Excellent investment opportunity in Fall River’s desirable Upper Highlands! Rents are at or above market rate!! This well maintained three-unit multi property delivers immediate income potential and a compelling opportunity to strengthen any investment portfolio. Each unit offers the convenience of in-unit or laundry access, while all tenants are currently tenant-at-will, giving the new owner valuable flexibility for future management and leasing strategies. Property highlights include ample off-street parking, and finished basement storage currently used by the second-floor unit. Many recent upgrades in all three units include flooring, modern kitchens, baths, and newer utilities . Units 1 and 2 utilize a 3rd bedroom with closets built. Ideally situated near major highways, shopping, dining, and Fall River’s MBTA commuter rail service to Boston, this property combines strong rental appeal with everyday convenience. Whether pursuing an owner-occupied investment or expanding a portfolio, 162 O’Grady Street offers income and flexibility, in a sought after Upper Highlands location.
Multi-familyProperty Type
1900Year Built
3,533 sq ftLot Size
$193Price/Sq.Ft.
2 spacesParking
Listed by Lauren Tansey Lima• LPT Realty - Home & Key Group
Bank Street, located between Downtown Fall River and the waterfront along the Taunton River, is a historic and civic Fall River neighborhood with granite-and-brick streetscapes and a courthouse-era skyline. The neighborhood’s character concentrates around the Government Center area near S Main St and Bedford St, where municipal buildings, lunch counters, and small storefronts set a weekday rhythm. Architectural cues lean late-19th-century commercial blocks, with stone civic facades breaking up rows of utilitarian storefronts. The Narrows Center for the Arts adds a nightly pulse in a former mill building turned performance venue. Battleship Cove and the Fall River Heritage State Park boardwalk pull the scene toward the river’s industrial past and open-air views. Cafes and galleries cluster in pockets, giving the streets a walkable, appointment-based feel.
Provided by Walk Score and Local Logic
Offer insights
162 O'grady St · $594,800
$625K and above
75% chance or better to win
Why $625K+ is a strong offer
DAYS ON MARKET
1 days
The average home goes pending in 31 days.
SALE-TO-LIST
101.2%
Most homes are selling 1% above list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Total of 14 rooms
Partially finished basement
Bathrooms
3 full bathrooms
Exterior features
Public road frontage
City views
Shingle roof
Home design
3-family property
3 total stories
White exterior
Parking
Paved driveway and off-street parking
2 open parking spaces (2 total parking spaces)
Construction
Frame construction
Concrete perimeter and block foundation
Built (approximate year per public records)
Utilities
Public water
Public sewer
100 Amp electric service
HOA & community
Access to public transportation, shopping, park, medical facility, laundromat, highway, house of worship, and public schools
Not a senior community
Electricity and solar
View estimated energy costs and solar savings for this home
Nice 3-family with double parlors on first and second floor, central heat in all apartments, most windows have been replaced, up dated electric box with circuit breakers. selling under assessed value. (price to sell)
Year
Property tax
Land + Additions
Assessment*
2023
$4,120 (+12.1%)
$84,300 + $251,500
$335,800
2022
$3,675 (+5.3%)
$80,300 + $210,900
$291,200
2021
$3,491 (+10.4%)
$76,400 + $176,000
$252,400
2020
$3,163 (+16.2%)
$75,300 + $143,600
$218,900
2019
$2,721 (+3.8%)
$72,500 + $114,100
$186,600
2018
$2,621 (+6.6%)
$78,500 + $100,800
$179,300
2017
$2,458 (+1.4%)
$74,800 + $100,800
$175,600
2016
$2,425 (+4.2%)
$79,600 + $98,300
$177,900
2015
$2,327
$79,600 + $98,300
$177,900
2014
$2,329 (+1.7%)
$77,300 + $107,800
$185,100
2013
$2,289 (+3.2%)
$82,200 + $109,700
$191,900
2012
$2,219 (+7.4%)
$89,400 + $112,700
$202,100
2011
$2,067 (−5.6%)
$89,400 + $112,700
$202,100
2010
$2,189 (+2.4%)
$110,400 + $131,700
$242,100
2009
$2,137
$116,000 + $149,100
$265,100
Public record
Beds
6
Baths
3
Stories
3
Lot width
—
Lot depth
—
Lot size
3,485 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
3,088
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,088
Year built
1900
Style
Multi-Family (2-4 Unit)
County
Bristol County
APN
2832987
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 19, 2023.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 96° expected this year, 15 days in 30 years
8/10 Wind Factor
80% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Fall River, MA • 02720
Average low and high temperatures (°F)
35
22
36
22
49
33
58
41
67
51
78
61
82
67
78
60
74
57
64
48
53
38
40
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
75/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.7 hrs
4.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 162 O'grady St
$593,918
$882 under list price of $595K
Nearby comparable homes
The Redfin Estimate uses 4 recent nearby sales, priced between $415K to $552K.