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Fall River 02721
516-520 Third St
$1,200,000
↓ $100K (7.7%)
● Multifamily - For Sale

516-520 Third St

Fall River, MA 02721
bedrooms
15 Beds
bathrooms
6 Baths, 6 Half Baths
square feet
6,282 Ft²
$6,559
Est. Monthly
3.38%
Cap Rate

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.
Unit Size
6,282 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$191
Property Type
Multifamily
Property Taxes
$667
HOA Dues
-
Year Built
1900

Listed By

Stephanie Barreau
Vicente Realty, LLC

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Last updated: 2 months ago (MLSPIN #73511587)

Price History

Date / Event Date Event Price
Aug 27, 2026 Price Decreased $1,200,000
↓ $100K (7.7%)
Price Decreased
May 2, 2026 Listed by Vicente Realty, LLC $1,300,000
Listed by Vicente Realty, LLC
Jun 9, 1997 Sold
Sold
Jun 20, 1996 Sold
Sold

Property Highlights

Parking Available
Parking Details
Has Open Parking
Parking Features: Paved
Open Parking Spaces: 4
Interior Details
Half Bathrooms: 6
Full Bathrooms: 6
Rooms: 32
Basement: Unfinished
Exterior Details
Square Footage: 6282
Year Built Source: Public Records
Year Built: 1900
Building Area Total: 6282
Levels: 10
Building Area Units: Square Feet
Lot Size Area: 0.11
Lot Size Units: Acres
Lot Size Acres: 0.11
Lot Size Square Feet: 5009
Water Source: Public
Financial Details
Tax Assessed Value: $120,000
Tax Annual Amount: $8,000
Utilities Details
Sewer : Public Sewer

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By
20250423
04/23/2025
15 Bed
6 Bath
6282 ft²
$724,900
bedrooms
15 Bed
bathrooms
6 Bath
square feet
6282 ft²
$800,000 +10.36%
06/16/2025
Kimberly Silva
High Pointe Properties

Building Info

516 3rd Street 516 3rd Street, Fall River, MA 02721
  • 1 Unit for Sale
More about this Building
516 3rd Street
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