516-520 3rd St, Fall River, MA, 02721
About This Home
Presenting a well-maintained and fully rented 6-unit multifamily property located at 516–520 Third Street in Fall River. This turnkey investment offers immediate cash flow and strong rental stability, making it an excellent addition to any portfolio.The property has undergone recent renovations, including new exterior siding and updated electrical systems, ensuring reduced maintenance and long-term durability. All units are currently occupied, providing consistent income from day one.Conveniently situated near local parks, major highways, shopping, and other amenities, the location is highly attractive to tenants and supports continued rental demand.This is a solid income-producing asset in a growing market, ideal for investors seeking both stability and upside potential.
Getting Around
Walker's Paradise
Good Transit
BikeableSchools
Construction
Condition
- Year built: 1900
Materials
- Foundation: Concrete Perimeter
Type & Style
- Home type: MultiFamily
- Property subType: 5+ Family - 5+ Units Up/Down
Interior
Basement
- Has basement: Yes
- Basement: Unfinished
Bedrooms & Bathrooms
- Bedrooms: 15
- Bathrooms: 12
- Full bathrooms: 6
- 1/2 bathrooms: 6
Features
- Finished area above ground: 6,282
Interior Area
- Total structure area: 6,282
- Total interior livable area: 6,282 sqft
Property
Details
- Zoning: R-6
Lot
- Lot size: 5,009 sqft
Parking
- Total spaces: 4
- Parking features: Paved Drive
- Has uncovered spaces: Yes
- Uncovered spaces: 4
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Massachusetts Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,573 | $78,876 |
| Home Insurance * | $555 | $6,660 |
| Property Taxes | $1,115 | $13,380 |
| Electricity | $1,238 | $14,865 |
| Total | $9,481 | $113,772 |
Income You'd Need if You Spent...
Massachusetts FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-02 | Listed for sale | $1,300,000 |
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