246 Eagle Street, Fall River MA 02721

Fall River, MA 02721
$889,999
Est. $5,505/month
15
Beds
6
Baths
6,537
Sq Ft
$136
Price/Sq Ft
0.15
Acres
1900
Year Built
6
Parking
13 hours 54 minutes
Time on Market
For Sale Open House Listed Aug 31, 2026 • MLS# 73570133 Copied! • Updated Aug 31, 2026

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Open House Schedule

05
Sep
Saturday, September 5
11:00 AM - 11:15 AM EDT

About this home

Exceptional Six-Family Investment Opportunity in Fall River! This massive multi-family property offers over 6,537 square feet of living space and has an outstanding unit mix designed for strong rental income and long-term investment potential. Three of the six units feature three bedrooms, bonus rooms, and double parlors, providing an abundance of living space, while the remaining three units offer two bedrooms plus bonus rooms. The property also features a private driveway with off-street parking for all six units, a highly desirable amenity for tenants. Generating over $100,000 in annual rental income, this property presents a tremendous opportunity for investors seeking a substantial income-producing asset. Conveniently located with easy access to major highways, shopping, dining, and everyday amenities. A rare opportunity to acquire a large-scale six-family property with significant income potential and excellent rental appeal.

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Property History

Property Timeline

🏠
Listed for Sale
Aug 31, 2026
$889,999
Original listing
Agent: Nicole Rusin Office: Cheryl Darnbrough Real Estate

Tax History

Year Taxes Assessment
2026 $9,662 $841,600

Financial Details

Annual Property Tax
$9,662
Tax Year 2026
Assessed Value
$841,600

Facts & Features

Home Facts

Type Residential Income
Style 5-9 Family
Year Built 1900
Living Area 6,537 sq ft
Lot Size 0.15 acres
Stories 3
Bedrooms 15
Full Baths 6
Total Rooms 45

Investment Metrics

Units 6
Unit 1 Rent $1,650/mo · Y
Unit 2 Rent $1,550/mo · N
Unit 3 Rent $1,550/mo · Y
Total Monthly Rent $4,750/mo
Gross Income $90,000
Net Operating Income $57,000
Cap Rate 6.40%
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement Full
Laundry None
Features None
Construction None
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features Paved Drive, Off Street
Total Spaces 6
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $9,662
Assessed Value $841,600
Fee Includes None
Amenities None
Optional Fee Includes None
Lead Paint Unknown
Seller Disclosures This Property Currently Brings In A Yearly Income Of 90, 000 With One Vacant Unit. Once That Unit Is Filled This Building Will Bring In $110, 000 Based On Fair Market Rents
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Documents None
County Bristol

Property Overview

Property Type
5-9 Family
Listing Type
For Sale
Year Built
1900
Bedrooms
15
Full Bathrooms
6
Living Area
6,537 sq ft
Total Rooms
45
Stories
3
Levels
3

Floor Layout

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement: Full
Laundry:
Security:

Construction & Materials

Year Built: 1900
Structure Type:
Exterior Materials:
Roof: Shingle
Foundation: Granite
Stories: 3

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 6
Parking Features: Paved Drive, Off Street
School District
Fall River School District local
C-
School Safety 2024-25
8.4% Above Average
8.4% Suspensions 2.1% In-School
2.9% above state avg
E

Elementary Schools

3 schools
C-
John J Doran School
0.2 mi | #297 of 352 | Score: 32.0
Improved 30 spots from last year
-26.3 below state avg
524 students Diverse
Rising School Diverse Student Body
Grades PK-08
East Gate Christian Academy
0.6 mi
Grades PK-12
C
Carlton M. Viveiros Elementary School
1.0 mi | #649 of 825 | Score: 38.3
Improved 126 spots from last year
-19.9 below state avg
731 students Diverse
Rising School Diverse Student Body
Grades K-05
M

Middle Schools

3 schools
D
Matthew J Kuss Middle School
0.8 mi | #334 of 352 | Score: 27.0
Improved 1 spots from last year
-31.2 below state avg
676 students Very Diverse
Diverse Student Body
Grades 06-08
C-
Morton Middle School
1.6 mi | #294 of 352 | Score: 32.2
Improved 44 spots from last year
-26 below state avg
672 students Diverse
Rising School Diverse Student Body
Grades 06-08
C-
Talbot Innovation School
2.1 mi | #309 of 352 | Score: 30.9
Dropped 25 spots from last year
-27.3 below state avg
595 students Very Diverse
Diverse Student Body
Grades 06-08
H

High Schools

3 schools
C
Argosy Collegiate Charter School
0.7 mi | #264 of 346 | Score: 46.1
Dropped 9 spots from last year
-12.1 below state avg
604 students Diverse
7 sports • 126 athletes
Early College Program College Ready Curriculum Diverse Student Body
Grades 06-12
F
Resiliency Preparatory Academy
0.9 mi | #393 of 346 | Score: 16.3
Same rank as last year
151 students Very Diverse
Diverse Student Body
Grades 07-12
Fall River Deaconess Home School
1.2 mi
Grades 06-12
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Including down payment
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $805
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

246 Eagle Street, Fall River MA 02721

Fall River, MA 02721

Listing Information

Listing Agent Nicole Rusin
Listing Office Cheryl Darnbrough Real Estate
Office Phone 508-677-2423
Agent MLS ID CN241941
Office MLS ID FR0076
Listing Data Updated Aug 31, 2026 1:20 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

Steve Novak Real Estate
Steve Novak Real Estate
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