Active

120 Days on market

216 Prospect St Fall River — Photo 1 of 40

Recent Drop: $1,000

$950,000

$949,000

Investment Analysis — 216 Prospect St

Fall River, MA 02720

Based on rent reported on the MLS listing, a 4-unit multi-family in 02720 carries $4,800/mo in gross rent — about a 3.90% cap rate and $36,978/yr in estimated NOI at the $949,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

3,452

Style

4 Family - 4 Units Up/Down

Built

1883

The seller is actively seeking offers and is willing to consider owner financing for well-qualified buyers. Rich in Fall River history, this grand property at 216 Prospect Street was once owned by Charlie Buffinton, the first famous professional baseball player to emerge from the city. Rich in character and filled with potential, the home is currently configured as a four-family residence but also presents a unique opportunity to be restored to an impressive single-family estate. The first-floor unit, ideal for an owner-occupant, offers approximately 1,800 square feet of living space and showcases many of the home’s original architectural details. It features a spacious kitchen, formal dining room, elegant living room with beautiful leaded-glass accents, two bedrooms, and two full bathrooms. Situated on a prominent corner lot, the property also offers a detached two-car garage, ample off-street parking, and space to create a future patio or outdoor entertaining area. Whether you envision restoring a historic single-family estate, occupying one unit while generating rental income, or expanding your investment portfolio, this distinctive property could be your home run.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.