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1155-1157 Pleasant Street Fall River, MA 02723
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Key Details
Sold Price $3,200,000
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 21,000 sqft
Price per Sqft $152
MLS Listing ID 73477347
Sold Date 09/04/26
Bedrooms 36
Full Baths 23
Half Baths 4
Year Built 1900
Annual Tax Amount $27,787
Tax Year 2026
Lot Size 0.410 Acres
Acres 0.41
Property Sub-Type 5-9 Family
Property Description
Exceptional mixed-use investment opportunity featuring four buildings and a large parking lot with abundant off-street parking. The portfolio includes a 10-unit building (2 commercial, 8 residential), a 4-unit building (1 commercial, 3 residential), a 4-family, and a 6-family, totaling 36 bedrooms comprised of one 3-bedroom, thirteen 2-bedroom units, three commercial spaces, and the remaining 1-bedrooms. Current gross income is $365,400 annually, offered at an 8.2% cap rate. Clear path to approximately 11.5% cap at market rents through modest increases, creating significant value-add upside. Commercial tenants include Metro PCS and a tattoo studio, providing stable income alongside strong residential cash flow.
Location
State MA
County Bristol
Zoning 5+
Direction GPS
Rooms
Basement Full
Interior
Flooring Wood, Tile, Carpet
Exterior
Exterior Feature Rain Gutters, Other
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University, Other
Utilities Available for Gas Range
Roof Type Shingle,Rubber,Other
Total Parking Spaces 17
Garage No
Building
Lot Description Corner Lot, Other
Story 5
Foundation Other
Sewer Public Sewer
Water Public
Others
Senior Community false
Acceptable Financing Other (See Remarks)
Listing Terms Other (See Remarks)
Read Less
Bought with Jamie Fortes • Amaral & Associates RE
Nearby Schools & Businesses
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