526 3rd St, Fall River MA 02721
Fall River, MA 02721
$2,000,000
Est. $11,772/month
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About this home
INVESTORS DREAM- 10-UNIT CONDOMINIUM PACKAGE offering full control of the HOA and exceptional investment flexibility. Each unit consists of a spacious single-level 3-bedroom layout with in-unit laundry. Most units are currently occupied, with some recent vacancies providing immediate value-add potential through lease-up or resale. Each condominium is separately metered and equipped with its own gas-fired forced hot air heating system, gas hot water heater, and individual electric service. A single owner meter services the common areas and exterior needs. Investors can capitalize on strong rental demand by maintaining the property as a cash-flowing asset or pursue a phased condominium sell-off strategy to maximize returns. Whether you're seeking long-term income, value-add upside, or multiple exit strategies, this unique offering presents a rare opportunity in today's market. Don't miss your chance to control an entire
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Jun 19, 2026
$2,000,000
Original listing
Agent: The J. Pavao Team
Office: Keller Williams South Watuppa
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 06/19/2026 | 🏠 Listed for Sale | $2,000,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $17,507 | $0 |
Financial Details
Annual Property Tax
$17,507
Tax Year 2025
Assessed Value
$0
Facts & Features
Home Facts
Type
Residential Income
Style
5-9 Family
Year Built
1985
Living Area
11,772 sq ft
Lot Size
0.29 acres
Bedrooms
30
Full Baths
10
Total Rooms
50
Investment Metrics
Units
10
Unit 1 Rent
$1,850/mo · N
Unit 2 Rent
$1,850/mo · N
Unit 3 Rent
$1,850/mo · N
Unit 4 Rent
$1,850/mo · N
Total Monthly Rent
$7,400/mo
Gross Income
$222,000
Net Operating Income
$177,121
Operating Expenses
$60,348
Water/Sewer Expense
$4,800
Electric Expense
$600
Insurance Expense
$4,600
Cap Rate
8.86%
Interior
Heating
None
Cooling
None
Flooring
Tile, Vinyl, Vinyl / Vct, Hardwood
Appliances
None
Fireplace
None
Basement
None
Laundry
Electric Dryer Hookup, Washer Hookup
Features
None
Exterior
Construction
None
Architecture
None
Roof
Rubber
Features
Balcony
Pool
None
Spa
None
Fencing
Fenced/enclosed
Patio/Porch
None
Parking
Features
Paved Drive, Off Street
Total Spaces
15
Utilities
Electric
100 Amp Service
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range, For Electric Range, For Electric Dryer, Washer Hookup
Financial
Annual Tax
$17,507
Assessed Value
0.00
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
12 Condo Deeded Units, Building And Hoa Deed Is To Be Transferred To Buyer. Pro Forma Is Attached. We Have No Delinquencies! 3 Units Vacant Ready For Buyer; Market Rent Added To Pro Forma. Audio/video Recording Devices May Be Present At The Property. Some Photos May Have Been Digitally Enhanced.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
Grey
Sq Ft Source
Public Record
Documents
None
County
Bristol
Total market time (incl. prior listings)
4 days
Property Overview
Property Type
5-9 Family
Listing Type
For Sale
Year Built
1985
Bedrooms
30
Full Bathrooms
10
Living Area
11,772 sq ft
Total Rooms
50
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
11,772 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:
Tile, Vinyl, Vinyl / VCT, Hardwood
Appliances:
Interior Features:
Windows:
Insulated Windows
Basement:
Laundry:
Electric Dryer Hookup, Washer Hookup
Security:
Construction & Materials
Year Built:
1985
Structure Type:
Exterior Materials:
Roof:
Rubber
Foundation:
Concrete Perimeter
Stories:
5
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Thermostat
Exterior & Lot
Exterior Features:
Balcony
Patio & Porch:
Fencing:
Fenced/Enclosed
Other Structures:
Lot Features:
Cleared, Gentle Sloping
Road Surface:
Parking & Garage
Total Parking Spaces:
15
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
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
Holy Trinity School
1.3 mi
Grades PK-08
Espirito Santo School
1.4 mi
Grades PK-08
Holy Name School
1.6 mi
Grades PK-08
D
Henry Lord Community School
1.6 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
2.1 mi
Grades PK-08
Middle Schools
3 schools
D
Matthew J Kuss Middle School
1.2 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
1.7 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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Down: $0
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Monthly Payment Breakdown
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Property Tax
$1,459
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
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Location
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Neighborhood
526 3rd St, Fall River MA 02721
Fall River, MA 02721
Listing Information
Listing Agent
The J. Pavao Team
Listing Office
Keller Williams South Watuppa
Office Phone
508-677-3233
Agent MLS ID
TM357625
Office MLS ID
AN3817
Listing Data Updated
Jun 23, 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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