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575 N Main St 575 N Main St 18 Unit Apartment Building $2,700,000 ($150,000/Unit) 8% Cap Rate Fall River, MA 02720
Investment Highlights
- Access & Connectivity
- Off-Street Parking & Amenities
- Quality of Life Amenities
- Area Amenities & Demand Drivers
- Strong Rental Demographics & Demand
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 575 North Main Street in Fall River, MA (the “Property”). The four-story building contains eighteen (18) total units comprised of eight (8) 2-Bedroom/1-Bathroom units, four (4) 1-Bedroom/1-Bathroom units, and six (6) Studio units with 15,854 square feet of gross living area in 16,416 square feet of gross area. The Property is situated upon a 0.37-acre parcel and offers twenty (20) off street parking spaces. 575 North Main Street is well-positioned along North Main Street near downtown Fall River, offering strong visibility and convenient access to surrounding residential neighborhoods. The property provides quick connections to Route 79, Route 24, and I-195, ensuring efficient regional access to Providence, Greater Boston, and the South Coast, as well as Cape Cod. Nearby retail, dining, waterfront attractions, and community amenities further enhance livability and long-term tenant appeal.
Property Facts
| Price | $2,700,000 | Building Class | C |
| Price Per Unit | $150,000 | Lot Size | 0.38 AC |
| Sale Type | Investment | Building Size | 16,416 SF |
| Cap Rate | 8% | Average Occupancy | 100% |
| No. Units | 18 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 1.22/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | B-B | ||
| Price | $2,700,000 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 16,416 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1965 |
| Parking Ratio | 1.22/1,000 SF |
| Zoning | B-B |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Tub/Shower
- Carpet
Site Amenities
- 24 Hour Access
- Controlled Access
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | - | 900 |
1 1
Walk Score®
Very Walkable (81)
Property Taxes
| Parcel Number | FALL-000012O-000000-000013 | Improvements Assessment | $1,578,800 |
| Land Assessment | $396,600 | Total Assessment | $1,975,400 |
Property Taxes
Parcel Number
FALL-000012O-000000-000013
Land Assessment
$396,600
Improvements Assessment
$1,578,800
Total Assessment
$1,975,400
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575 N Main St | 575 N Main St
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