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.
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 MLS and other third-party data may be inaccurate or out of date.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.
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Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer • Washer/Dryer • Range Hood
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Living Room
Lvl FirstKitchen
Lvl FirstPrimary Bedroom
Lvl FirstBedroom 2
Lvl FirstBathroom 1
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$262,500
May 31, 2026
MLS® 73527261
$262,500
May 18, 2026
MLS® 73419851
$262,500
Aug 18, 2025
MLS® 73419851
Listing Agent: Doris Arruda
Listing Office: Pelletier Realty, Inc.
MLS® Number: 73527261
