523 Second Street, Fall River MA 02721
Fall River, MA 02721
$465,000
Est. $3,045/month
About this home
DIAMOND IN THE ROUGH - This 3-family property presents an opportunity for investors, contractors, or buyers looking to build equity through renovation. Offers over 3,200 sq ft of living area, separate utilities, off-street parking and newer roof. Lots of possibilities here. Conveniently located close to schools, shopping, commuter rail, and major highways. While the property does require work and is being sold "As Is" it offers the perfect chance to bring your vision and transform it into a high-performing asset. Due to its condition, it may not qualify for all types of financing, making it best suited for cash buyers or those utilizing renovation loans. Don’t miss the chance to unlock the full potential of this multi-family investment.
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Property History
Market Insights
Property Timeline
Status: Active under contract
Mar 26, 2026
Active → Active Under Contract
Pending Sale
Mar 25, 2026
Offer accepted, sale pending
Listed for Sale
Mar 19, 2026
$465,000
Original listing
Office: Berkshire Hathaway HomeServices Evolution Properties
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 03/26/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 03/25/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 03/19/2026 | 🏠 Listed for Sale | $465,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $5,924 | $516,000 |
Financial Details
Annual Property Tax
$5,924
Tax Year 2026
Assessed Value
$516,000
Facts & Features
1 Car Garage
Home Facts
Type
Residential Income
Style
3 Family
Year Built
1900
Living Area
3,240 sq ft
Lot Size
0.10 acres
Bedrooms
6
Full Baths
3
Total Rooms
15
Investment Metrics
Units
3
Unit 1 Rent
$800/mo · N
Unit 2 Rent
— · N
Unit 3 Rent
$800/mo · N
Total Monthly Rent
$1,600/mo
Gross Income
$19,200
Net Operating Income
$19,200
Cap Rate
4.13%
Interior
Heating
Baseboard, Natural Gas, Space Heater
Cooling
None
Flooring
Vinyl, Carpet, Hardwood
Appliances
Range, Refrigerator
Fireplace
None
Basement
Full, Bulkhead, Unfinished
Laundry
None
Features
Living Room, Dining Room, Kitchen, Office/den
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
Rain Gutters
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch, Covered
Parking
Garage Spaces
1
Has Garage
Yes
Features
Paved Drive, Off Street, Paved
Total Spaces
5
Utilities
Electric
Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range
Financial
Annual Tax
$5,924
Assessed Value
$516,000
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Property Being Sold As Is.buyer(s) And Buyers Agents To Do Their Own Due Diligence And Verify All Data. Information Deemed Reliable, But Not Guaranteed.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Bristol
Total market time (incl. prior listings)
13 days
Property Overview
Property Type
3 Family
Listing Type
Sale Pending
Year Built
1900
Bedrooms
6
Full Bathrooms
3
Living Area
3,240 sq ft
Total Rooms
15
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,240 sq ft above grade
0 sq ft below grade
Display Options
Outdoor Areas
Patio & porchPorch, Covered
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:
Vinyl, Carpet, Hardwood
Appliances:
Range, Refrigerator
Interior Features:
Living Room, Dining Room, Kitchen, Office/Den
Windows:
Basement:
Full, Bulkhead, Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Concrete Perimeter, Stone, Other
Stories:
3
Heating, Cooling & Utilities
Heating:
Baseboard, Natural Gas, Space Heater
Cooling:
None
Hot Water:
Natural Gas, Tank
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Rain Gutters
Patio & Porch:
Porch, Covered
Fencing:
Other Structures:
Lot Features:
Gentle Sloping
Road Surface:
Paved
Parking & Garage
Garage Spaces:
1
Total Parking Spaces:
5
Parking Features:
Paved Drive, Off Street, Paved
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
0.4 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
0.9 mi
Grades PK-12
Antioch School
1.1 mi
Grades PK-08
Holy Trinity School
1.4 mi
Grades PK-08
Espirito Santo School
1.5 mi
Grades PK-08
Holy Name 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
1.9 mi
|
#370 of 346
|
Score: 35.9
Same rank as last year
56 students
Diverse
Diverse Student Body
Grades K-12
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
St. Michael School
2.0 mi
Grades PK-08
Middle Schools
3 schools
D
Matthew J Kuss Middle School
1.1 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
1.6 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
1.8 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
1.1 mi
Grades 06-12
C+
Diman Regional Vocational Technical High School
1.8 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
2.4 mi
Grades 09-12
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95% Interest
Year 15
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Location
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Neighborhood
523 Second Street, Fall River MA 02721
Fall River, MA 02721
Listing Information
Listing Agent
The Roberta K Team
Listing Office
Berkshire Hathaway HomeServices Evolution Properties
Office Phone
508-384-3435
Agent MLS ID
TM314032
Office MLS ID
AN5657
Listing Data Updated
Aug 1, 2026 10:47 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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