283-289 Fifth St, Fall River MA 02721
Fall River, MA 02721
$999,000
Est. $5,834/month
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About this home
Rare opportunity to acquire a 5 unit package consisting of a 3 family and 2 family offered together for under $1M. Strong income potential with both buildings featuring vacancies, allowing a buyer to set market rents immediately. Fully rented, the property has the ability to generate close to $10,000 per month. Ideal for investor or owner occupant looking to scale with built in upside. Units offer functional layouts with solid bedroom counts and separate utilities. Off street parking and convenient location near major routes, shopping and amenities add to long term desirability. Excellent value add opportunity with significant rental growth potential. Buyers to perform their own due diligence.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
May 4, 2026
$999,000
Original listing
Agent: SRG Properties Group
Office: Century 21 North East Homes
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 05/04/2026 | 🏠 Listed for Sale | $999,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $6,991 | $611,600 |
Financial Details
Annual Property Tax
$6,991
Tax Year 2025
Assessed Value
$611,600
Facts & Features
Home Facts
Type
Residential Income
Style
5+ Family - 5+ Units Up/Down
Year Built
1940
Living Area
5,000 sq ft
Lot Size
0.17 acres
Bedrooms
10
Full Baths
5
Total Rooms
29
Investment Metrics
Units
5
Unit 1 Rent
$1,600/mo · N
Unit 2 Rent
— · N
Unit 3 Rent
— · N
Unit 4 Rent
$2,000/mo · N
Total Monthly Rent
$3,600/mo
Gross Income
$84,000
Net Operating Income
$84,000
Cap Rate
8.41%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
Full
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
Fenced/enclosed
Patio/Porch
None
Parking
Features
None
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$6,991
Assessed Value
$611,600
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
This Is 2 Buildings Of One 3 Family And One 2 Family.
Additional Details
Possession
None
Accepted Financing
Contract
Structure Type
[]
Sq Ft Source
Public Record
Sq Ft Disclosures
2 buildings
Documents
None
County
Bristol
Total market time (incl. prior listings)
82 days
Property Overview
Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
1940
Bedrooms
10
Full Bathrooms
5
Living Area
5,000 sq ft
Total Rooms
29
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
5,000 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Full
Laundry:
Security:
Construction & Materials
Year Built:
1940
Structure Type:
Exterior Materials:
Roof:
Foundation:
Granite
Stories:
5
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Fenced/Enclosed
Other Structures:
Lot Features:
Cleared
Road Surface:
Parking & Garage
Parking Features:
Nearby Schools
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
Elementary Schools
10 schools
C-
John J Doran School
0.6 mi
|
#301 of 352
|
Score: 31.3
Improved 26 spots from last year
-26.9 below state avg
525 students
Diverse
Rising School
Diverse Student Body
Grades PK-08
Antioch School
1.1 mi
Grades PK-08
East Gate Christian Academy
1.1 mi
Grades PK-12
Espirito Santo School
1.3 mi
Grades PK-08
Holy Trinity School
1.3 mi
Grades PK-08
Holy Name School
1.5 mi
Grades PK-08
D
Henry Lord Community School
1.7 mi
|
#321 of 352
|
Score: 29.1
Improved 12 spots from last year
-29.1 below state avg
817 students
Diverse
Diverse Student Body
Grades PK-08
C
Atlantis Charter School
1.9 mi
|
#246 of 346
|
Score: 46.8
Improved 25 spots from last year
-11.4 below state avg
1,246 students
Diverse
Rising School
College Ready Curriculum
Grades K-12
D
Stone PK-12 School
1.9 mi
|
#370 of 346
|
Score: 35.9
Same rank as last year
56 students
Diverse
Diverse Student Body
Grades K-12
St. Michael School
2.0 mi
Grades PK-08
Middle Schools
3 schools
D
Matthew J Kuss Middle School
1.3 mi
|
#336 of 352
|
Score: 27.0
Dropped 1 spots from last year
-31.2 below state avg
646 students
Diverse
Diverse Student Body
Grades 06-08
C-
Morton Middle School
1.5 mi
|
#299 of 352
|
Score: 31.4
Improved 39 spots from last year
-26.8 below state avg
751 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
C-
Talbot Innovation School
1.6 mi
|
#309 of 352
|
Score: 30.6
Dropped 25 spots from last year
-27.6 below state avg
582 students
Diverse
Diverse Student Body
Grades 06-08
High Schools
6 schools
C+
Argosy Collegiate Charter School
0.5 mi
|
#244 of 346
|
Score: 46.8
Improved 11 spots from last year
-11.4 below state avg
587 students
Diverse
7 sports
• 126 athletes
Early College Program
College Ready Curriculum
Diverse Student Body
Grades 06-12
F
Resiliency Preparatory Academy
0.8 mi
|
#393 of 346
|
Score: 16.3
Same rank as last year
171 students
Very Diverse
Diverse Student Body
Grades 07-12
Fall River Deaconess Home School
1.0 mi
Grades 06-12
C+
Diman Regional Vocational Technical High School
1.7 mi
|
#242 of 346
|
Score: 47.1
Dropped 81 spots from last year
-11.1 below state avg
1,463 students
Moderate
13 sports
• 1,408 athletes
High Graduation Rate
Career Tech Programs
College Ready Curriculum
Grades 09-12
C+
B.M.C. Durfee High School
2.1 mi
|
#225 of 346
|
Score: 49.2
Improved 98 spots from last year
-9 below state avg
2,642 students
Diverse
18 sports
• 1,452 athletes
Early College Program
Rising School
Career Tech Programs
Strong Athletics
Grades 09-12
Bishop Connolly High School
2.3 mi
Grades 09-12
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Monthly Payment Breakdown
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Property Tax
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Homeowners Insurance
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PMI (if <20% down)
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Loan Summary
Total of 360 payments
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
283-289 Fifth St, Fall River MA 02721
Fall River, MA 02721
Listing Information
Listing Agent
SRG Properties Group
Listing Office
Century 21 North East Homes
Office Phone
781-789-2748
Agent MLS ID
TM337687
Office MLS ID
AN8385
Listing Data Updated
Jul 25, 2026 12:19 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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