Mixed-Use Investment
For Sale
$3,325,000
1155-1157 Pleasant St, Fall River, MA 02723
Four buildings with 36 bedrooms and value-add upside.
Days on Market100
Property Features for 1155-1157 Pleasant St
General Information
Standard status
Active
Property subtype
Investment
Building Details
Year Built
1900
Listing Agency:
NextGen Realty, Inc.
(617) 595-3215
Listed By:
Alexander Osornio · License #9528338
(617) 595-3215
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Aug 1 at 9:25AM
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.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
Explore this area
Business Placement
Demographics for 02723, MA
16,084
Population
7,976
Households
2
Avg Household Size
38
Median Age
13%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
10,053
Density / Sq Mi
$41,789
Median Household Income
$40,140
Median Earnings
$1,058
Median Rent
$312,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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.
