1017 Pine Street, Fall River, MA 02723
Fully vacant six-family building with upgraded HVAC and on-demand hot water, separately metered utilities for new tenants.
- Added:
- Jun 6, 2026
- Days on Market:
- 18
- Last Refresh:
- Jun 10 at 2:32 am
Property Features for 1017 Pine Street
General Information
- Standard status
- Active
- Size
- 4,457 SF
- Property subtype
- 5-9 Family
Building Details
- Year Built
- 1900
Listing agent Martin Correia (508) 496-1282
Listing office ERA The Castelo Group (508) 496-1282
Listing date Jun 6, 2026
Source Lockandkeyre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of ERA The Castelo Group
HighLights
- Six‑family building built in 1900, fully vacant and ready for new tenants
- Upgraded HVAC systems throughout, with major system improvements already completed
- New on‑demand hot water units installed
- All utilities are separately metered for added convenience and efficiency
Overview
The property is located at 1017 Pine Street in Fall River, MA 02723. With the unit mix already in place and the key building systems improved, it offers a clear path to re-occupancy.
For buyers seeking a turnkey multifamily acquisition, the current vacancy status can reduce initial setup friction and allow immediate leasing efforts. Separately metered utilities can also be attractive for tenants and operators looking for cleaner, individual utility responsibility. Overall, it presents a practical option for an owner planning to stabilize occupancy while leveraging the completed mechanical upgrades.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $144.4k | $32.40 |
| − Vacancy | −$9.8k | −$2.20 |
| EGI | $134.6k | $30.20 |
| − OpEx | −$60.6k | −$13.59 |
| NOI | $74.0k | $16.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Fall River
- County
- Bristol
- State
- Massachusetts
- Longitude
- -71.1407856
- Latitude
- 41.7019833
