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$ 1,825,000
Est. payment /mo
New
302-316 Hope Street Fall River, MA 02721
24 Beds
9 Baths
9,402 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,402 sqft
Price per Sqft $194
MLS Listing ID 73470285
Bedrooms 24
Full Baths 9
Year Built 1900
Annual Tax Amount $14,898
Tax Year 2025
Lot Size 0.320 Acres
Acres 0.32
Property Sub-Type 5-9 Family
Property Description
Rare opportunity to acquire two adjacent, well-maintained multifamily properties being sold together, totaling nine units with a shared, oversized parking lot that provides off-street parking for all tenants. The portfolio features a desirable mix of two- and three-bedroom apartments, many of which have been recently renovated with modern finishes and updated interiors, offering comfortable and contemporary living spaces. Despite these improvements, current rents remain below market, creating an attractive and immediate value-add opportunity for investors through rent optimization.Located in Fall River, approximately 20 miles southeast of Providence and 50 miles south of Boston, the properties benefit from excellent regional connectivity via I-195, Route 24, and Route 79. The recent extension of the South Coast Rail, providing direct commuter service to Boston, has further enhanced the appeal and long-term marketability of these units, making this an especially compelling
Location
State MA
County Bristol
Direction Google
Exterior
Roof Type Shingle
Total Parking Spaces 14
Garage No
Building
Story 3
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Choose Boston, LLC