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INVESTMENT SNAPSHOT
About this property
Seller willing to contribute towards Buyer's closing costs and/or rate buy-down! 284 Broadway presents a turnkey mixed-use investment opportunity in Fall River featuring one commercial unit and two spacious residential apartments. The street-level commercial space is currently operating as a salon and has been nicely renovated with heat and central A/C, full bathroom, and a kitchenette. The property also includes four garage stalls equipped with mini-split systems providing both heating and cooling, offering flexibility for storage, workshop space, or additional income potential. The second and third floor apartments feature spacious 3-bedroom layouts with tankless heating systems and separate utilities. Well-maintained and functional throughout, this property offers strong income potential for investors or owner-occupants alike. Conveniently located with easy access to highways, shopping, restaurants, and local amenities.
Property details
| Units | 3 |
| Living area | 3,608 sqft |
| Lot size | 3,145 sqft |
| Year built | 1910 |
| Price / sqft | $205 |
| County | Bristol |
| MLS # | 73515702 |
Listing status
| Days on market | 27 days |
| Listed on | May 9, 2026 |
Taxes & financials
| Annual property tax | $5,602 |
| Tax year | 2025 |
| Assessed value | $489,300 |
| Zoning | A-2 |
| Gross income (actual) | $67,188/yr |
| Net operating income (actual) | $67,188/yr |
| Total actual rent | $0/mo |
Building & lot
| Stories | 3 |
| Total rooms | 14 |
| Lot size | 0.07 acres |
| Garage spaces | 4 |
| Parking spaces | 4 |
| Parking | Assigned |
| Foundation | Stone, Granite |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Fall River →
Listing courtesy of Divine Real Estate, Inc. — Zachary Midwood. 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 284 Broadway, Fall River MA 02721 have?
It is a 3-unit multi-family property with 3,608 sqft of living area, built in 1910.
How long has 284 Broadway, Fall River MA 02721 been on the market?
284 Broadway, Fall River MA 02721 has been listed for 27 days (since May 9, 2026).
What is the estimated cap rate on this 3-family in Fall River?
Based on area median rents, the estimated cap rate is about 4.7%, with a Signal Score of 82/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $739,800 across 3 units, that works out to roughly $246,600 per unit.
What are the property taxes on 284 Broadway, Fall River MA 02721?
Annual property taxes are $5,602 (2025), on an assessed value of $489,300.
What is the price per square foot?
At $739,800 for 3,608 sqft, that's about $205 per square foot.
Is there parking?
4 garage spaces and 4 total parking spaces (assigned).
Where is this property located?
284 Broadway, Fall River MA 02721 is in Fall River, Bristol County, MA 02721.
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