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1155-1157 Pleasant Street, Fall River MA 02723

$3,360,000

Estimated $7,763.80/month Calculator

Multi Family

Total Units: 24

Price Per Unit: $140,000

Total Rent: 63600/year

Estimated CAP Rate: -0.49%

36 Bedrooms

23 Full, 4 Half Baths

21,000 SqFt

Total Parking: 17

17,800 SqFt

Exceptional mixed-use investment opportunity featuring four buildings and a large parking lot with abundant off-street parking. The portfolio includes a 10-unit building (2 commercial, 8 residential), a 4-unit building (1 commercial, 3 residential), a 4-family, and a 6-family, totaling 36 bedrooms comprised of one 3-bedroom, thirteen 2-bedroom units, three commercial spaces, and the remaining 1-bedrooms. Current gross income is $365,400 annually, offered at an 8.2% cap rate. Clear path to approximately 11.5% cap at market rents through modest increases, creating significant value-add upside. Commercial tenants include Metro PCS and a tattoo studio, providing stable income alongside strong residential cash flow.

This home has been viewed 19 times

Last Checked: February 16th, 2026 at 6:48am (Source: MLS PIN #73477347)

Gross Income: $63,600

Gross Expenses: $80,190

Net Income Calc: $16,590

CAP Rate: -0.49%

Annual Expenses for 1155-1157 Pleasant Street, Fall River MA 02723

Total Gross Expenses (Calculated)$80,190/year

APOD AvailableYes

Heating$1,141

Electricity$5,891

Water$13,000

Gas$13,000

Insurance$13,037

Sewer$13,000

Trash Removal$1,600

Repair & Maintenance$4,300

Management

Miscellaneous$1,000

Real Estate Tax$27,787

Annual Income & Unit Breakdown for 1155-1157 Pleasant Street, Fall River MA 02723

Total Gross Income (Calculated)$63,600

Unit 1

Rental Income$1,200

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,400

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$1,450

LeaseY

Bedrooms3

Bathrooms1 Half

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 4

Rental Income$1,250

Lease

Bedrooms0

Bathrooms1 Half

Floor1

Levels in Unit1

HeatingNo

Rent Includes

General Information for 1155-1157 Pleasant Street, Fall River MA 02723

Listing ID73477347

Property TypeMulti Family / 5+ Family

Price$3,360,000 ($160/SqFt)

Style5-9 Family

CityFall River

CountyBristol

MLS Area

Neighborhood(s)

Approximate Living Area Total21,000 SqFt

Approximate Lot Size (Acres)0.41 acres

Total Parking17

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesOther, Corner Lot

Foundation Area

Foundation DescriptionOther

Accessible Features

Outdoor Space

Zoning5+

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 1155-1157 Pleasant Street, Fall River MA 02723

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureEstimated

Building Area SourceOther

Title 5

Exclusions

Disclosures

Financial Data SourceOwner, Pro. Forma Available, Other (see Remarks)

Total Gross Expenses By Broker$84,845

Total Gross Income By Broker$379,200

Total Net Income By Broker$294,355

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 1155-1157 Pleasant Street, Fall River MA 02723

Real Estate Taxes$27,787

Tax Year2026

Assessed Value$2,420,700

Financial Data SourceOwner, Pro. Forma Available, Other (see Remarks)

Total Gross Expenses By Broker$84,845

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$379,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$294,355

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-0.49%

Location Information for 1155-1157 Pleasant Street, Fall River MA 02723

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, T-station, Private School, University, Other

Contact Information for 1155-1157 Pleasant Street, Fall River MA 02723

Agent

Name: Zachary Conley

Office

Name: NextGen Realty, Inc.

Phone: 617-208-2100

Payment Calculator

, Interest

Property Taxes 2315.58

Principal & Interest 20703.25

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

NextGen Realty, Inc.

Zachary Conley

Agent Phone

Office Phone

(617) 208-2100

Text Agent Call Agent Call Office

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EXIT

Active

1155-1157 Pleasant Street, Fall River MA 02723

$3,360,000

Annual Expenses for 1155-1157 Pleasant Street, Fall River MA 02723

Annual Income & Unit Breakdown for 1155-1157 Pleasant Street, Fall River MA 02723

General Information for 1155-1157 Pleasant Street, Fall River MA 02723

Disclosures for 1155-1157 Pleasant Street, Fall River MA 02723

Financial Information for 1155-1157 Pleasant Street, Fall River MA 02723

Location Information for 1155-1157 Pleasant Street, Fall River MA 02723

Contact Information for 1155-1157 Pleasant Street, Fall River MA 02723

Agent

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Exclusive Listing Agent

NextGen Realty, Inc.

Zachary Conley