BEDS12
BATHS6 full
SQUARE FEET5,136
MLS#73489887
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Turnkey 6-unit investment property offering strong cash flow and a proven rental history. The end-of-year 2025 cap rate was 8.99%, with clear potential for immediate upside upon new ownership.The property consists of six 2-bedroom units, four units are equipped with space heaters, while two units feature forced air systems. All tenants are at will, providing investors with the flexibility to adjust rents to market rates and maximize returns.The building is set up for efficiency with separate utilities, with tenants responsible for their own expenses, helping keep operating costs low. Key updates have been completed, including electrical improvements and renovations throughout. This is an ideal opportunity for investors seeking a stable, income-producing asset with value-add potential, strong fundamentals, and the ability to increase NOI and long-term equity.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full, Partially Finished
Basement: Yes
Cooling: None
Heating: Space Heater, Forced Air
Lot Size: 0.09 Acres
Stories: 10.0
Taxes: $6,165
Year Built: 1900
Amenities
Living Room
Kitchen
Feature Descriptions
Appliances: Range, Refrigerator, None
Building Area Total: 5136
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 31
Dwelling Type: 5-9 Family
Electric: 100 Amp Service
HeatingY/N: 1
Lot Features: Other
Open Parking Y/N: Yes
Parcel Number: M:0K09 B:0000 L:0021,2829845
Parking Total: 0
Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
Rooms Total: 24
Sewer: Public Sewer
Units: 6
Water: Public
Listed By / Shown By
Listed By
Agency Name: Vicente Realty, LLC
Agency Phone: 508-944-3144
Agent Name: Merysa Berrios Sevilla
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 3,029.72 per month $2,224.45 Principal & Interest $513.75 Property Tax $291.52 Homeowner's Insurance
274 Harrison St | MLS# 73489887
This multi-family property located at 274 Harrison St, Fall River, MA 02723 is currently listed for sale with an asking price of $999,500. Search Fall River real estate on www.masiellogrouprealestate.com today.