381 Pine St, Fall River MA 02720
Fall River, MA 02720
$899,900
Est. $5,306/month
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About this home
Fantastic 6-Unit Investment Opportunity Near New MBTA Station & Historic District. With updated market rents this property could be producing $111,000 annually! Don't miss your chance to own this well-maintained and thoughtfully cared-for 6-unit multifamily property, ideally located just minutes from the new MBTA station, the Historic District, and Battleship Cove. With strong cash flow potential and long-term upside, this property is a perfect fit for both investors and owner-occupants alike. Enjoy ample off-street parking behind the building, and a spacious basement offering additional storage and the potential for added income through coin-operated laundry. This is a rare opportunity in a rapidly developing area -- act fast! See attached offering memorandum for more info and details.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Sep 2, 2026
$899,900
Original listing
Agent: Esposito Group
Office: eXp Realty LLC
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/02/2026 | 🏠 Listed for Sale | $899,900 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $6,671 | $581,100 |
Financial Details
Annual Property Tax
$6,671
Tax Year 2026
Assessed Value
$581,100
Facts & Features
Home Facts
Type
Residential Income
Style
5-9 Family
Year Built
1900
Living Area
4,877 sq ft
Lot Size
0.15 acres
Stories
5
Bedrooms
7
Full Baths
6
Total Rooms
24
Investment Metrics
Units
6
Unit 1 Rent
$1,300/mo · N
Unit 2 Rent
$1,650/mo · Y
Unit 3 Rent
$1,750/mo · Y
Unit 4 Rent
$2,000/mo · Y
Total Monthly Rent
$6,700/mo
Gross Income
$111,000
Net Operating Income
$102,960
Operating Expenses
$8,040
Water/Sewer Expense
$3,000
Electric Expense
$240
Insurance Expense
$4,800
Cap Rate
11.44%
Interior
Heating
Electric, Other, Hot Water, Natural Gas, Baseboard
Cooling
Window Unit(s)
Flooring
Wood, Tile, Hardwood
Appliances
Range, Refrigerator
Fireplace
None
Basement
Full, Unfinished
Laundry
None
Features
Ceiling Fan(s), Storage, Studio, Bathroom With Tub & Shower, Walk-in Closet(s), Remodeled, Kitchen, Living Room
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
Balcony/deck
Pool
None
Spa
None
Fencing
None
Patio/Porch
Deck - Wood
Parking
Features
Paved Drive, Off Street
Total Spaces
10
Utilities
Electric
Individually Metered
Water
Public
Sewer
Public Sewer
Gas
None
Other
Varies Per Unit
Financial
Annual Tax
$6,671
Assessed Value
$581,100
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
6th Unit On First Floor, Studio Apartment, $800 Rent. Studio Has Electric Kicker For Heat, 3rd Floor Has Direct Vent Gas Heat, All Other Units Have Gas Furnaces For Heat. Current Rents Are Below Market, Long Term Tenants In Place, All Are Month To Month. Unit 4 Is Owner Occupied.
Exclusions
Tenants Personal Property
Additional Details
Possession
None
Accepted Financing
Contract
Structure Type
[]
House Color
Beige
Sq Ft Source
Public Record
Sq Ft Disclosures
Measurements are approximate.
Documents
None
County
Bristol
Property Overview
Property Type
5-9 Family
Listing Type
For Sale
Year Built
1900
Bedrooms
7
Full Bathrooms
6
Living Area
4,877 sq ft
Total Rooms
24
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,547 sq ft above grade
1,330 sq ft below grade
Display Options
Outdoor Areas
Patio & porchDeck - Wood
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:
Wood, Tile, Hardwood
Appliances:
Range, Refrigerator
Interior Features:
Ceiling Fan(s), Storage, Studio, Bathroom With Tub & Shower, Walk-In Closet(s), Remodeled, Kitchen, Living Room
Windows:
Basement:
Full, Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Stone
Stories:
5
Heating, Cooling & Utilities
Heating:
Electric, Other, Hot Water, Natural Gas, Baseboard
Cooling:
Window Unit(s)
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Balcony/Deck
Patio & Porch:
Deck - Wood
Fencing:
Other Structures:
Lot Features:
Cleared
Road Surface:
Parking & Garage
Total Parking Spaces:
10
Parking Features:
Paved Drive, Off Street
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
Antioch School
0.4 mi
Grades PK-08
C-
John J Doran School
0.7 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
Holy Name School
0.9 mi
Grades PK-08
St. Michael School
1.4 mi
Grades PK-08
East Gate Christian Academy
1.4 mi
Grades PK-12
Espirito Santo School
1.5 mi
Grades PK-08
Holy Trinity School
1.9 mi
Grades PK-08
D
Henry Lord Community School
2.3 mi
|
#324 of 352
|
Score: 29.4
Improved 9 spots from last year
-28.8 below state avg
846 students
Very Diverse
Diverse Student Body
Grades PK-08
C+
Atlantis Charter School
2.4 mi
|
#242 of 346
|
Score: 47.6
Improved 29 spots from last year
-10.6 below state avg
1,234 students
Diverse
High Graduation Rate
Rising School
College Ready Curriculum
Grades K-12
D
Stone PK-12 School
2.5 mi
|
#370 of 346
|
Score: 35.9
Same rank as last year
75 students
Diverse
Diverse Student Body
Grades K-12
Middle Schools
3 schools
C-
Morton Middle School
0.9 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
1.6 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
D
Matthew J Kuss Middle School
1.7 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
High Schools
6 schools
F
Resiliency Preparatory Academy
0.1 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
0.4 mi
Grades 06-12
C
Argosy Collegiate Charter School
1.2 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
C
Diman Regional Vocational Technical High School
1.5 mi
|
#249 of 346
|
Score: 47.2
Dropped 88 spots from last year
-11 below state avg
1,479 students
Moderate
13 sports
• 1,408 athletes
High Graduation Rate
Career Tech Programs
College Ready Curriculum
Strong Attendance
Grades 09-12
C+
B.M.C. Durfee High School
1.5 mi
|
#215 of 346
|
Score: 50.8
Improved 108 spots from last year
-7.4 below state avg
2,676 students
Very Diverse
18 sports
• 1,452 athletes
Early College Program
Rising School
Career Tech Programs
Strong Athletics
Grades 09-12
Bishop Connolly High School
1.8 mi
Grades 09-12
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Monthly Payment Breakdown
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Property Tax
$556
Homeowners Insurance
$200
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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
381 Pine St, Fall River MA 02720
Fall River, MA 02720
Listing Information
Listing Agent
Esposito Group
Listing Office
eXp Realty LLC
Office Phone
888-854-7493
Agent MLS ID
TM347375
Office MLS ID
AN5827
Listing Data Updated
Sep 2, 2026 12:52 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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