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Active Under Contract

1498-1508 Pleasant Street, Fall River MA 02723

$1,200,000

Estimated $3,713.80/month Calculator

Multi Family

Total Units: 11

Price Per Unit: $109,090.91

Total Rent: 23100/year

Estimated CAP Rate: -2.22%

17 Bedrooms

8 Full, 3 Half Baths

12,093 SqFt

Total Parking: 0

7,488 SqFt

Fantastic Investment Opportunity! This exceptional 3 story mixed use property boasts (7) 2 Bedroom, (1) 3 Bedroom and the added bonus of (3) street level Commercial units. All units are current and TAW, with the exception of (1) business unit still under lease. The most recent updates include Roof (2025) Electric (2021) and several Hot Water Heaters over the past 3 years. Separate Utilities. Landlord is responsible for Water & Sewer for all units and Hot Water in (6) apartment and (2) business units. These 11 units are poised for future rent increases with room to maximize profitability as rents are below market value. This property is perfect for any investor looking for long term growth. Don't miss the chance to own this unique property providing substantial income potential in a vibrant coastal community. Rent Roll and Income/Expense docs available upon request. Schedule a tour today!

This home has been viewed 10 times

Last Checked: December 12th, 2025 at 6:03am (Source: MLS PIN #73459433)

Gross Income: $23,100

Gross Expenses: $49,763

Net Income Calc: $26,663

CAP Rate: -2.22%

Annual Expenses for 1498-1508 Pleasant Street, Fall River MA 02723

Total Gross Expenses (Calculated)$49,763/year

APOD AvailableNo

Heating

Electricity

Water$6,000

Gas$6,000

Insurance$11,547

Sewer$6,000

Trash Removal

Repair & Maintenance$2,000

Management$6,000

Miscellaneous$3,000

Real Estate Tax$21,216.10

Annual Income & Unit Breakdown for 1498-1508 Pleasant Street, Fall River MA 02723

Total Gross Income (Calculated)$23,100

Unit 1

Rental Income$825

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,100

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 1498-1508 Pleasant Street, Fall River MA 02723

Listing ID73459433

Property TypeMulti Family / 5+ Family

Price$1,200,000 ($99.23/SqFt)

Style5-9 Family

CityFall River

CountyBristol

MLS Area

Neighborhood(s)

Approximate Living Area Total12,093 SqFt

Approximate Lot Size (Acres)0.17 acres

Total Parking0

Garage Parking

Year Built1880

Year Built SourceOwner

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame, Brick, Stone

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionBlock,Granite

Accessible Features

Outdoor Space

ZoningB-L

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 1498-1508 Pleasant Street, Fall River MA 02723

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureMeasurements are approximate

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$50,935

Total Gross Income By Broker$114,900

Total Net Income By Broker$60,518

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 1498-1508 Pleasant Street, Fall River MA 02723

Real Estate Taxes$21,216.10

Tax Year2025

Assessed Value$1,336,100

Financial Data SourceOwner

Total Gross Expenses By Broker$50,935

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$114,900

BostonRealEstate.com Gross Income

Total Net Income By Broker$60,518

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-2.22%

Location Information for 1498-1508 Pleasant Street, Fall River MA 02723

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, House Of Worship, Public School, Shopping, Park, Medical Facility, Laundromat, Public Transportation, T-station, Pool, Marina, University

Contact Information for 1498-1508 Pleasant Street, Fall River MA 02723

Agent

Name: Dawn Gardner

Office

Name: Family First Realty

Phone: 401-385-3630

Payment Calculator

, Interest

Property Taxes 1768.01

Principal & Interest 7394.02

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Family First Realty

Dawn Gardner

Agent Phone

Office Phone

(401) 385-3630

Text Agent Call Agent Call Office

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EXIT

Active Under Contract

1498-1508 Pleasant Street, Fall River MA 02723

$1,200,000

Annual Expenses for 1498-1508 Pleasant Street, Fall River MA 02723

Annual Income & Unit Breakdown for 1498-1508 Pleasant Street, Fall River MA 02723

General Information for 1498-1508 Pleasant Street, Fall River MA 02723

Disclosures for 1498-1508 Pleasant Street, Fall River MA 02723

Financial Information for 1498-1508 Pleasant Street, Fall River MA 02723

Location Information for 1498-1508 Pleasant Street, Fall River MA 02723

Contact Information for 1498-1508 Pleasant Street, Fall River MA 02723

Agent

Office

Payment Calculator

Exclusive Listing Agent

Family First Realty

Dawn Gardner