275 Bank St, Fall River, MA 02720
This exceptional investment opportunity presents a fully renovated four-unit apartment building located at 275 Bank Street in Fall River, Massachusetts, within a designated Opportunity Zone. The property boasts a total of 3,292 square feet and offers significant potential for increased revenue. Currently configured as four one-bedroom units, each unit commands monthly rental income ranging from $1,100 to $1,500, providing a steady cash flow. The building features modern updates throughout, including 98% efficient gas boilers with on-demand hot water systems, ensuring both cost-effectiveness and tenant comfort. High-quality finishes such as hardwood and ceramic flooring, stainless steel appliances, and spacious walk-in closets enhance the appeal to renters. The unique architectural detail of a circular stairwell adds character and charm. Further upside potential exists through the possible conversion to a five-unit building by adding a fire escape to the third floor, thereby increasing rental income and overall property value. This property is ideally situated in a desirable Fall River location, making it an attractive investment for both seasoned and new investors seeking strong returns in a thriving market. The property's excellent condition and prime location combine to create a compelling investment opportunity with significant potential for long-term growth. The address is 275 Bank Street, Fall River, MA 02720.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.