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Exceptional mixed-use investment opportunity featuring four buildings and a large parking lot with abundant off-street parking. The portfolio includes a 10-unit building (2 commercial, 8 residential), a 4-unit building (1 commercial, 3 residential), a 4-family, and a 6-family, totaling 36 bedrooms comprised of one 3-bedroom, thirteen 2-bedroom units, three commercial spaces, and the remaining 1-bedrooms. Current gross income is $365,400 annually, offered at an 8.2% cap rate. Clear path to approximately 11.5% cap at market rents through modest increases, creating significant value-add upside. Commercial tenants include Metro PCS and a tattoo studio, providing stable income alongside strong residential cash flow.

More Info

Basic Information

  • Gross Income $379,200
  • Listing Terms Other (See Remarks)
  • Lot Features Corner Lot, Other
  • Mls StatusActive
  • Parcel Number 2829778

Tax Information

  • Tax Assessed Value $2,420,700
  • Tax Year 2026
  • Taxes$27,787

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Leased, Assigned
  • Parking Spaces17

Rooms

  • Bathroom27
  • Bathrooms Total Decimal 25
  • Bedrooms36
  • Full Bath23
  • Half Baths4

Basic Information

  • List Price$3,325,000
  • MLS Number73477347
  • Modification Date03/30/2026
  • Property SubType5-9 Family

Location

  • Address1155-1157 Pleasant Street
  • Building Number1155-1157
  • CountyBristol
  • StateMA
  • StreetPleasant Street
  • TownFall River
  • Zip02723

Building

  • BasementFull
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationOther
  • Levels 5
  • Rooms81
  • Stories5
  • Units24
  • Utilities For Gas Range
  • Year Built1900
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.41

Interior

  • Flooring Wood, Tile, Carpet

Exterior

  • Exterior Features Rain Gutters, Other
  • RoofShingle, Rubber, Other

Utilities

  • Electric 110 Volts, Other (See Remarks)
  • Electric Expense 5891
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Other
  • Living Area 21,000
  • Lot Size Square Feet 17,800
  • Lot Size Units Acres
  • Square Feet21,000

Amenities

  • Amenities
    • Bike Path
    • Highway Access
    • House of Worship
    • Laundromat
    • Medical Facility
    • Other
    • Park
    • Private School
    • Public School
    • Public Transportation
    • Shopping
    • T-Station
    • University
    • Walk/Jog Trails
  • Other AmenitiesBasement

Legal

  • Zoning5+

Other

  • Date Listed02/15/2026
  • Farm Land Area Units Square Feet
  • View Count6

Map Location

Driving Directions

Listed by Zachary Conley of NextGen Realty,Inc.

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