517 South Main St, Fall River MA 02721
Fall River, MA 02721
$995,000
$895,000
Est. $5,172/month
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About this home
Welcome to 517 South Main Street just steps from downtown, this three-story rooming house offers immediate access to all city amenities and consistent demand from local renters. The property features 18 rentable units, each pre-furnished, creating a turnkey setup for steady occupancy and streamlined management. Each floor includes a community bathroom, while several units offer enhanced private features: 4 units with full bathrooms, 9 rooms with private showers, 4 units equipped with kitchenettes, and every unit includes its own sink. Rents, appliances, and layouts vary by unit, allowing for flexible pricing strategies and value-add potential. The building is clean, well-maintained, and benefits from strong tenant continuity, making it an attractive option for investors seeking reliable cash flow.
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
10.1%
Price Range
Property Timeline
Price Reduced
Jul 20, 2026
$895,000
$100,000
(-10.05%)
From $995,000 to $895,000 (-10.1%)
Listed for Sale
Jun 10, 2026
$995,000
Original listing
Agent: John P. Viveiros
Office: Lamacchia Realty, Inc.
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/20/2026 | ↓ Price Reduced | $895,000 | $100,000 | - | From $995,000 to $895,000 (-10.1%) |
| 06/10/2026 | 🏠 Listed for Sale | $995,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $5,352 | $467,400 |
Financial Details
Annual Property Tax
$5,352
Tax Year 2026
Assessed Value
$467,400
Facts & Features
Home Facts
Type
Residential Income
Style
5+ Family - Rooming House
Year Built
1900
Living Area
5,080 sq ft
Lot Size
0.11 acres
Bedrooms
18
Full Baths
6
Half Baths
2
Total Rooms
18
Investment Metrics
Units
18
Unit 1 Rent
— · N
Unit 2 Rent
— · N
Interior
Heating
None
Cooling
None
Flooring
Varies
Appliances
None
Fireplace
None
Basement
Full, Interior Entry, Bulkhead, Unfinished
Laundry
None
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch
Parking
Features
Paved Drive, Off Street, Driveway
Total Spaces
1
Utilities
Electric
Circuit Breakers, 200+ Amp Service, Common
Water
Public
Sewer
Public Sewer
Gas
None
Other
Varies Per Unit
Financial
Annual Tax
$5,352
Assessed Value
$467,400
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
None
Exclusions
Tenants Belongings
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
White
Sq Ft Source
Public Record
Documents
None
County
Bristol
Total market time (incl. prior listings)
49 days
Property Overview
Property Type
5+ Family - Rooming House
Listing Type
For Sale
Year Built
1900
Bedrooms
18
Full Bathrooms
6
Half Bathrooms
2
Living Area
5,080 sq ft
Total Rooms
18
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
5,080 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch
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:
Varies
Appliances:
Interior Features:
Windows:
Basement:
Full, Interior Entry, Bulkhead, Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Granite, Irregular
Stories:
3
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Natural Gas, Tank
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Porch
Fencing:
Other Structures:
Lot Features:
Level
Road Surface:
Paved
Parking & Garage
Total Parking Spaces:
1
Parking Features:
Paved Drive, Off Street, Driveway
Special Features
View:
Yes
View Type:
City View(s)
Community Amenities:
Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University, Sidewalks
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
0.3 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
0.8 mi
Grades PK-12
Antioch School
1.1 mi
Grades PK-08
Holy Trinity School
1.5 mi
Grades PK-08
Holy Name School
1.6 mi
Grades PK-08
Espirito Santo School
1.6 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
D
Stone PK-12 School
1.8 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
C
Atlantis Charter School
2.1 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
Middle Schools
3 schools
D
Matthew J Kuss Middle School
1.0 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
1.9 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
0.6 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
1.1 mi
Grades 06-12
C+
Diman Regional Vocational Technical High School
1.9 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
2.2 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
2.5 mi
Grades 09-12
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$446
Homeowners Insurance
$200
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
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
517 South Main St, Fall River MA 02721
Fall River, MA 02721
Listing Information
Listing Agent
John P. Viveiros
Listing Office
Lamacchia Realty, Inc.
Office Phone
508-677-3629
Agent MLS ID
FR800061
Office MLS ID
AN8116
Listing Data Updated
Jul 24, 2026 3:05 AM 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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