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INVESTMENT SNAPSHOT
About this property
Welcome to your next potential investment! This home is currently equipped for 2 families with a potential for a third and has endless opportunities. Recently renovated with new appliances, vinyl floors, roof elevation and replacement in 2024. Each unit features ample and comfortable living space, 2 bedrooms, and 1 full bath. Both units are currently occupied with tenants. There is plenty of natural light making the space feel open and inviting. The yard is fenced in and has a paved driveway as well as street parking. Conveniently located with easy access to the highway, nearby shopping areas, and just minutes from the Fall River MBTA.
Property details
| Units | 2 |
| Living area | 2,583 sqft |
| Lot size | 4,234 sqft |
| Year built | 1900 |
| Price / sqft | $232 |
| County | Bristol |
| MLS # | 73497931 |
Listing status
| Days on market | 57 days |
| Listed on | April 8, 2026 |
Taxes & financials
| Annual property tax | $5,322 |
| Tax year | 2025 |
| Assessed value | $464,800 |
| Zoning | R-4 |
| Gross income (actual) | $45,600/yr |
| Net operating income (actual) | $45,600/yr |
| Total actual rent | $3,800/mo |
Building & lot
| Stories | 3 |
| Total rooms | 12 |
| Lot size | 0.1 acres |
| Garage spaces | 0 |
| Parking spaces | 2 |
| Parking | Paved Drive, Off Street, Paved |
| Basement | Bulkhead, Concrete, Unfinished |
| Foundation | Stone |
| Roof | Shingle |
| Construction | Frame, Stone |
| Flooring | Vinyl, Carpet, Stone/Ceramic Tile |
Utilities & systems
| Heating | Natural Gas |
| Cooling | Window Unit(s) |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range |
| Appliances | Range, Dishwasher, Microwave, Refrigerator |
Location
More about investing in Fall River →
Listing courtesy of Coldwell Banker Realty - Sharon — Evanjuline Elisma. 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 477 Palmer St, Fall River MA 02721 have?
It is a 2-unit multi-family property with 2,583 sqft of living area, built in 1900.
How long has 477 Palmer St, Fall River MA 02721 been on the market?
477 Palmer St, Fall River MA 02721 has been listed for 57 days (since April 8, 2026).
What is the estimated cap rate on this 2-family in Fall River?
Based on area median rents, the estimated cap rate is about 3.9%, with a Signal Score of 71/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $600,000 across 2 units, that works out to roughly $300,000 per unit.
What are the property taxes on 477 Palmer St, Fall River MA 02721?
Annual property taxes are $5,322 (2025), on an assessed value of $464,800.
What is the price per square foot?
At $600,000 for 2,583 sqft, that's about $232 per square foot.
Is there parking?
2 total parking spaces (paved drive, off street, paved).
Where is this property located?
477 Palmer St, Fall River MA 02721 is in Fall River, Bristol County, MA 02721.
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