381 Pine St Fall River, MA 02720
Lower Highlands NeighborhoodEstimated payment $5,521/month
Highlights
- Deck
- Wood Flooring
- Walk-In Closet
- Property is near public transit
- Balcony
- Bathtub with Shower
About This Home
Fantastic 6-Unit Investment Opportunity Near New MBTA Station & Historic District. With updated market rents this property could be producing $111,000 annually! Don't miss your chance to own this well-maintained and thoughtfully cared-for 6-unit multifamily property, ideally located just minutes from the new MBTA station, the Historic District, and Battleship Cove. With strong cash flow potential and long-term upside, this property is a perfect fit for both investors and owner-occupants alike. Enjoy ample off-street parking behind the building, and a spacious basement offering additional storage and the potential for added income through coin-operated laundry. This is a rare opportunity in a rapidly developing area -- act fast! See attached offering memorandum for more info and details.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,671
Year Built
- Built in 1900
Lot Details
- 6,665 Sq Ft Lot
- Cleared Lot
Home Design
- Studio
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- Ceiling Fan
- Living Room
- Storage
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Range
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 7 Bedrooms
- Walk-In Closet
- 6 Full Bathrooms
- Bathtub with Shower
Parking
- 10 Car Parking Spaces
- Driveway
- 10 Open Parking Spaces
- Off-Street Parking
Outdoor Features
- Balcony
- Deck
Location
- Property is near public transit
Schools
- Westall Elementary School
- Morton Middle School
- Durfee High School
Utilities
- Window Unit Cooling System
- Heating System Uses Natural Gas
- Baseboard Heating
- Hot Water Heating System
- Separate Meters
Listing and Financial Details
- Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
- Assessor Parcel Number M:000N B:0008 L:0070,3425201
Community Details
Overview
- 6 Units
- Property has 1 Level
Amenities
- Shops
- Coin Laundry
Building Details
- Electric Expense $240
- Insurance Expense $4,800
- Water Sewer Expense $3,000
- Operating Expense $8,040
- Net Operating Income $102,960
Map
Home Values in the Area
Average Home Value in this Area
Tax 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.
| 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 | $6,034 | $527,000 | $117,000 | $410,000 |
| 2024 | $5,463 | $475,500 | $114,700 | $360,800 |
| 2023 | $4,940 | $402,600 | $103,300 | $299,300 |
| 2022 | $4,359 | $345,400 | $97,500 | $247,900 |
| 2021 | $4,037 | $291,900 | $93,100 | $198,800 |
| 2020 | $3,530 | $244,300 | $88,900 | $155,400 |
| 2019 | $3,359 | $230,400 | $92,900 | $137,500 |
| 2018 | $3,173 | $217,000 | $93,600 | $123,400 |
| 2017 | $3,038 | $217,000 | $93,600 | $123,400 |
| 2016 | $2,926 | $214,700 | $96,400 | $118,300 |
| 2015 | $2,808 | $214,700 | $96,400 | $118,300 |
| 2014 | $2,814 | $223,700 | $96,400 | $127,300 |
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 |
|---|---|---|---|---|
| 09/02/2026 09/02/26 | For Sale | $899,900 | -- | $185 / Sq Ft |
Purchase 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $323,000 | -- | |
| Foreclosure Deed | $10,500 | -- | |
| Deed | $130,000 | -- | |
| Deed | $2,500 | -- | |
| Deed | $8,000 | -- | |
| Deed | $1,000 | -- | |
| Foreclosure Deed | $10,500 | -- | |
| Deed | $15,000 | -- | |
| Foreclosure Deed | $8,000 | -- | |
| Deed | $35,000 | -- | |
| Deed | $29,000 | -- | |
| Deed | $64,500 | -- | |
| Deed | $54,500 | -- |
Mortgage 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 | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $320,000 | Commercial | |
| Previous Owner | $19,600 | Commercial |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73571132
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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Ask me questions while you tour the home.