289 Bank St, Fall River, MA 02720
This exceptional eight-unit apartment building at 289 Bank Street in Fall River, Massachusetts, presents a compelling investment opportunity. Boasting 4,829 square feet, this mixed-use property is situated in the desirable Lower Highlands neighborhood, offering both commercial and residential potential. The building has recently undergone significant exterior renovations, including the installation of new vinyl siding, windows, roofing, attractive stonework, and striking corner columns. This substantial upgrade enhances curb appeal and significantly reduces future maintenance costs. While the interior has been partially gutted, this provides a blank canvas for a buyer to customize the finishes to their exact specifications, maximizing rental income and return on investment. The property's location within an Opportunity Zone adds further investment appeal, providing potential tax advantages. Its proximity to popular restaurants, thriving businesses, and the scenic waterfront ensures high occupancy rates and strong rental demand. This is a rare chance to acquire a well-positioned multifamily property in a rapidly developing area of Fall River, offering a blend of immediate income potential and long-term growth prospects. The property's zip code is 02720, and it's located in Bristol County.
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Lechan Harry M MD Physician
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Lechan Alan R MD Physician
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.