Welcome to 40 Park Street, a well-maintained three-family home in the heart of Fall River. Perfect for owner-occupants or savvy investors, this property features three spacious units—each offering 3 bedrooms, 1 bathroom, separate utilities, and hardwood flooring throughout.Enjoy updated kitchens and baths, a low-maintenance exterior. The property also includes a full basement with storage and laundry hookups. Located just minutes from downtown, public transportation, highway access, and the South Coast Rail station, this is a prime location for rental income or long-term.Whether you’re looking to expand your portfolio or live in one unit and rent the others, 40 Park Street is a must-see!Don’t miss this opportunity
This home has been viewed 15 times
Last Updated: April 1st, 2025 at 5:48am
Gross Income: $85,200
Gross Expenses: $5,806
Net Income Calc: $79,394
CAP Rate: 9.40%
Annual Expenses for 40 Park St, Fall River MA 02723
Total Gross Expenses (Calculated)$5,806/year
APOD AvailableNo
Heating$0
Electricity$0
Water$0
Gas$0
Insurance$0
Sewer$0
Trash Removal$0
Repair & Maintenance$0
Management$0
Miscellaneous$0
Real Estate Tax$5,806.49
Annual Income & Unit Breakdown for 40 Park St, Fall River MA 02723
Total Gross Income (Calculated)$85,200
Unit 1
Rental Income2300
LeaseY
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income2500
LeaseY
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit2
HeatingNo
Rent Includes
Unit 3
Rental Income2300
LeaseY
Bedrooms3
Bathrooms1 Full
Floor3
Levels in Unit3
HeatingNo
Rent Includes
General Information for 40 Park St, Fall River MA 02723
Listing ID73351969
Property TypeMulti Family / 3 Family
Price$845,000 ($187.53/SqFt)
Style
CityFall River
CountyBristol
MLS Area
Neighborhood(s)
Approximate Living Area Total4,506 SqFt
Approximate Lot Size (Acres)0.13 acres
Total Parking4
Garage Parking
Year Built1900
Year Built SourcePublic Records
Year RenovatedN/A
Year Built DetailsActual,Unknown/Mixed
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesCorner Lot
Foundation Area
Foundation DescriptionConcrete Perimeter
Accessible Features
Outdoor Space
ZoningB-B
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Interior Features for 40 Park St, Fall River MA 02723
Disclosures for 40 Park St, Fall River MA 02723
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$85,200
Total Net Income By Broker$85,200
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation3%
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Location Information for 40 Park St, Fall River MA 02723
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area Amenities
Contact Information for 40 Park St, Fall River MA 02723