Log In/Sign Up
Your email has been sent.
799-801 N Main St 8 Unit Apartment Building $1,200,000 ($150,000/Unit) 10.04% Cap Rate Fall River, MA 02720



Investment Highlights
- A rare, fully stabilized multi-building investment offering immediate cash flow and significant upside.
Executive Summary
799–809 North Main Street is a unique, stabilized 8+ unit multi-family commercial property with views of the Taunton River. The "plus+" is an additional 1,319SF of leased commercial space. The offering provides a strong in-place income with a clear path to increased cash flow in one of Fall River’s most active up and coming rental corridors. The property currently generates $121,236 in annual income, with a pro forma gross of ~$134,400, plus the additional $6,600/year in leased commercial income, bringing total potential income to over $141,000. The two buildings sit on one 7,114 SF lot, BOTH updated with newer vinyl siding and roofs. The property features 8 total residential apartments, Front building contains four 1 bed 1 baths, Rear building contains four 2 bed 1 baths and a common area basement w washer/dryer hookups. ALL with separate utilities and central heat, including 2 units with central air. Tenants pay their own utilities. Professionally managed with consistent rent collections, the asset offers immediate upside through lease-up and rent alignment. Recent Navien high-efficiency boiler systems reduce future capital expenditure and improve operational efficiency, making this a true “plug-and-play” investment with stable cash flow and defined upside.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$106,552
|
$28.46
|
| Other Income |
$6,600
|
$1.76
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$113,152
|
$30.22
|
| Taxes |
$6,904
|
$1.84
|
| Operating Expenses |
$13,587
|
$3.63
|
| Total Expenses |
$20,491
|
$5.47
|
| Net Operating Income |
$92,661
|
$24.75
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $106,552 |
| Annual Per SF | $28.46 |
| Other Income | |
|---|---|
| Annual | $6,600 |
| Annual Per SF | $1.76 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $113,152 |
| Annual Per SF | $30.22 |
| Taxes | |
|---|---|
| Annual | $6,904 |
| Annual Per SF | $1.84 |
| Operating Expenses | |
|---|---|
| Annual | $13,587 |
| Annual Per SF | $3.63 |
| Total Expenses | |
|---|---|
| Annual | $20,491 |
| Annual Per SF | $5.47 |
| Net Operating Income | |
|---|---|
| Annual | $92,661 |
| Annual Per SF | $24.75 |
Property Facts
| Price | $1,200,000 | Apartment Style | Low-Rise |
| Price Per Unit | $150,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 10.04% | Building Size | 3,744 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1900/2025 |
| Zoning | B-L - The property offers flexible zoning that supports a broad range of commercial, professional, mixed-use, and residential opportunities. | ||
| Price | $1,200,000 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| Cap Rate | 10.04% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,744 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1900/2025 |
| Zoning | B-L - The property offers flexible zoning that supports a broad range of commercial, professional, mixed-use, and residential opportunities. |
Amenities
Unit Amenities
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Bay Window
- Tile Floors
- Refrigerator
- Range
- Views
- Deck
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,250 | 500 - 700 |
| 2+1 | 2 | $1,400 | 600 - 900 |
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | FALL-000010O-000000-000012 | Total Assessment | $449,000 |
| Land Assessment | $156,300 | Annual Taxes | $6,904 ($1.84/SF) |
| Improvements Assessment | $292,700 | Tax Year | 2025 |
Property Taxes
Parcel Number
FALL-000010O-000000-000012
Land Assessment
$156,300
Improvements Assessment
$292,700
Total Assessment
$449,000
Annual Taxes
$6,904 ($1.84/SF)
Tax Year
2025
1 of 21
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
799-801 N Main St
