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30 Units, Tours 9/10 and 9/17 859 Pine St 30 Unit Apartment Building $5,880,000 ($196,000/Unit) 7% Cap Rate Fall River, MA 02720
Executive Summary
****TOURS SEPTEMBER 10 and SEPTEMBER 17 from 11 AM- 1 PM
**Please register by sending an email to bberle@newengland-cre.com
This offering presents a unique opportunity to participate in the
ownership of a centrally located multi-family apartment building
located in the heart of Fall River.
This church-turned-residential apartment building features 30
occupied residential units with updated appliances and spacious
unit floor plans. Amenities provided to residents comprise a
shared laundry room on the first floor, off-street parking next to
the building, and a keyless entry system.
Residents and visitors alike enjoy the convenience of this
centrally located property. Situated within walking distance of
local shops, parks, and schools, and just 0.6 miles from I-195,
859 Pine Street offers easy access for commuters while
providing an ideal location for remote workers seeking nearby
amenities.
This asset is strategically positioned to capture growth in the
surrounding market, driven by strong population inflows, a
robust employment base, and a thriving local economy.
**Please register by sending an email to bberle@newengland-cre.com
This offering presents a unique opportunity to participate in the
ownership of a centrally located multi-family apartment building
located in the heart of Fall River.
This church-turned-residential apartment building features 30
occupied residential units with updated appliances and spacious
unit floor plans. Amenities provided to residents comprise a
shared laundry room on the first floor, off-street parking next to
the building, and a keyless entry system.
Residents and visitors alike enjoy the convenience of this
centrally located property. Situated within walking distance of
local shops, parks, and schools, and just 0.6 miles from I-195,
859 Pine Street offers easy access for commuters while
providing an ideal location for remote workers seeking nearby
amenities.
This asset is strategically positioned to capture growth in the
surrounding market, driven by strong population inflows, a
robust employment base, and a thriving local economy.
Data Room Click Here to Access
Property Facts
| Price | $5,880,000 | Lot Size | 0.82 AC |
| Price Per Unit | $196,000 | Building Size | 41,565 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 7% | No. Stories | 3 |
| No. Units | 30 | Year Built | 1899 |
| Property Type | Multifamily | Parking Ratio | 0.72/1,000 SF |
| Property Subtype | Apartment | Cross Streets | Orange St; Tremont St |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | M | ||
| Price | $5,880,000 |
| Price Per Unit | $196,000 |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.82 AC |
| Building Size | 41,565 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1899 |
| Parking Ratio | 0.72/1,000 SF |
| Cross Streets | Orange St; Tremont St |
| Opportunity Zone |
Yes |
| Zoning | M |
Amenities
Unit Amenities
- Heating
- Kitchen
- Hardwood Floors
- Oven
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | - | 750 |
| 2+1 | 2 | - | 1,000 |
| 3+2 | 4 | - | 1,336 |
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Very walkable
80/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | FALL-000013M-000000-000030 | Improvements Assessment | $1,525,600 |
| Land Assessment | $540,000 | Total Assessment | $2,065,600 |
Property Taxes
Parcel Number
FALL-000013M-000000-000030
Land Assessment
$540,000
Improvements Assessment
$1,525,600
Total Assessment
$2,065,600
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
30 Units, Tours 9/10 and 9/17 | 859 Pine St