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Maggie Li

I'm Maggie Li, a Newton, MA real estate agent serving first-time buyers, luxury clients and sellers across Greater Boston in English & Mandarin. Let's find your home.

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  • 1229 Centre Street, Newton Centre, MA, USA
  • (774) 222-0952
  • lyx0402@gmail.com

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William Raveis

© 2026 Maggie Li. All rights reserved.
Equal Housing Opportunity. Information deemed reliable but not guaranteed.

  1. Home
  2. Listings
  3. 517 South Main St, Fall River, MA 02721
Active
77 Days on market
517 South Main St Fall River — Photo 1 of 34

517 South Main St Fall River — Photo 1 of 34

Recent Drop: $146,000

$995,000
$849,000

$849,000

517 South Main St, Fall River, MA 02721

Fall River, MA 02721

Beds

18

Baths

7

SqFt

5,080

Style

5+ Family - Rooming House

Built

1900

Welcome to 517 South Main Street just steps from downtown, this three-story rooming house offers immediate access to all city amenities and consistent demand from local renters. The property features 18 rentable units, each pre-furnished, creating a turnkey setup for steady occupancy and streamlined management. Each floor includes a community bathroom, while several units offer enhanced private features: 4 units with full bathrooms, 9 rooms with private showers, 4 units equipped with kitchenettes, and every unit includes its own sink. Rents, appliances, and layouts vary by unit, allowing for flexible pricing strategies and value-add potential. The building is clean, well-maintained, and benefits from strong tenant continuity, making it an attractive option for investors seeking reliable cash flow.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$167/sqft
Local Avg (Fall River)$215/sqft
22% BelowMarket Average

* Analysis is based on 20 actively listed and recently sold comparable properties strictly within Fall River, MA.

Property Details

Financials

Original Price$995,000
Annual Taxes$5,351.73

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms18
FireplacesNone
FlooringVaries
BasementFull, Interior Entry, Bulkhead, Unfinished

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationGranite, Irregular
ZoningB-B

Property & Lot

Acres0.11
SqFt Lot4,591
Lot FeaturesLevel

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility

Geography

Property History

Price Drop
$849,000

Was $895,000

Aug 18, 2026

MLS® 73533942

Price Drop
$895,000

Was $995,000

Jul 20, 2026

MLS® 73533942

Listed
$995,000

Jun 5, 2026

MLS® 73533942

Population

26,521

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$53K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

65.8%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Bristol County

1,041 housing units permitted in the last 12 months (+36% vs the prior 12 months) — 481 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Full Fall River, MA market report ZIP 02721 market data
Listing Provided By

Listing Agent: John P. Viveiros

Listing Office: Lamacchia Realty, Inc.

MLS® Number: 73533942

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