Overview Property Details Payment Calculator Walkability

Active

489 Spring St., Fall River MA 02721

$999,900

Estimated $1,768.75/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $333,300

Total Rent: 91200/year

Estimated CAP Rate: 8.94%

9 Bedrooms

3 Full Baths

4,346 SqFt

Total Parking: 2

3,454 SqFt

Welcome to this newly built 3-family home, conveniently located on a corner lot near downtown Fall River just one block from the bus station and just over a mile to the MBTA commuter rail. Property was rebuilt from the foundation up with each unit featuring over 1,400 sq ft ...

This home has been viewed 52 times

Last Checked: June 21st, 2025 at 5:33am (Source: MLS PIN #73391481)

Gross Income: $91,200

Gross Expenses: $1,769

Net Income Calc: $89,431

CAP Rate: 8.94%

Annual Expenses for 489 Spring St., Fall River MA 02721

Total Gross Expenses (Calculated)$1,769/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$1,769

Annual Income & Unit Breakdown for 489 Spring St., Fall River MA 02721

Total Gross Income (Calculated)$91,200

Unit 1

Rental Income$2,600

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$2,500

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

Unit 3

Rental Income$2,500

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent Includes

General Information for 489 Spring St., Fall River MA 02721

Listing ID73391481

Property TypeMulti Family / 3 Family

Price$999,900 ($230.07/SqFt)

Style3 Family

CityFall River

CountyBristol

MLS Area

Neighborhood(s)

Approximate Living Area Total4,346 SqFt

Approximate Lot Size (Acres)0.08 acres

Total Parking2

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsRenovated Since

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame, Conventional (2x4-2x6)

Lot FeaturesCorner Lot, Cleared

Foundation Area

Foundation DescriptionGranite

Accessible Features

Outdoor SpaceCovered

ZoningCBD

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 489 Spring St., Fall River MA 02721

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureBased off Builders Plans

Building Area SourceOther

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$91,200

Total Net Income By Broker$91,200

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 489 Spring St., Fall River MA 02721

Real Estate Taxes$1,769

Tax Year2025

Assessed Value$154,500

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$91,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$91,200

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)8.94%

Location Information for 489 Spring St., Fall River MA 02721

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, Public School, Shopping, Laundromat, Public Transportation, Private School

Contact Information for 489 Spring St., Fall River MA 02721

Agent

Name: Christopher J. Paiva

MLS ID: FR001227

Office ID: AN1801

National Association ID: 450550603

Address: 1157 Read Road

City: North Dartmouth

State: MA

Zip: 02747

Office

Name: Paiva Real Estate Services, LLC

MLS Office ID: AN1801

Phone: 508-970-5612

Payment Calculator

$6,308.49 per month

30 Years Fixed, 6.75% Interest

Property Taxes $147.42

Principal & Interest $6,161.07

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Paiva Real Estate Services, LLC

Christopher J. Paiva

Agent Phone

Office Phone

(508) 970-5612

Text Agent Call Agent Call Office

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EXIT

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489 Spring St., Fall River MA 02721

$999,900

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Paiva Real Estate Services, LLC

Christopher J. Paiva