6-Unit Mixed-Use
1428-1434 Pleasant, Fall River, MA 02724
For Sale
New
$999,000
The building combines three residences, three commercial spaces, and warehouse area in one property.
Property Size4,404 SF
Days on Market5
Property Features for 1428-1434 Pleasant
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
RE/MAX Legacy
Listed By:
Blake Starratt
(774) 786-0924
Source:
Classifiedrealtygroup
Added: Nov 10
Changed: Nov 11
Last Checked: Nov 12 at 4:50AM
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 RE/MAX Legacy
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1918, this Fall River property brings together six units across residential and commercial uses. The residential component includes three units with four, three, and one bedroom, alongside three commercial spaces and warehouse area.
Two residences and one commercial space are vacant. The property is located at 1428-1434 Pleasant in Fall River, Massachusetts.
Two residences and one commercial space are vacant. The property is located at 1428-1434 Pleasant in Fall River, Massachusetts.
Key Highlights
- Six units: three residential and three commercial
- Residential mix includes 4‑bedroom, 3‑bedroom, and 1‑bedroom units
- Warehouse area is included with the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,143
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,462,860
$1.5M
Cap Rate 7%
$1,044,900
$1.0M
Cap Rate 9%
$812,700
$812.7K
Market Conditions
NOI Build-Up for 4,404 SF
Gross rent
$142.7K $32.40/SF
− Vacancy
−$9.7K −$2.20/SF
EGI
$133.0K $30.20/SF
− OpEx
−$59.8K −$13.59/SF
NOI
$73.1K $16.61/SF
Area
Bristol County, MA
Vacancy
6.80%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,462,860
Cap Rate 7%
$1,044,900
Cap Rate 9%
$812,700
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$914.3K – $1.22M
NOI $73,143 @ 7.0% cap · market cap 7.32%
Second Best
Warehouse
$815.1K
$713.2K – $950.9K
NOI $57,056 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$2.68M
$2.35M – $3.13M
NOI $187,737 @ 7.0% cap · market cap 18.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
986
Businesses Nearby
Explore this area
Business Placement
Demographics for 02724, MA
18,050
Population
8,808
Households
2
Avg Household Size
38
Median Age
15%
College-Educated
76%
High-School Grad
1.8 sq mi
ZIP Area
10,028
Density / Sq Mi
$49,809
Median Household Income
$42,334
Median Earnings
$1,105
Median Rent
$368,300
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Bristol County, MA
Properties on Market for Mixed-use properties in Bristol County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The building combines three residences, three commercial spaces, and warehouse area in one property.
Where is this mixed-use property located?
The property is located at 1428-1434 Pleasant Fall River, MA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Six units: three residential and three commercial; Residential mix includes 4‑bedroom, 3‑bedroom, and 1‑bedroom units; Warehouse area is included with the property
