1155-1157 Pleasant Street, Fall River, MA 02723
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1155-1157 Pleasant Street, Fall River, MA 02723
1155-1157 Pleasant Street, Fall River, MA 02723
1155-1157 Pleasant Street, Fall River, MA 02723
1155-1157 Pleasant Street, Fall River, MA 02723
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Katie Gellenbeck

Katie Gellenbeck

+1(206) 852-2256
$ 3,325,000
Est. payment /mo
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Price Dropped by $35K

1155-1157 Pleasant Street Fall River, MA 02723

36 Beds

25 Baths

21,000 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5-9 Family

Listing Status Active

Purchase Type For Sale

Square Footage 21,000 sqft

Price per Sqft $158

MLS Listing ID 73477347

Bedrooms 36

Full Baths 23

Half Baths 4

Year Built 1900

Annual Tax Amount $27,787

Tax Year 2026

Lot Size 0.410 Acres

Acres 0.41

Property Sub-Type 5-9 Family

Property Description

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.

Location

State MA

County Bristol

Zoning 5+

Direction GPS

Rooms

Basement Full

Interior

Flooring Wood, Tile, Carpet

Exterior

Exterior Feature Rain Gutters, Other

Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University, Other

Utilities Available for Gas Range

Roof Type Shingle,Rubber,Other

Total Parking Spaces 17

Garage No

Building

Lot Description Corner Lot, Other

Story 5

Foundation Other

Sewer Public Sewer

Water Public

Others

Senior Community false

Acceptable Financing Other (See Remarks)

Listing Terms Other (See Remarks)

Listed by NextGen Realty, Inc.

NEARBY SCHOOLS & PROPERTIES

Katie Gellenbeck

Katie Gellenbeck

Advisor | License ID: 9558572

+1(206) 852-2256

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1155-1157 Pleasant Street