Wendy Sampson
Lion Gate Real Estate, Inc.
(508) 501-1745
29 Total Sales
1 in Father Kelly
$1,225,000 Price
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
Highlights
- Medical Services
- Property is near public transit and schools
- Park
- City View
- Wood Flooring
- 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.
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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
- Marble or Granite Building Materials
Interior Spaces
- 11,457 Sq Ft Home
- Property has 1 Level
- City Views
Flooring
- Wood
- Laminate
- 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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Father Kelly, MA
-
Wendy Sampson
-
Fred Grizotte
Fred Grizotte
Paiva Real Estate Services, LLC
(508) 501-3321
51 Total Sales
2 in Father Kelly
$515K - $610K Price Range
-
Stephen Gaskin
Stephen Gaskin
Residential Properties Ltd.
(774) 425-7127
112 Total Sales
2 in Father Kelly
$352,500 Price Range
-
Nancy Froias
Nancy Froias
Keller Williams South Watuppa
(774) 322-1994
16 Total Sales
1 in Father Kelly
$365,000 Price
-
The Highland Group
The Highland Group
Keller Williams South Watuppa
(774) 322-2988
107 Total Sales
2 in Father Kelly
$415K - $450K Price Range
-
Bill Thompson
Bill Thompson
Keller Williams Realty
(508) 501-9429
203 Total Sales
1 in Father Kelly
$650,000 Price
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
Seller's Agent in 2026
Derick Freitas
Amaral & Associates RE
(508) 418-3731
3 in this area
51 Total Sales
Map
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.
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