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1155-1157 Pleasant St Fall River, MA 2723

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For Sale
$3,325,000

Four buildings with 36 bedrooms and value-add upside.

Type:Investment
Added:
Apr 24, 2026
Days on Market:
4
Last Refresh:
Apr 24 at 4:41 pm

Property Features for 1155-1157 Pleasant St

General Information

Standard status
Active
Property subtype
Investment

Building Details

Year Built
1900

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Listing Contact
Alexander Osornio

Listing agent Alexander Osornio

Listing office NextGen Realty, Inc.

Listing date Apr 24, 2026

Source Elliman

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 NextGen Realty, Inc.


Overview

Mixed-Use Investment Opportunity

This mixed-use investment opportunity includes four buildings and a large parking lot with off-street parking. The portfolio consists of a 10-unit building (2 commercial, 8 residential), a 4-unit building (1 commercial, 3 residential), a 4-family building, and a 6-family building. In total, there are 36 bedrooms, including one 3-bedroom unit, thirteen 2-bedroom units, and the remaining units are 1-bedroom apartments, along with three commercial spaces. The current gross annual income is $365,400. There is potential to increase the cap rate to approximately 11.5% at market rents through modest increases. Commercial tenants include Metro PCS and a tattoo studio. The location has a walk score of 89, indicating it is very walkable, a bike score of 63, indicating it is bikeable, and a transit score of 43, indicating some transit options are available.
Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Fall River
County
Bristol
State
Massachusetts
Longitude
-71.1374973
Latitude
41.6930432

FAQs

What type of property is this?
Mixed-use property - Four buildings with 36 bedrooms and value-add upside.
Where is this mixed-use property located?
The property is located at 1155-1157 Pleasant St Fall River, MA.
What is the asking price?
The asking price for this property is $3,325,000.
What are key features of this property?
This property features: Exceptional mixed‑use investment opportunity with four buildings and a large parking lot.; Current gross income of $365,400 annually, offered at an 8.2% cap rate.; Clear path to approximately 11.5% cap rate at market rents, creating significant value‑add upside.
More about this property
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