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INVESTMENT SNAPSHOT
About this property
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
| Units | 24 |
| Living area | 21,000 sqft |
| Lot size | 17,800 sqft |
| Year built | 1900 |
| Price / sqft | $158 |
| County | Bristol |
| MLS # | 73477347 |
Listing status
| Days on market | 43 days |
| Listed on | February 15, 2026 |
Taxes & financials
| Annual property tax | $27,787 |
| Tax year | 2026 |
| Assessed value | $2,420,700 |
| Zoning | 5+ |
| Gross income (actual) | $379,200/yr |
| Net operating income (actual) | $294,355/yr |
| Total actual rent | $30,450/mo |
| Electric expense | $5,891/yr |
| Insurance expense | $13,037/yr |
Building & lot
| Stories | 5 |
| Total rooms | 81 |
| Lot size | 0.41 acres |
| Garage spaces | 0 |
| Parking spaces | 17 |
| Parking | Paved Drive, Leased, Assigned |
| Basement | Full |
| Foundation | Other |
| Roof | Shingle, Rubber, Other |
| Construction | Frame |
| Flooring | Wood, Tile, Carpet |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range |
Location
More about investing in Fall River →
Listing courtesy of NextGen Realty, Inc. — Zachary Conley. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 1155-1157 Pleasant Street, Fall River MA 02723 have?
It is a 24-unit multi-family property with 21,000 sqft of living area, built in 1900.
How long has 1155-1157 Pleasant Street, Fall River MA 02723 been on the market?
1155-1157 Pleasant Street, Fall River MA 02723 has been listed for 43 days (since February 15, 2026).
What is the estimated cap rate on this 24-family in Fall River?
Based on area median rents, the estimated cap rate is about 8.4%, with a Signal Score of 99/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $3,325,000 across 24 units, that works out to roughly $138,542 per unit.
What are the property taxes on 1155-1157 Pleasant Street, Fall River MA 02723?
Annual property taxes are $27,787 (2026), on an assessed value of $2,420,700.
What is the price per square foot?
At $3,325,000 for 21,000 sqft, that's about $158 per square foot.
Is there parking?
17 total parking spaces (paved drive, leased, assigned).
Where is this property located?
1155-1157 Pleasant Street, Fall River MA 02723 is in Fall River, Bristol County, MA 02723.
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