Active
2 Days on market
245 Cory Fall River — Photo 1 of 13

245 Cory Fall River — Photo 1 of 13

$689,900

Investment Analysis — 245 Cory

Fall River, MA 02720

Based on rent reported on the MLS listing, a 3-unit multi-family in 02720 carries $5,000/mo in gross rent — about a 5.80% cap rate and $40,044/yr in estimated NOI at the $689,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

6

Baths

3

SqFt

2,682

Style

3 Family

Built

1900

Opportunity knocks at 245 Cory Street! This well-positioned Fall River property offers a great combination of location, flexibility, and future potential. Situated in the city’s North End, the home is conveniently located near the new train depot, local amenities, major routes, shopping, dining, and everyday conveniences.Currently a legal 2-bedroom, the property features an additional room that offers exciting potential for conversion to a 3rd bedroom, subject to municipal requirements and approvals. Whether you’re looking for a comfortable home or an investment with room to add value, this property offers plenty of possibilities. Buyer and buyer’s agent to verify all requirements, permits, zoning, and approvals for any bedroom conversion or change in use with the City of Fall River.Enjoy the added benefit of a cemetery directly across the street, providing an open setting and a sense of space, along with plenty of on-street parking nearby.Even more exciting, 245 Cory Street may be purchased together with 251 Cory Street, creating a unique opportunity to acquire two neighboring properties. Whether you’re an owner-occupant, investor, or buyer looking for future possibilities, this offering is worth a closer look.With convenient access to transportation and the new train depot, plus the potential to expand the current bedroom count, 245 Cory Street is ready for its next chapter. Don’t miss the opportunity to explore everything this property has to offer!

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.

Open Houses

Property Details

Financials

Original Price$689,900
Annual Taxes$5,556.02

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms18
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationGranite
ZoningG

Property & Lot

Acres0.04
SqFt Lot1,607
Lot FeaturesOther

Geography

Listing Provided By

Listing Agent: Michael Ferreira

Listing Office: Anchor Realty

MLS® Number: 73576489