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344-354 E Main Street, Fall River MA 02724

Fall River, MA 02724
$1,200,000
Est. $7,141/month
21
Beds
8
Baths
11,457
Sq Ft
$105
Price/Sq Ft
0.13
Acres
1909
Year Built
13
Days on Market
Pending Listed Feb 16, 2026 • MLS# 73477536 Copied!

About this home

Check out this solid income-producing 10-unit mixed-use building in Fall River with strong cash flow and serious upside potential. The property includes seven 3-bedroom residential units, all fully occupied. Five of the units have been recently updated, making them attractive to tenants and positioning the property well for future rent growth. Three-bedroom apartments are always in demand, helping maintain stable occupancy. On the first floor, public record shows three commercial units. One is currently leased and operating as a business, while the remaining two commercial units have been combined and are presently used for owner storage, presenting a prime opportunity for repositioning. The property is currently generating approximately $100,000 in annual NOI, with room to conservatively increase rents by an additional $45,000 per year. If you’re looking for a strong, cash-flowing asset with upside in a growing market, this one checks the boxes.

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Property Overview

Property Type
5-9 Family
Listing Type
For Sale
Year Built
1909
Bedrooms
21
Full Bathrooms
7
Half Bathrooms
2
Living Area
11,457 sq ft
Total Rooms
35
Stories
4
Levels
4

Facts & Features

Home Facts

Type Residential Income
Style 5-9 Family
Year Built 1909
Living Area 11,457 sq ft
Lot Size 0.13 acres
Bedrooms 21
Full Baths 7
Half Baths 2
Total Rooms 35

Interior

Heating None
Cooling None
Flooring Vinyl, Varies, Laminate, Hardwood
Appliances Washer, Dryer
Fireplace None
Basement Full, Walk-out Access, Interior Entry, Sump Pump, Concrete
Laundry None
Features Laundry Room

Exterior

Construction Frame, Brick
Architecture None
Roof Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Paved Drive, Off Street
Total Spaces 3

Utilities

Electric Fuses, Circuit Breakers, Individually Metered, Varies Per Unit
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Gas Oven

Financial

Annual Tax $10,479
Assessed Value $767,300

Interior Features

Flooring: Vinyl, Varies, Laminate, Hardwood
Appliances: Washer, Dryer
Interior Features: Laundry Room
Windows:
Basement: Full, Walk-Out Access, Interior Entry, Sump Pump, Concrete
Laundry:
Security:

Construction & Materials

Year Built: 1909
Structure Type:
Exterior Materials: Frame, Brick
Roof: Rubber
Foundation: Granite
Stories: 4

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water: Natural Gas, Tank
Water Source: Public
Sewer: Public Sewer
Energy Features: Varies per Unit

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Level
Road Surface: Paved

Parking & Garage

Total Parking Spaces: 3
Parking Features: Paved Drive, Off Street

Special Features

View: Yes
View Type: City View(s)
Community Amenities: Public Transportation, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Sidewalks

Location

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Neighborhood

344-354 E Main Street, Fall River MA 02724

Fall River, MA 02724

Walkability

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Nearby Schools

School District
Fall River School District local
C-
School Safety 2024-25
8.4% Above Average
8.4% Suspensions 2.1% In-School
2.9% above state avg
E

Elementary Schools

3 schools
C
Carlton M. Viveiros Elementary School
0.5 mi | #653 of 824 | Score: 38.2
Improved 122 spots from last year
-20 below state avg
712 students Diverse
Rising School Diverse Student Body
Grades K-05
C
William S Greene School
0.8 mi | #609 of 824 | Score: 40.5
Improved 173 spots from last year
-17.8 below state avg
733 students Very Diverse
Rising School Diverse Student Body
Grades PK-05
East Gate Christian Academy
0.8 mi
Grades PK-12
M

Middle Schools

1 school
D
Matthew J Kuss Middle School
0.8 mi | #336 of 352 | Score: 27.0
Dropped 1 spots from last year
-31.2 below state avg
646 students Diverse
Diverse Student Body
Grades 06-08
H

High Schools

3 schools
C+
Argosy Collegiate Charter School
0.4 mi | #244 of 346 | Score: 46.8
Improved 11 spots from last year
-11.4 below state avg
587 students Diverse
7 sports • 126 athletes
Early College Program College Ready Curriculum Diverse Student Body
Grades 06-12
F
Resiliency Preparatory Academy
1.6 mi | #393 of 346 | Score: 16.3
Same rank as last year
171 students Very Diverse
Diverse Student Body
Grades 07-12
Fall River Deaconess Home School
1.9 mi
Grades 06-12
Learn about these ratings

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $873
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

35.4%
Price Range
1
Previous Sales

Property Timeline

📋
Status: Active under contract
Feb 17, 2026
Active → Active Under Contract
🏠
Listed for Sale
Feb 16, 2026
$1,200,000
Original listing
Agent: Derick Freitas Office: Amaral & Associates RE
Pending Sale
Feb 16, 2026
Offer accepted, sale pending
Previous Transaction - MLS #73082633
Full transaction history available when tracking began
🏷️
Previously Sold
Jan 5, 2024
$775,000
MLS #73082633

Price & Status History

Date Event Price Change
Feb 17, 2026 Status: Active under contract $0
Feb 16, 2026 New Listing Added $1,200,000
Jan 5, 2024 Sold $775,000

Market Statistics

Days on Market
13 days
Price per Sq Ft
$105

Tax History

Year Taxes Assessment
2026 $10,479 $767,300

Financial Details

Annual Property Tax
$10,479
Tax Year 2026
Assessed Value
$767,300

Listing Information

Listing Agent Derick Freitas
Listing Office Amaral & Associates RE
Agent MLS ID CN248938
Office MLS ID FR0160
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Market Analytics for Fall River, MA

Real-time market trends and pricing data for this area

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