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    1240-1246 N Main St Fall River, MA 02720

    For Sale
    $2,200,000

    Fifteen-unit multifamily property near Fall River MBTA station.

    Lot size:
    0.16 Acres

    Property Features for 1240-1246 N Main St

    General Information

    Lot size
    0.16 Acres

    Building Details

    Year built
    1900

    Source: Horvath & Tremblay Agent Spencer Smith

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multifamily Building Near MBTA Station

    The property at 1240-1246 N Main Street is a three-story building featuring fifteen 2-bedroom/1-bathroom residential units. The building has 11,423 square feet of living area within a total gross area of 15,983 square feet, situated on a 0.16-acre corner parcel. The property is well-maintained and features a new roof. Each unit is separately metered for electric, gas-fired heat, and gas-fired hot water, with tenants paying these utilities directly. The landlord is responsible for common area electric, domestic water, and sewer. Located on the corner of Hood Street and N Main Street in Fall River's north end, the property benefits from its location along the municipal bus line, with a stop in front of the building. It is also located 0.4 miles from the Fall River Depot, the new MBTA Train Station with direct service to Boston. The current occupants are tenants-at-will, and in-place rents are below market rates for comparable units in the area, offering upside potential.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Fall River
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.1494497
    Latitude
    41.7179048

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    FAQs

    What type of property is this?
    Apartment building - Fifteen-unit multifamily property near Fall River MBTA station.
    Where is this apartment building located?
    The property is located at 1240-1246 N Main St Fall River, MA.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: - Fifteen (15) 2-Bedroom/1 Bathroom residential units offer immediate income potential.; - New roof ensures reduced maintenance costs in the near term.; - Upside potential through rent increases as current rents are below market rates.
    (617) 688-9909
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1240-1246 N Main St Fall River, MA 02720
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