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Active Under Contract

62-64 School St, Fall River MA 02720

$899,995

Estimated $2,028.76/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $224,998.75

Total Rent: 88800/year

Estimated CAP Rate: 9.11%

10 Bedrooms

5 Full, 1 Half Baths

4,734 SqFt

Total Parking: 2

4,953 SqFt

Investors & owner-occupants! 4-unit multifamily offering INSTANT CASH FLOW! Bringing in market rents—$7,400/month. Well-kept 1 & 2 bed units on 1st level. 2nd floor is a massive 3 bed/1.5 bath with double parlor (convertible to 4th bed) and mini-splits. 3rd floor boasts a clean 4 bed with large kitchen & pantry. Updated kitchens, cosmetics, appliances, electrical & separate utilities. Tenants pay gas and electric. Landlord pays water and landscaping. Prime location for commuters and enjoying Fall River's growing waterfront. Minutes to the T Station, Charlton Hospital, downtown, waterfront parks, tennis court, marina, scenic boardwalk, multiple restaurants, breweries, cafes. Ideal Fall River investment to grow your portfolio. Turnkey and ready to collect rent!

This home has been viewed 9 times

Last Checked: June 17th, 2025 at 5:53am (Source: MLS PIN #73388392)

Gross Income: $88,800

Gross Expenses: $6,833

Net Income Calc: $81,967

CAP Rate: 9.11%

Water Views

Annual Expenses for 62-64 School St, Fall River MA 02720

Total Gross Expenses (Calculated)$6,833/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$6,833

Annual Income & Unit Breakdown for 62-64 School St, Fall River MA 02720

Total Gross Income (Calculated)$88,800

Unit 1

Rental Income$1,400

LeaseY

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$1,650

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

Unit 3

Rental Income$2,050

LeaseY

Bedrooms3

Bathrooms1 Full, 1 Half

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

Unit 4

Rental Income$2,300

LeaseY

Bedrooms4

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

General Information for 62-64 School St, Fall River MA 02720

Listing ID73388392

Property TypeMulti Family / 4 Family

Price$899,995 ($190.11/SqFt)

Style4 Family

CityFall River

CountyBristol

MLS Area

Neighborhood(s)

Approximate Living Area Total4,734 SqFt

Approximate Lot Size (Acres)0.11 acres

Total Parking2

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate,Renovated Since

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionOther

Accessible Features

Outdoor SpaceCovered, Patio, Porch

ZoningA-2

Zoning Details

Water ViewsYes

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 62-64 School St, Fall River MA 02720

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$88,800

Total Net Income By Broker$88,800

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnCompensation Offered But Not In Mls

Financial Information for 62-64 School St, Fall River MA 02720

Real Estate Taxes$6,833

Tax Year2025

Assessed Value$596,800

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$88,800

BostonRealEstate.com Gross Income

Total Net Income By Broker$88,800

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)9.11%

Location Information for 62-64 School St, Fall River MA 02720

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, T-station, Tennis Court(s), Marina, Private School, Sidewalks

Contact Information for 62-64 School St, Fall River MA 02720

Agent

Name: Matthew Daylor

MLS ID: CN229326

Office ID: AN3817

National Association ID: 450551154

Address: 106 Foote Street

City: Fall River

State: MA

Zip: 02724

Office

Name: Keller Williams South Watuppa

MLS Office ID: AN3817

Phone: 508-677-3233

Payment Calculator

, Interest

Property Taxes 569.42

Principal & Interest 5545.48

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Keller Williams South Watuppa

Matthew Daylor

Agent Phone

Office Phone

(508) 677-3233

Text Agent Call Agent Call Office

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EXIT

Active Under Contract

62-64 School St, Fall River MA 02720

$899,995

Annual Expenses for 62-64 School St, Fall River MA 02720

Annual Income & Unit Breakdown for 62-64 School St, Fall River MA 02720

General Information for 62-64 School St, Fall River MA 02720

Disclosures for 62-64 School St, Fall River MA 02720

Financial Information for 62-64 School St, Fall River MA 02720

Location Information for 62-64 School St, Fall River MA 02720

Contact Information for 62-64 School St, Fall River MA 02720

Agent

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Exclusive Listing Agent

Keller Williams South Watuppa

Matthew Daylor