48 Ridge St Fall River, MA 02721
Corky Row NeighborhoodEstimated payment $5,930/month
Highlights
- Bay View
- Property is near public transit and schools
- Upgraded Countertops
- Landscaped Professionally
- Wood Flooring
- Window Unit Cooling System
About This Home
Opportunity for increased revenue for this rare investment opportunity! Two homes on one lot—one 3-family and one 2-family—both with beautiful Bay views. The 3-family offers spacious 3-bed, 1-bath units featuring hardwood floors, carpeting, and plenty of natural light. The 2-family includes a comfortable 3-bed, 1-bath apartment and a 2 -bed, 1 bath apartment, both with a similar mix of hardwood and carpeted flooring. All units are in move-in condition, making this property ideal for owner-occupants or investors seeking immediate rental income. Conveniently located with easy highway access, this property combines strong rental potential with scenic surroundings.
Listing Agent
Mark Barter
HomeSmart Professionals Real Estate Listed on: 08/19/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,731
Year Built
- Built in 1900
Lot Details
- 5,445 Sq Ft Lot
- Fenced
- Landscaped Professionally
Property Views
- Bay
- City
- Scenic Vista
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 5,647 Sq Ft Home
- Ceiling Fan
- Living Room
- Storm Doors
Kitchen
- Range
- Upgraded Countertops
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 14 Bedrooms
- 5 Full Bathrooms
- Bathtub with Shower
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Dirt Floor
- Block Basement Construction
Parking
- 1 Open Parking Space
- 1 Car Parking Space
- Off-Street Parking
Location
- Property is near public transit and schools
Utilities
- Window Unit Cooling System
- Space Heater
- 5 Heating Zones
- Heating System Uses Natural Gas
- 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 1080037,2827977
Community Details
Overview
- 5 Units
- Property has 3 Levels
Amenities
- Shops
Building Details
- Insurance Expense $4,590
- Water Sewer Expense $2,100
- Operating Expense $3,600
- Net Operating Income $22,330
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $9,731 | $849,900 | $107,800 | $742,100 |
| 2024 | $9,073 | $789,600 | $103,800 | $685,800 |
| 2023 | $8,068 | $657,500 | $85,800 | $571,700 |
| 2022 | $7,206 | $571,000 | $81,700 | $489,300 |
| 2021 | $6,600 | $477,200 | $77,700 | $399,500 |
| 2020 | $5,761 | $398,700 | $76,600 | $322,100 |
| 2019 | $5,074 | $348,000 | $73,700 | $274,300 |
| 2018 | $4,743 | $324,400 | $79,900 | $244,500 |
| 2017 | $4,395 | $313,900 | $76,100 | $237,800 |
| 2016 | $4,261 | $312,600 | $81,000 | $231,600 |
| 2015 | $4,089 | $312,600 | $81,000 | $231,600 |
| 2014 | $4,182 | $332,400 | $78,600 | $253,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/15/2025 12/15/25 | Pending | -- | -- | -- |
| 11/06/2025 11/06/25 | For Sale | $980,000 | 0.0% | $174 / Sq Ft |
| 10/31/2025 10/31/25 | Pending | -- | -- | -- |
| 08/19/2025 08/19/25 | For Sale | $980,000 | -- | $174 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | $175,000 | -- | |
| Deed | $175,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $140,000 | Commercial |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73419720
APN: FALL-000008I-000000-000037
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