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About this property
Rare opportunity to acquire a 5 unit package consisting of a 3 family and 2 family offered together for under $1M. Strong income potential with both buildings featuring vacancies, allowing a buyer to set market rents immediately. Fully rented, the property has the ability to generate close to $10,000 per month. Ideal for investor or owner occupant looking to scale with built in upside. Units offer functional layouts with solid bedroom counts and separate utilities. Off street parking and convenient location near major routes, shopping and amenities add to long term desirability. Excellent value add opportunity with significant rental growth potential. Buyers to perform their own due diligence.
Property details
| Units | 5 |
| Living area | 5,000 sqft |
| Lot size | 7,196 sqft |
| Year built | 1940 |
| Price / sqft | $200 |
| County | Bristol |
| MLS # | 73512335 |
Listing status
| Days on market | 4 days |
| Listed on | May 4, 2026 |
Taxes & financials
| Annual property tax | $6,991 |
| Tax year | 2025 |
| Assessed value | $611,600 |
| Zoning | R |
| Gross income (actual) | $84,000/yr |
| Net operating income (actual) | $84,000/yr |
| Total actual rent | $9,200/mo |
Building & lot
| Stories | 5 |
| Total rooms | 29 |
| Lot size | 0.17 acres |
| Garage spaces | 0 |
| Parking spaces | 0 |
| Basement | Full |
| Foundation | Granite |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Fall River →
Listing courtesy of Century 21 North East Homes — SRG Properties Group. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 283-289 Fifth St, Fall River MA 02721 have?
It is a 5-unit multi-family property with 5,000 sqft of living area, built in 1940.
How long has 283-289 Fifth St, Fall River MA 02721 been on the market?
283-289 Fifth St, Fall River MA 02721 has been listed for 4 days (since May 4, 2026).
What is the estimated cap rate on this 5-family in Fall River?
Based on area median rents, the estimated cap rate is about 5.9%, with a Signal Score of 92/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $999,000 across 5 units, that works out to roughly $199,800 per unit.
What are the property taxes on 283-289 Fifth St, Fall River MA 02721?
Annual property taxes are $6,991 (2025), on an assessed value of $611,600.
What is the price per square foot?
At $999,000 for 5,000 sqft, that's about $200 per square foot.
Where is this property located?
283-289 Fifth St, Fall River MA 02721 is in Fall River, Bristol County, MA 02721.
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