Exceptional Six-Family Investment Opportunity in Fall River! This massive multi-family property offers over 6,537 square feet of living space and has an outstanding unit mix designed for strong rental income and long-term investment potential. Three of the six units feature three bedrooms, bonus rooms, and double parlors, providing an abundance of living space, while the remaining three units offer two bedrooms plus bonus rooms. The property also features a private driveway with off-street parking for all six units, a highly desirable amenity for tenants. Generating over $100,000 in annual rental income, this property presents a tremendous opportunity for investors seeking a substantial income-producing asset. Conveniently located with easy access to major highways, shopping, dining, and everyday amenities. A rare opportunity to acquire a large-scale six-family property with significant income potential and excellent rental appeal.
Multi-familyProperty Type
1900Year Built
6,599 sq ftLot Size
$136Price/Sq.Ft.
6 spacesParking
Listed by Nicole Rusin• Cheryl Darnbrough Real Estate
Middle Street-Broadway, located between Downtown Fall River and the Highlands, is a historic and mixed-use Fall River neighborhood with a mill-era streetscape and a Broadway corridor of storefronts. The neighborhood’s character concentrates around Broadway at Bedford Street, where corner shops, casual eateries, and service storefronts line the sidewalks under classic New England street trees. Triple-deckers and compact multifamily homes sit beside older commercial blocks, giving the area a lived-in, walkable rhythm. The Narrows Center for the Arts anchors nights with live music and gallery energy. Battleship Cove and the Fall River Heritage State Park add waterfront paths and big-sky views just off the grid. The Fall River Public Library’s Main Library brings a civic, architectural counterpoint to the neighborhood’s working-city texture.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
45 total rooms
Full basement
Bedrooms
Multiple units with several levels (unit-specific bedroom counts not provided)
Bathrooms
6 full bathrooms
Kitchen
No kitchen appliance details provided
Laundry & utility
No laundry appliance details provided
Flooring
No flooring details provided
Heating & cooling
No heating or cooling details provided
Exterior features
Public road frontage
Paved drive
Off-street open parking for 6 vehicles
Lot approximately 0.15 acres
Home design
5-9 family multiunit
3 stories total
Building has three levels (units vary between 1–3 floors)
Parking
Open paved parking for 6 vehicles
Security
No security details provided
Construction
Shingle roof
Granite foundation
Built (year from public records)
Utilities
Public water
Public sewer
HOA & community
Not a senior community
Nearby public transportation, T-station access, shopping, parks, laundromat, highway access, and public schools
Financial info
Active listing
Other
Total building area above grade 6,537 (unit areas not separately listed)
Below-grade finished area 2,179
Directions: Off of Columbia Street; use GPS
Electricity and solar
View estimated energy costs and solar savings for this home
**Deleaded** **Section 8 Approved** Great opportunity for investors to jump in before the South Coast Rail Project is completed, connecting Boston to Fall River! This location is very close to the new rail. This multi family is in decent condition. Multiple off street parking available. Coin operated Washer and Dryers on site. Rents listed are potential. Can be a package deal with 88 Arch St. (MLS#72562230). Units are fully occupied. Group showing on September 14th at 11 a.m. There is a meeting on Sept 17th for the new South Coast Rail Project at 6 p.m. at Keith Middle School, New Bedford. Property values are expected to increase after Phase 1 is completed. This is a 6 family unit fully rented! Needs a new roof and a little TLC. DO NOT TRESSPASS OR DISTURB THE TENANTS AT ANY TIME!
Public Records
Aug 14, 1998
Sold
$150,000
$23/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$6,955 (+15.2%)
$86,600 + $480,200
$566,800
2022
$6,036 (+10.7%)
$82,500 + $395,800
$478,300
2021
$5,452 (+5.3%)
$78,500 + $315,700
$394,200
2020
$5,180 (+10.4%)
$77,400 + $281,100
$358,500
2019
$4,693 (+14.1%)
$74,500 + $247,400
$321,900
2018
$4,114 (+5.9%)
$80,700 + $200,700
$281,400
2017
$3,886 (+4.2%)
$76,900 + $200,700
$277,600
2016
$3,731 (+4.2%)
$81,800 + $191,900
$273,700
2015
$3,580 (−0.7%)
$81,800 + $191,900
$273,700
2014
$3,607 (+2.9%)
$79,400 + $207,300
$286,700
2013
$3,507 (+6.0%)
$84,500 + $209,500
$294,000
2012
$3,309 (+7.3%)
$91,900 + $209,500
$301,400
2011
$3,083 (−15.3%)
$91,900 + $209,500
$301,400
2010
$3,640 (+4.5%)
$113,500 + $289,100
$402,600
2009
$3,484
$119,200 + $313,000
$432,200
Public record
Beds
18
Baths
6
Stories
3
Lot width
—
Lot depth
—
Lot size
6,534 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
6,537
Unfinished Sq. Ft.
—
Total Sq. Ft.
6,537
Year built
1900
Style
Multi-Family (5+ Unit)
County
Bristol County
APN
2825786
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
6/10 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
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Fall River, MA • 02721
Average low and high temperatures (°F)
35
23
37
24
49
34
58
43
67
53
79
63
82
68
79
62
74
59
64
50
54
40
41
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
79/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.6 hrs
3.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 246 Eagle St
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