CCertihomes
251 Bank Street, Fall River, MA 02720

$669,000

7 beds 6 baths 5,421 sqft Built 18364 days on marketActive

About this home

Explore an exceptional investment opportunity in the vibrant heart of Fall River. This prime mixed-use property features SEVEN units, presenting a potential monthly income exceeding $7, 000. The building offers versatile spaces tailored for various uses. The ground floor can function as a compact office alongside a spacious 3-bedroom apartment, or be configured into a larger office setting. The second floor houses a studio apartment and two 1-bedroom apartments. The lower level includes an office and a 2-bedroom apartment, complemented by off-street parking for approx six cars. The walk-up attic offers potential for future development. This property has undergone several recent updates, new heating system, fresh interior paint, a couple units updated with new kitchens, bathrooms, and flooring. Strategically located within walking distance of local amenities and just minutes from upcoming commuter rail station, this property ensures residents quick and easy access to neighboring cities.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.2% APR.

Your estimated payment
$6,428/mo

Real estate (PITI + HOA + PMI)
$6,131
Principal + interest$4,314
Property tax + insurance$1,566
PMI / 2nd mortgage$251
Utilities
$627
Heating + cooling$152
Internet + TV + phone$157
Water + sewer + garbage$58
Transportation
$131
Car insurance + maintenance$131
Other (entertainment)
$157
$6,428/mo TLC
Budget$6,928/mo
Remaining after TLC$500/mo
Purchase price
$669,000
Down payment
$33,450 (5%)
Loan amount
$635,550
APR
7.2%

Quick facts

Type
5-9 Family
Style
Year built
1836
Lot size
0.11 ac
Stories
10
Heating
Cooling
Water
Public
HOA
Annual tax
$8,906
MLS #
73230811
County
Bristol

At a glance

Basement

Home features

Community
Public TransportationShoppingMedical FacilityLaundromatHighway AccessPublic SchoolT-Station
Flooring
Vinyl
Roof
Shingle
Sewer
Public Sewer

Lot features

Corner Lot

Neighborhood — 02720

MetricThis ZIPCountyUSA
Population29,8786,444,931299,088,112
Population Change Since19903.00%7.00%20.00%
Population Density2,694786
Male13,9543,127,134147,432,321
Female15,9443,317,797151,655,844
Never Married7,7421,612,88563,775,926
Married10,5462,586,314123,120,365
Separated1,300247,85712,639,686
Widowed2,762363,59415,467,586
Divorced2,465436,88823,075,029
Number Of House Hold12,9642,431,591111,826,380
Average House Hold Size2.232.562.60
Medial Age37.5737.2535.46
Median House Hold Income$36,032$57,698$48,276
Average House Hold Income$46,545$75,023$63,629
P C I$20,964$29,196$24,529
M D I$31,718$48,105$41,133
A T H E$41,554$57,083$50,898
S T R5.00%5.00%
W C J82.61%81.38%77.74%
(Zip) Code
2720

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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MLSPIN

Listing information last refreshed 5/1/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.