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Sold on 08/15/2024

488-494 Ridge St, Fall River, MA 02724

$1,102,000

Last sold 08/15/2024 for $2.2M

  • 18

    bed

  • 9

    bath

  • 7,000

    Sqft ($314/Sqft)

Multi-family not for sale
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About 488-494 Ridge St

Property type Multi-family
Neighborhood
Year built 1900
HOA fee $0/month
Lot size 7,013 Sqft
Movoto estimate
Property description
This spacious 9-unit property is located in the South end of the city, close to Saint Anne's Hospital. The property consists of 2 separate buildings on one parcel. The back building contains 3 large (3) bedroom units, and the front building layout consists of three (2) bedroom units and three (1) bedroom units. This property is to be sold as a package together with the North end property located at 293 Crescent Street of 6 units for a combined total package of 15 apartments. Perfect property for investors with a projected gross income of 300K plus. Possible owner financing available for well qualified buyers. Neither seller nor agent, make any representations as to the accuracy of any information contained herein. Buyer(s) and buyer(s) agent must conduct their own due diligence, verification, research and are relying solely on the same. SELLERS HAVE NEVER OCCUPIED PROPERTY. PROPERTY BEING SOLD AS IS AS SEEN.
Listed by
Listing Agent - Vasco Cabral
Listing Office - Keller Williams Realty
Source: MLS Property Information Network, Inc. mls logo
MLS#73241095 • last updated 2 years ago
Movoto checked MLS Property Information Network, Inc. for data 6 minutes ago
Overview
Levels/Style 8
MLS # 73241095
Type Residential Income
Status Closed
SubType 5-9 Family
SqFt 7000
Lot Size (SqFt) 7013
Lot Size (Acres) 0.16
Annual Property Tax 11989
Year Built 1900
Interior
Total # of Bathrooms 9
# Full Baths 9
Total # of Bedrooms 18
Basement Full, Unfinished
Total # of Rooms 28
Flooring Carpet, Varies, Hardwood
Appliances Washer, Dryer, Range, Refrigerator
Interior Features Laundry Room, Living Room, Kitchen, Family Room
Window Features Screens
Exterior
Foundation Stone
Roof Shingle
Construction Frame
Exterior Features Rain Gutters
Lot Desc Level
Amenities / Utilities
Sewer Public Sewer
Utilities For Gas Range, for Electric Range
Electricity Circuit Breakers, 100 Amp Service
Water Source Public
Location
View City View(s)
County Bristol
Community Features Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House Of Worship, Private School, Public School, T-Station, University, Sidewalks
APN M:0F27 B:0000 L:0003, 2825408
Directions USE GPS
Multifamily Details
Rent Includes Unit 1(Hot Water), Unit 2(Hot Water), Unit 3(Hot Water), Unit 4(Heat, Hot Water)
Operating Expense 27459
Expense: Water/ Sewer 5235
Expense: Electricity 1398
Gross Scheduled Income 7255
Lot/ Land Details
Road Frontage Public
Road Responsibility Public Maintained Road
Road Surface Paved
$1.1M
Range: $958K-$1.24M
Last 30 days 
  • Oct 2024
    mls logo MLS # 73241095
  • Oct 3, 2024 Sold
    $2,200,000 (-10.2%)
  • Aug 17, 2024 Active
    —
  • May 21, 2024 Listed
    $2,449,500 (+63.4%)
  • Sep 2021
    mls logo MLS # 72897761
  • Sep 21, 2021 Listed
    $1,499,000
  • Year Property taxes Tax assessment
  • 2025
    $12,885 +7.5%
    $1,125,300 +7.85%
  • 2024
    $11,989 +13.9%
    $1,043,400 +21.67%
  • 2023
    $10,523 +14.3%
    $857,600 +17.56%
  • 2022
    $9,206 +7.2%
    $729,500 +17.45%
  • 2021
    $8,590 +13.9%
    $621,100 +19.03%
  • 2020
    $7,540
    $521,800
  • 488-494 Ridge St
    $2.2M
  • St. Annes
    $319K
  • 02724
    $569K +18% y/y
  • Fall River
    $427K +1% y/y
No chart available
Statistics calculated by Movoto

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3/10
Henry Lord Community School
public Grades PK, K-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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  • Real Estate
  • MA
  • Bristol County
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  • 02724
  • St. Annes
  • 488-494 Ridge St
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The real estate listing data marked with this icon comes from the IDX program of the Massachusetts Multiple Listing Service™ system.
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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