Active
105 Days on market
403 Division Street #12 Fall River — Photo 1 of 31

403 Division Street #12 Fall River — Photo 1 of 31

$262,500

Investment Analysis — 403 Division Street #12

Fall River, MA 02721

Based on HUD Small Area Fair Market Rent for Providence-Fall River, RI-MA HUD Metro FMR Area, a 2-bedroom in 02721 carries an estimated $1,460/mo in gross rent — about a 2.24% cap rate and $5,881/yr in estimated NOI at the $262,500 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

1

SqFt

1,010

Style

Condominium

Built

1910

Welcome to the St. Louis Schoolhouse! McPherson Development has teamed up with MassHousing to provide affordable condominium housing options right in Fall River. Units will feature LED recessed lighting with smart wi-fi light switches, mini split AC units, on demand hot water system, a video doorbell system, high end counter tops, contemporary cabinet design, in unit washer and dryer appliances, floating vanities, and more. The community will feature bike storage, security camera system, a mail and storage room, trash chute system, conference room and co-working space, elevator, an elevated outdoor balcony for common use, and 18 parking spaces. This is truly an exceptional opportunity!

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 MLS and other third-party data may be inaccurate or out of date.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.

Immersive Experience

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Property Details

Financials

Original Price$262,500
Annual Taxes$3,005.63
HOA Fee$369

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms3
FireplacesNone
FlooringTile, Vinyl
BasementN

Climate & Utilities

HeatingHeat Pump, Ductless
CoolingHeat Pump, Ductless
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
Foundation--
ZoningA-2

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer • Washer/Dryer • Range Hood

Neighborhood

Public Transportation • Shopping • Park • Medical Facility • Highway Access • T-Station

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomKitchenPrimary BedroomBedroom 2Bathroom 1
Living Room
Lvl First
Kitchen
Lvl First
Primary Bedroom
Lvl First
Bedroom 2
Lvl First
Bathroom 1
Lvl First

Property History

Listed
$262,500

May 31, 2026

MLS® 73527261

Expired
$262,500

May 18, 2026

MLS® 73419851

Listed
$262,500

Aug 18, 2025

MLS® 73419851

Listing Provided By

Listing Agent: Doris Arruda

Listing Office: Pelletier Realty, Inc.

MLS® Number: 73527261