Mixed-Use Investment Opportunity

1155-1157 Pleasant St, Fall River, MA 02723

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For Sale

$3,325,000

Four buildings with 36 bedrooms and value-add upside.

Type:Investment

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.
Portfolio includes 36 bedrooms across 10‑unit, 4‑unit, 4‑family, and 6‑family buildings.
Stable commercial tenants (Metro PCS and a tattoo studio) alongside strong residential cash flow.
Very Walkable location with a Walk Score of 89.

We can help!

Listing Contact

Alexander Osornio

Learn more

For Sale

$3,325,000

Four buildings with 36 bedrooms and value-add upside.

Type:Investment

Added:: Apr 24, 2026
Days on Market:: 50
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

We can help!

Listing Contact

Alexander Osornio

Listing agent Alexander Osornio License #9528338

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.

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.
Portfolio includes 36 bedrooms across 10‑unit, 4‑unit, 4‑family, and 6‑family buildings.
Stable commercial tenants (Metro PCS and a tattoo studio) alongside strong residential cash flow.
Very Walkable location with a Walk Score of 89.

Overview

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

Location Insight

Map
Local Demand

City: Fall River
County: Bristol
State: Massachusetts
Longitude: -71.1374973
Latitude: 41.6930432

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For sale
Mixed-use properties
MA
Fall River
02723
1155-1157 Pleasant St

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.