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Six-Unit Apartment Building
New
For Sale
$899,900

282 Sprague, Fall River, MA 02724

Fully occupied multifamily property with varied apartment layouts and separately metered units.

Property Size5,076 SF
Price / SF$177.29
Days on Market6

Property Features for 282 Sprague

General Information

Standard status Active
Size 5,076 SF
Property subtype Investment
Occupancy 100%

Units

Unit Mix 2 x 3BR, 3 x 2BR, 1 x 1BR
Multifamily Units 6

Additional Details

Gross Income $97,368
Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $8,354

Building Details

Building Size 5,076 SF
Year Built 1900
Buildings 1
Stories 4
Units 6
Tenancy Multi
Listing Agency:
Listed By: Lyndsey Pachon
Source: Elliman
Added: Aug 5 Changed: Aug 6 Last Checked: Aug 9 at 9:27AM

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 Lyndsey Pachon

Investment Insights

Based on property information with market context.

Located at 282 Sprague Street in Fall River, this 5,076-square-foot apartment building contains six occupied units with a combined 13 bedrooms and 6 baths. The configuration includes two 3-bedroom apartments, three 2-bedroom apartments, and one 1-bedroom apartment, providing a range of residential layouts within the property. Each unit is separately metered, supporting distinct utility responsibility across the building. Built in 1900, the property offers an established multifamily configuration and current occupancy. The location is near Kennedy Park, Fall River waterfront attractions, and local amenities. WalkScore is 86, classified as Very Walkable; BikeScore is 67, classified as Bikeable; and TransitScore is 43, classified as Some Transit.

Key Highlights

  • Six occupied apartment units with 13 bedrooms and 6 baths
  • Unit mix includes two 3‑bedroom, three 2‑bedroom, and one 1‑bedroom apartments
  • 5,076 sq. ft. multifamily building built in 1900

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Dental Office Hotel & Motel Acupuncture (Bike/Boat/Book/etc) Store Cosmetic Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,127
Businesses Nearby

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

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied multifamily property with varied apartment layouts and separately metered units.
Where is this apartment building located?
The property is located at 282 Sprague Fall River, MA.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Six occupied apartment units with 13 bedrooms and 6 baths; Unit mix includes two 3‑bedroom, three 2‑bedroom, and one 1‑bedroom apartments; 5,076 sq. ft. multifamily building built in 1900
More about this property
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