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INVESTMENT SNAPSHOT
About this property
Presenting a well-maintained and fully rented 6-unit multifamily property located at 516–520 Third Street in Fall River. This turnkey investment offers immediate cash flow and strong rental stability, making it an excellent addition to any portfolio.The property has undergone recent renovations, including new exterior siding and updated electrical systems, ensuring reduced maintenance and long-term durability. All units are currently occupied, providing consistent income from day one.Conveniently situated near local parks, major highways, shopping, and other amenities, the location is highly attractive to tenants and supports continued rental demand.This is a solid income-producing asset in a growing market, ideal for investors seeking both stability and upside potential.
Property details
| Units | 6 |
| Living area | 6,282 sqft |
| Lot size | 5,009 sqft |
| Year built | 1900 |
| Price / sqft | $207 |
| County | Bristol |
| MLS # | 73511587 |
Listing status
| Days on market | 4 days |
| Listed on | May 2, 2026 |
Taxes & financials
| Annual property tax | $8,000 |
| Tax year | 8000 |
| Assessed value | $120,000 |
| Zoning | R-6 |
| Gross income (actual) | $111,600/yr |
| Net operating income (actual) | $111,600/yr |
| Total actual rent | $10,050/mo |
Building & lot
| Stories | 10 |
| Total rooms | 32 |
| Lot size | 0.11 acres |
| Garage spaces | 0 |
| Parking spaces | 4 |
| Parking | Paved Drive |
| Basement | Unfinished |
| Foundation | Concrete Perimeter |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Fall River →
Listing courtesy of Vicente Realty, LLC — Stephanie Barreau. 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 516-520 Third St, Fall River MA 02721 have?
It is a 6-unit multi-family property with 6,282 sqft of living area, built in 1900.
How long has 516-520 Third St, Fall River MA 02721 been on the market?
516-520 Third St, Fall River MA 02721 has been listed for 4 days (since May 2, 2026).
What is the estimated cap rate on this 6-family in Fall River?
Based on area median rents, the estimated cap rate is about 5.4%, with a Signal Score of 90/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $1,300,000 across 6 units, that works out to roughly $216,667 per unit.
What are the property taxes on 516-520 Third St, Fall River MA 02721?
Annual property taxes are $8,000 (8000), on an assessed value of $120,000.
What is the price per square foot?
At $1,300,000 for 6,282 sqft, that's about $207 per square foot.
Is there parking?
4 total parking spaces (paved drive).
Where is this property located?
516-520 Third St, Fall River MA 02721 is in Fall River, Bristol County, MA 02721.
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