517 South Main St Fall River — Photo 1 of 34
Recent Drop: $196,000
$799,000
Investment Analysis — 517 South Main St
Fall River, MA 02721
Based on HUD Small Area Fair Market Rent for Providence-Fall River, RI-MA HUD Metro FMR Area, a 18-unit multi-family in 02721 carries an estimated $21,420/mo in gross rent — about a 23.78% cap rate and $189,998/yr in estimated NOI at the $799,000 list price. Adjust every assumption in the calculator below.
Beds
18
Baths
7
SqFt
5,080
Style
5+ Family - Rooming House
Built
1900
Welcome to 517 South Main Street just steps from downtown, this three-story rooming house offers immediate access to all city amenities and consistent demand from local renters. The property features 18 rentable units, each pre-furnished, creating a turnkey setup for steady occupancy and streamlined management. Each floor includes a community bathroom, while several units offer enhanced private features: 4 units with full bathrooms, 9 rooms with private showers, 4 units equipped with kitchenettes, and every unit includes its own sink. Rents, appliances, and layouts vary by unit, allowing for flexible pricing strategies and value-add potential. The building is clean, well-maintained, and benefits from strong tenant continuity, making it an attractive option for investors seeking reliable cash flow.
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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility
Geography
Property History
$799,000
Was $849,000
Sep 18, 2026
MLS® 73533942
$849,000
Was $895,000
Aug 18, 2026
MLS® 73533942
$895,000
Was $995,000
Jul 20, 2026
MLS® 73533942
$995,000
Jun 5, 2026
MLS® 73533942
Listing Agent: John P. Viveiros
Listing Office: Lamacchia Realty, Inc.
MLS® Number: 73533942
