Fantastic 6-Unit Investment Opportunity Near New MBTA Station & Historic District. With updated market rents this property could be producing $102,600 annually! Don’t miss your chance to own this well-maintained and thoughtfully cared-for 6-unit multifamily property, ideally located just minutes from the new MBTA station, the Historic District, and Battleship Cove. With strong cash flow potential and long-term upside, this property is a perfect fit for both investors and owner-occupants alike. Enjoy ample off-street parking behind the building, and a spacious basement offering additional storage and the potential for added income through coin-operated laundry. This is a rare opportunity in a rapidly developing area — act fast!
This home has been viewed 103 times
Last Checked: October 20th, 2025 at 4:43am (Source: MLS PIN #73370926)
Gross Income: $56,400
Gross Expenses: $11,884
Net Income Calc: $44,516
CAP Rate: 4.57%
Water Views
Annual Expenses for 381 Pine St, Fall River MA 02720
Total Gross Expenses (Calculated)$11,884/year
APOD AvailableYes
Heating
Electricity$250
Water$2,000
Gas$2,000
Insurance$3,600
Sewer$2,000
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$6,034
Annual Income & Unit Breakdown for 381 Pine St, Fall River MA 02720
Total Gross Income (Calculated)$56,400
Unit 1
Rental Income$900
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)
Unit 2
Rental Income$1,000
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)
Unit 3
Rental Income$1,300
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)
Unit 4
Rental Income$1,500
Lease
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)
General Information for 381 Pine St, Fall River MA 02720
Listing ID73370926
Property TypeMulti Family / 5+ Family
Price$974,999 ($199.92/SqFt)
Style5-9 Family
CityFall River
CountyBristol
MLS Area
Neighborhood(s)
Approximate Living Area Total4,877 SqFt
Approximate Lot Size (Acres)0.15 acres
Total Parking10
Garage Parking
Year Built1900
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesSloped, Cleared
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor SpaceDeck - Wood
ZoningN/A
Zoning Details
Water ViewsYes
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 381 Pine St, Fall River MA 02720
Lead Paint
UFFI
Living Area Includes BasementYes
Living Area DisclosureMeasurements are approximate
Building Area SourceOther
Title 5
Exclusions
Disclosures
Financial Data SourceEstimated, Owner
Total Gross Expenses By Broker$5,850
Total Gross Income By Broker$82,800
Total Net Income By Broker$82,800
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 381 Pine St, Fall River MA 02720
Real Estate Taxes$6,034
Tax Year2025
Assessed Value$527,000
Financial Data SourceEstimated, Owner
Total Gross Expenses By Broker$5,850
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$82,800
BostonRealEstate.com Gross Income
Total Net Income By Broker$82,800
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)4.57%
Location Information for 381 Pine St, Fall River MA 02720
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesHighway Access, Shopping, Laundromat, Public Transportation, T-station
Contact Information for 381 Pine St, Fall River MA 02720