Sold | $1,150,000 | -4.2% | $100 / 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)
Agents Affiliated with this Home
-
Derick Freitas
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73477536
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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.
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