1240-1246 N Main St - Apartments FOR SALE


Fall River, MA 02720- Western Fall River
$2,400,000 USD
781-776-4000
1240-1246 N Main St, Fall River, MA for Sale
$2,400,000 USD
Apartments - FOR SALE
1/15
null | 7.12% Cap Rate

1240-1246 N Main St
Fall River, MA 02720
Western Fall River


HIGHLIGHTS

  • Convenient Location
  • Value-Add Potential
  • Separate Utilities
  • Strong Rental Demographics & Demand
  • Quality of Life Amenities

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 1240-1246 N Main Street in Fall River, Massachusetts (the “Property”). The Property features a three-story building and contains fifteen (15), 2-Bedroom/1- Bathroom residential units with 11,423 square feet of living area in 15,983 square feet of total gross area on a 0.16-acre corner parcel. The wellmaintained Property features a new roof and offers upside potential as current occupants are tenants-at-will and in-place rents are below market rates giving a Buyer the potential to raise rents and increase current revenue immediately upon acquisition. The Property is well-located in a highly desired, densely populated residential neighborhood on the north side of Fall River and enjoys close proximity to Charlton Hospital, and to Fall River Depot, the new MBTA Train Station with service on the Fall River/New Bedford Line which commenced operations in March 2025. The Property is convenient to area schools and parks as well as to national and local retailers and restaurants. Fall River is also home to two branches of UMASS Dartmouth and Bristol Community College. The location offers convenient access to the Downtown, the banks of the Taunton River, and the area’s major roadways and public transportation options.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$210 USD /SF

# OF UNITS

15

PRICE/UNIT

$160,000

CAP RATE

7.12%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,804 SF

ZONING

G

APN/PARCEL ID

FALL-000012S-000000-000043

ASK ABOUT THIS PROPERTY

Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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Dennis KelleherHorvath & TremblayMore Info
781-776-4000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.