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.
- Basement:
- Full
- Parking:
- Assigned, Leased, Paved Drive
- Construction:
- Frame
- Exterior Unit Features:
- Rain Gutters, Other
- Flooring:
- Tile, Wood, Carpet
- Sewer:
- Public Sewer
- Water:
- Public
- Electric Feature:
- 110 Volts, Other (see Remarks)
- Garage Parking
- Lead Paint:
- Unknown
- Market Time:
- 4
- Parking Spaces:
- 17
- Tax Year:
- 2026
- Status:
- Active
- Price Per Sqft:
- $160
- Zoning:
- 5+
- No Units:
- 24
- Orig Price:
- $3,360,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Fall River
- State:
- MA
- County:
- Bristol
- Postal Code:
- 02723
- Longitude:
- W72° 51' 44.4''
- Latitude:
- N41° 41' 35.1''
Residential Income
1155-1157 Pleasant Street, Fall River, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $3,360,000
- Bedrooms :
- 36
- Rooms :
- 81
- Total Bathrooms :
- 25
- Full Bathrooms :
- 23
- Half Bathrooms :
- 4
- Square Footage :
- 21,000 Sqft
- Year Built :
- 1900
- Lot Area :
- 0.41 Acre
- Listing ID :
- 73477347
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com