516 Third St Fall River, MA 02721
Corky Row NeighborhoodEstimated payment $7,288/month
About This Home
Presenting a well-maintained and fully rented 6-unit multifamily property located at 516–520 Third Street in Fall River. This turnkey investment offers immediate cash flow and strong rental stability, making it an excellent addition to any portfolio.The property has undergone recent renovations, including new exterior siding and updated electrical systems, ensuring reduced maintenance and long-term durability. All units are currently occupied, providing consistent income from day one.Conveniently situated near local parks, major highways, shopping, and other amenities, the location is highly attractive to tenants and supports continued rental demand.This is a solid income-producing asset in a growing market, ideal for investors seeking both stability and upside potential.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,000
Year Built
- Built in 1900
Lot Details
- 5,009 Sq Ft Lot
Home Design
- 6,282 Sq Ft Home
- Concrete Perimeter Foundation
Bedrooms and Bathrooms
- 15 Bedrooms
Parking
- 4 Car Parking Spaces
- Driveway
- 4 Open Parking Spaces
Additional Features
- Unfinished Basement
Community Details
Overview
- 6 Units
- Property has 1 Level
Building Details
- Net Operating Income $111,600
Map
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 | Prior Sale |
|---|---|---|---|---|---|
| 08/27/2026 08/27/26 | Price Changed | $1,200,000 | -7.7% | $191 / Sq Ft | |
| 05/02/2026 05/02/26 | For Sale | $1,300,000 | +62.5% | $207 / Sq Ft | |
| 06/16/2025 06/16/25 | Sold | $800,000 | +10.4% | $127 / Sq Ft | View Prior Sale |
| 05/07/2025 05/07/25 | Pending | -- | -- | -- | |
| 04/23/2025 04/23/25 | For Sale | $724,900 | -- | $115 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73511587
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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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