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Sold on 07/26/2024

159 Cherry St, Fall River, MA 02720

$960,000

Last sold 07/26/2024 for $1.02M

  • 6

    bed

  • 8

    bath

  • 6,720

    Sqft ($153/Sqft)

Multi-family not for sale
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About 159 Cherry St

Property type Multi-family
Neighborhood
Year built 1875
HOA fee $0/month
Lot size 5,410 Sqft
Movoto estimate
Parking 2 garage spaces
Property description
Solid income producing 7-unit mixed use building in prime location!This large and meticulously renovated property boasts 6 spacious 1-bedroom apartments, a high-visibility corner storefront, and a 2-car garage making additional income. Enjoy stunning Braga Bridge and Battleship Cove views from some units. Recent upgrades include new kitchens, bathrooms, roof, vinyl floors throughout, carpet wall to drywall, windows, lead certificates, sewer line, and more. All units have forced hot air heating. A completely renovated unit is vacant, offering flexibility, while others house high-quality tenants providing steady income with potential for market rate increases. Store rent is $2200 with a 5yr auto escalation lease.Bonus! A brand new commuter rail station with imminent Boston access is a 15-minute walk. Plus, the revitalized Taunton Riverfront with exciting development is just steps away.Opposite a brand new condo development this area offers strong appreciation in the near future
Listed by
Listing Agent - Jason Saphire
Listing Office - www.HomeZu.com
Source: MLS Property Information Network, Inc. mls logo
MLS#73259991 • last updated 2 years ago
Movoto checked MLS Property Information Network, Inc. for data 5 minutes ago
Overview
Levels/Style 7, 7
MLS # 73259991
Type Residential Income
Status Closed
SubType 5-9 Family
SqFt 6720
Lot Size (SqFt) 5410
Lot Size (Acres) 0.12
Annual Property Tax 11373
Year Built 1875
Interior
Total # of Bathrooms 8
# Full Baths 6
# Half Baths 2
Total # of Bedrooms 6
Total # of Rooms 18
Flooring Vinyl
Window Features Insulated Windows
Exterior
Foundation Stone, Brick/Mortar
Roof Shingle
Construction Brick, Stone
# Covered Spaces 2
Parking Desc Paved Drive, Off Street, Paved
# Parking Spaces 6
# Garage Spaces 2
Lot Desc Corner Lot
Amenities / Utilities
Sewer Public Sewer
Utilities For Gas Range
Electricity 110 Volts, Circuit Breakers
Water Source Public
Location
View Scenic View(s)
Waterfront Waterfront, River
County Bristol
Community Features Public Transportation, Park, Walk/Jog Trails, Laundromat, Marina, T-Station
Zoning B
APN 2833399
Directions Corner Property At The Intersection Of Durfee St And Cherry St.
Multifamily Details
Net Operating Income 98752
Operating Expense 29408
Total Actual Rent 10300
Financial Data Source Pro. Forma Available
Gross Income 123600
Lot/ Land Details
Road Frontage Public
Road Responsibility Public Maintained Road
$960K
Range: $806K-$1.11M
Last 30 days 
  • Oct 2024
    mls logo MLS # 73259991
  • Oct 1, 2024 Sold
    $1,025,000
  • Jul 26, 2024 Active
    —
  • Jul 18, 2024 Price Change
    $1,025,000 (-2.4%)
  • Jul 3, 2024 Listed
    $1,050,000 (+107.9%)
  • Mar 2020
    mls logo MLS # 72586173
  • Mar 18, 2020 Sold
    $505,000 (-3.8%)
  • Oct 29, 2019 Listed
    $525,000 (+9.4%)
  • Jan 2006
    Public Records
  • Jan 17, 2006 Sold
    $480,000
  • Year Property taxes Tax assessment
  • 2024
    $8,613 +25.2%
    $940,600 +48.34%
  • 2022
    $6,879
    $634,100
  • 159 Cherry St
    $1.02M
  • Lower Highlands
    $437K +1% y/y
  • 02720
    $439K +22% y/y
  • Fall River
    $429K +8% y/y
No chart available
Statistics calculated by Movoto

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2/10
Mary Fonseca Elementary School
public Grades PK, K-5
Fall River School District
2/10
Morton Middle School
public Grades 6-8
Fall River School District
2/10
B M C Durfee High School
public Grades 9-12
Fall River School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • 159 Cherry St
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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith in interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
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