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523 Second Street, Fall River MA 02721

$465,000

Estimated $1,248/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $155,000

Total Rent: 19200/year

Estimated CAP Rate:

6 Bedrooms

Baths

3240

Total Parking: 6 (1 Garage)

4,526 (0.10)

DIAMOND IN THE ROUGH - This 3-family property presents an opportunity for investors, contractors, or buyers looking to build equity through renovation. Offers over 3,200 sq ft of living area, separate utilities, off-street parking and newer roof. Lots of possibilities here. Conveniently located close to schools, shopping, commuter rail, and major highways. While the property does require work and is being sold "As Is" it offers the perfect chance to bring your vision and transform it into a high-performing asset. Due to its condition, it may not qualify for all types of financing, making it best suited for cash buyers or those utilizing renovation loans. Don’t miss the chance to unlock the full potential of this multi-family investment.

This home has been viewed 5 times

Last Checked: July 3rd, 2026 at 6:58am (Source: MLS PIN #73488933)

Gross Income: $19,200

Gross Expenses: $5,924

Net Income Calc: $13,276

Water Views

Annual Expenses for 523 Second Street, Fall River MA 02721

Total Gross Expenses (Calculated)$5,924/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax5924

Annual Income & Unit Breakdown for 523 Second Street, Fall River MA 02721

Total Gross Income (Calculated)$19,200

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

Rent IncludesHeat

General Information for 523 Second Street, Fall River MA 02721

Listing ID73488933

Property TypeMulti Family / 3 Family

Price465000 ($143.52/SqFt)

Style3 Family

CityFall River

CountyBristol

Neighborhood(s)

Approximate Living Area Total3240

Approximate Lot Size (Acres)0.1

Total Parking6 (1 Garage)

Garage Parking1

Year Built1900

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningA-2

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 523 Second Street, Fall River MA 02721

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsSome Of The Sellers' Personal Items Are Not Included In The Sale.

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 523 Second Street, Fall River MA 02721

Real Estate Taxes5924

Tax Year2026

Assessed Value$516,000

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 523 Second Street, Fall River MA 02721

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 523 Second Street, Fall River MA 02721

Agent

Name: The Roberta K Team

Office

Name: Berkshire Hathaway HomeServices Evolution Properties

Phone: 508-384-3435

Team Members

Payment Calculator

, Interest

Property Taxes 493.67

Principal & Interest 2865.18

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Berkshire Hathaway HomeServices Evolution Properties

The Roberta K Team

Agent Phone

Office Phone

(508) 384-3435

Text Agent Call Agent Call Office

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    [unparsed] => 523 Second Street, Fall River MA 02721
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EXIT

25 More Photos

Pending

523 Second Street, Fall River MA 02721

$465,000

Annual Expenses for 523 Second Street, Fall River MA 02721

Annual Income & Unit Breakdown for 523 Second Street, Fall River MA 02721

General Information for 523 Second Street, Fall River MA 02721

Disclosures for 523 Second Street, Fall River MA 02721

Financial Information for 523 Second Street, Fall River MA 02721

Location Information for 523 Second Street, Fall River MA 02721

Contact Information for 523 Second Street, Fall River MA 02721

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Berkshire Hathaway HomeServices Evolution Properties

The Roberta K Team