289 Fifth St, Fall River MA 02721
Fall River, MA 02721
$625,000
$585,000
Est. $3,158/month
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About this home
Strong investment opportunity in Fall River! This well-maintained three-family property features three spacious 3-bedroom, 1-bath units, offering excellent rental potential in a high-demand market. Historically generating $5,400/month in gross rental income, this is ideal for investors seeking steady cash flow or owner-occupants looking to offset expenses. This building has 2 vacant units. Each unit offers functional layouts, generous living space, and strong tenant appeal. Conveniently located near local amenities, major routes, and ongoing area development, this property presents solid long-term upside. A turnkey, income-producing asset with consistent demand and strong fundamentals. Can be purchased with 283 Firth St as a package. Group showing this week.
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
6.4%
Price Range
Property Timeline
Pending Sale
Jul 25, 2026
Offer accepted, sale pending
Price Reduced
Apr 28, 2026
$585,000
$40,000
(-6.4%)
From $625,000 to $585,000 (-6.4%)
Listed for Sale
Apr 20, 2026
$625,000
Original listing
Agent: SRG Properties Group
Office: Century 21 North East Homes
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/25/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 04/28/2026 | ↓ Price Reduced | $585,000 | $40,000 | - | From $625,000 to $585,000 (-6.4%) |
| 04/20/2026 | 🏠 Listed for Sale | $625,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $0 | $0 |
Financial Details
Annual Property Tax
$0
Tax Year 2026
Assessed Value
$0
Facts & Features
Home Facts
Type
Residential Income
Style
3 Family - 3 Units Up/Down
Year Built
1900
Living Area
3,242 sq ft
Lot Size
0.0000
Stories
3
Bedrooms
9
Full Baths
3
Total Rooms
21
Investment Metrics
Units
3
Unit 1 Rent
$1,600/mo · N
Unit 2 Rent
— · N
Unit 3 Rent
— · N
Total Monthly Rent
$1,600/mo
Gross Income
$42,000
Net Operating Income
$42,000
Cap Rate
7.18%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Paved Drive
Utilities
Electric
Individually Metered
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
0.00
Assessed Value
0.00
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
If You See The Old Listing Property Has Been Divided. Property Taxes And Any Municipal Compliance To Be Settled By Closing. Seller Makes No Warranties Or Representations, Express Or Implied, As To The Accuracy Of Any Information Provided. Buyer And Buyer’s Agent To Perform All Due Diligence.
Exclusions
Any Tenant Owned Items.
Additional Details
Possession
None
Accepted Financing
Contract
Structure Type
[]
Sq Ft Source
Owner
Sq Ft Disclosures
The building is mapped together-This is a close approx.
Documents
None
County
Bristol
Total market time (incl. prior listings)
97 days
Property Overview
Property Type
3 Family - 3 Units Up/Down
Listing Type
Sale Pending
Year Built
1900
Bedrooms
9
Full Bathrooms
3
Living Area
3,242 sq ft
Total Rooms
21
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,242 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:
Laundry:
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Roof:
Foundation:
Granite
Stories:
3
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Parking Features:
Paved Drive
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
0.5 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
East Gate Christian Academy
1.0 mi
Grades PK-12
Antioch School
1.1 mi
Grades PK-08
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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After down payment
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
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Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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Rate Impact
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Payment Over Time
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
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
Aug 11, 2026 1:02 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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