Own a remarkable piece of Fall River history with the iconic Benjamin Wardwell House, located in the prestigious Highlands Local Historic District. Built in 1845, this impressive Greek Revival boarding house offers a rare investment opportunity with 14 rental units featuring a variety of layouts, providing flexible pricing strategies and outstanding value-add potential. Rich in character and architectural significance, this historic property combines timeless appeal with income-producing possibilities. Fall River offers convenient access to major highways, waterfront attractions, shopping, dining, parks, and the South Coast Rail connection, making this a truly exceptional opportunity for investors and preservation enthusiasts alike. Photos may be digitally enhanced.
This home has been viewed 2 times
Last Checked: June 26th, 2026 at 9:28am (Source: MLS PIN #73541773)
Gross Income: $17,556
Gross Expenses: $5,428
Net Income Calc: $12,128
Water Views
Annual Expenses for 556 High Street, Fall River MA 02720
Total Gross Expenses (Calculated)$5,428/year
APOD AvailableYes
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax5428
Annual Income & Unit Breakdown for 556 High Street, Fall River MA 02720
Total Gross Income (Calculated)$17,556
Unit 1
Rental Income$0
LeaseN
Bedrooms0
Bathrooms
Floor1
Levels in Unit1
Rent IncludesHeat
Unit 2
Rental Income$0
LeaseN
Bedrooms0
Bathrooms
Floor1
Levels in Unit1
Rent IncludesHeat
Unit 3
Rental Income$0
Lease
Bathrooms
Rent IncludesHeat
Unit 4
Rental Income$0
Lease
Bathrooms
Rent IncludesHeat
General Information for 556 High Street, Fall River MA 02720
Listing ID73541773
Property TypeMulti Family
Price899900 ($211.84/SqFt)
Style5+ Family - Rooming House
CityFall River
CountyBristol
Neighborhood(s)
Approximate Living Area Total4248
Approximate Lot Size (Acres)0.13
Total Parking0
Garage Parking0
Year Built1845
Year Built SourcePublic Records
Year Built DetailsApproximate
WaterPublic
SewerPublic Sewer
Electric220 Volts
Hot Water
Roof MaterialAsphalt/fiberglass Shingles
BasementFull
Construction Materials
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features
Outdoor SpaceCovered
ZoningR-4
Water ViewsNo
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 556 High Street, Fall River MA 02720
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsLighting In Loft Area
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 556 High Street, Fall River MA 02720
Real Estate Taxes5428
Tax Year2026
Assessed Value$513,400
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 556 High Street, Fall River MA 02720
Elementary SchoolMary L. Fonseca Elementary
Middle SchoolJames M. Morton Middle School
High SchoolB.M.C. Durfee High School
Neighborhood(s)
Area AmenitiesWalk/jog Trails
Contact Information for 556 High Street, Fall River MA 02720