Welcome to 270 Bank Street, a versatile 4758 SF multi-family property in the heart of Fall River, offering a mix of residential and commercial potential. Currently configured with five efficiency apartments, three studio apartments, two 1-bedroom units, and one 2-bedroom unit, this property generates rental income with apartments leasing between $1,100 and $1,500 per month. The 3rd floor features unfinished space, possible for adding an additional 2-bedroom apartment to increase revenue potential. Additional amenities include ground-level office space, a large 4+ car garage, approximately 10 off-street parking spaces, a rare finds in this area. Positioned in Lower Highlands, near downtown, the waterfront, and the upcoming Fall River Train Station (scheduled to open in 2025), this property is set within an Opportunity Zone, offering potential tax incentives and high growth potential. Don’t miss this chance to invest in a high-demand, income-generating property. Sold As-Is.
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Last Updated: November 17th, 2024 at 5:28am
General Information for 270 Bank St, Fall River, Massachusetts 02720
Property TypeCommercial Sale
Property Sub TypeMulti Family
Price$975,000
Price per sqft$0
MLS #73311779
Handicap Access / FeaturesNo
List Date2024-11-12
Special Listing Conditions
StateMassachusetts
Street NameBank St
CityFall River
Zip Code02720
CountyBristol
MLS Status
Covered Parking Spaces
Heating Y/NNo
Heating System
Heat Zones
Sold Date
Property Sub TypeMulti Family
Building Area Source
Building Area Total4758
Building Area Units0
CarportNo
Close Date
Close Price$0
Covered Parking Spaces
Listing Service
UnparsedAddress270 Bank St, Fall River MA 02720
Zoning
Interior Features for 270 Bank St, Fall River, Massachusetts 02720
* Approx. Living Area Total4,758 sq ft
Living Area Includes Basement
Bedrooms0
* # Fireplaces0
Bathrooms (Total)0
Full Baths
* # Half Baths0
* # Rooms
Basement
Heating System
Appliances
Electric
Living Area Disclosure
Living Area Includes Basement
Door Features
ElectricNo
Electric$0
MLS Area (Major)
MLSPIN_BEDRMS_1
MLSPIN_BEDRMS_2
MLSPIN_BEDRMS_3
MLSPIN_BEDRMS_4
MLSPIN_FLRS_1
MLSPIN_FLRS_2
MLSPIN_FLRS_3
MLSPIN_FLRS_4
MLSPIN_F_BTHS_1
MLSPIN_F_BTHS_2
MLSPIN_F_BTHS_3
MLSPIN_F_BTHS_4
MLSPIN_GRE$0
MLSPIN_HTE$0
MLSPIN_H_BTHS_1
MLSPIN_H_BTHS_2
MLSPIN_H_BTHS_3
MLSPIN_H_BTHS_4
OffMarketDate
Exterior Features for 270 Bank St, Fall River, Massachusetts 02720
* Approximate Lot Size0.2 acres
Covered Parking Spaces
Lot Features
* Parking Spaces10
* Sewer Utilities
* Water Utilities
* Year Built1850
Year Built Details
Year Built Source
Construction Materials
Exterior Features
Foundation Area
Foundation Materials
Approx. Street Frontage
Horse PermittedNo
Horse Amenities
Parking Features
Utilities
Lot Size (Square Feet)8,712 Sqft
Disclosures for 270 Bank St, Fall River, Massachusetts 02720
Buyer Agent Compensation
Contingency
Financing
Disclosures
Documents Available
Exclusions
MLSPIN_COMP_BASED_ON
MLSPIN_COOP_COMP
MLSPIN_DISCLOSURE
Lead PaintUnknown
Living Area Disclosure
Living Area Includes Basement
Facilitator Compensation
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 270 Bank St, Fall River, Massachusetts 02720
Assessed Value
Real Estate Tax$0
Tax Year
Financial Data Source
Gross Income$0
Insurance Expense$0
MLSPIN_LEASE_1
MLSPIN_LEASE_2
MLSPIN_LEASE_3
MLSPIN_LEASE_4
MLSPIN_LEVELS_1
MLSPIN_LEVELS_2
MLSPIN_LEVELS_3
MLSPIN_LEVELS_4
MLSPIN_MGF$0
MLSPIN_MSE$0
MLSPIN_RENT1
MLSPIN_RENT2
MLSPIN_RENT3
MLSPIN_RENT4
MLSPIN_RFS$0
MLSPIN_RME$0
MLSPIN_SOLD_PRICE_PER_SQFT$0
NetOperatingIncome$0
OperatingExpense$0
OriginalListPrice$975,000
RENT_FEE_INCLUDES
TOTAL_RENT
WaterSewerExpense$0
Lifestyle Information for 270 Bank St, Fall River, Massachusetts 02720
FireplaceYNNo
Frontage Type
GarageYNNo
Waterview
Pool Features
Waterfront Features
Location information for 270 Bank St, Fall River, Massachusetts 02720
Elementary School
Middle School
High School
NumberOfUnitsTotal
Marketing History for 270 Bank St, Fall River, Massachusetts 02720
MLSPIN_MARKET_TIME_BROKER
MLSPIN_MARKET_TIME_PROPERTY
PurchaseContractDate
Agent Information for 270 Bank St, Fall River, Massachusetts 02720
Agent MLS IDCN220309
Office MLS IDAN6524
Buyer Agent MLS ID
Buyer Office MLS ID
Team Members
Payment Calculator
, Interest
Property Taxes $0
Principal & Interest 6007.64
HOA Dues $0
Exclusive Listing Agent
Erin Hovan
Berkshire Hathaway HomeServices Robert Paul Properties