Active
107 Days on market
517 South Main St Fall River — Photo 1 of 34

517 South Main St Fall River — Photo 1 of 34

Recent Drop: $196,000

$995,000
$799,000

$799,000

517 South Main St, Fall River, MA 02721

Fall River, MA 02721

Investor Analysis

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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$157/sqft
Local Avg (Fall River)$209/sqft
25% BelowMarket Average

* Analysis is based on 22 actively listed and recently sold comparable properties strictly within Fall River, MA.

Property Details

Financials

Original Price$995,000
Annual Taxes$5,351.73

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms18
FireplacesNone
FlooringVaries
BasementFull, Interior Entry, Bulkhead, Unfinished

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationGranite, Irregular
ZoningB-B

Property & Lot

Acres0.11
SqFt Lot4,591
Lot FeaturesLevel

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility

Geography

Property History

Price Drop
$799,000

Was $849,000

Sep 18, 2026

MLS® 73533942

Price Drop
$849,000

Was $895,000

Aug 18, 2026

MLS® 73533942

Price Drop
$895,000

Was $995,000

Jul 20, 2026

MLS® 73533942

Listed
$995,000

Jun 5, 2026

MLS® 73533942

Population

26,521

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$53K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

65.8%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Bristol County

1,079 housing units permitted in the last 12 months (+41% vs the prior 12 months) — 501 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

Listing Provided By

Listing Agent: John P. Viveiros

Listing Office: Lamacchia Realty, Inc.

MLS® Number: 73533942

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