No photos available for this listing

$3,325,000

1155-1157 Pleasant Street, Fall River MA 02723
Fall River, MA 02723
Bedrooms
36
Bathrooms
23.4
Living area
21,000 sqft
Year built
1900

About this home

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.

Property details

MLS #
73477347
Property type
5-9 Family
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
N/A
Stories
5
Garage spaces
N/A
Lot size
0.41 acres
Loading map…

Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Mary Fonseca Elementary School
0.57 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
666
Student:teacher ratio
16.2:1
District
Fall River
Middle
Talbot Innovation School
0.64 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
620
Student:teacher ratio
11.7:1
District
Fall River
High
Diman Regional Vocational Technical High
0.82 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,421
Student:teacher ratio
11.1:1
District
Greater Fall River Regional Vocational Technical

Mortgage calculator

Estimate only — actual rate and payment depend on your lender, credit, and loan program.

$
%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$20,174/mo
$665,000 down
$2,660,000 loan
Principal & interest$17,253
Property tax (est.)$2,771
Home insurance (est.)$150

Similar homes you might like

Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated March 30, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.