$2,395,000
529 Eastern Ave
Fall River, MA, 02723
529 Eastern Avenue presents a rare redevelopment opportunity in Fall River. Formerly a rectory faith based building, the property is currently vacant and has been approved for conversion into 14 residential units. The project also benefits from over $1.6 million in awarded historic tax credits, making it particularly attractive to developers seeking tax-advantaged investments. Located in a growing market with strong demand for multifamily housing, the property is positioned as a value-add opportunity for investors ready to reposition the site into high-demand residential use. Investment Highlights: Significant value-add potential through multifamily conversion, approved tax credits reduce overall project costs and increase ROI, opportunity to deliver much-needed residential housing to the South Coast market, strong rental demand in Fall River with year-over-year rent growth.
Property Details
Price:
$2,395,000
MLS #:
73427663
Status:
Active
Beds:
0
Baths:
0
Address:
529 Eastern Ave
Type:
Commercial
City:
Fall River
Listed Date:
Sep 8, 2025
State:
MA
Finished Sq Ft:
12,432
Total Sq Ft:
12,432
ZIP:
02723
Lot Size:
20,782 sqft / 0.48 acres (approx)
Year Built:
1900
Schools
Interior
Exterior
Parking Spots
21
Financial
Tax Year
2025
Taxes
$6,888
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Courtesy of SelectRE Boston. 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 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.
529 Eastern Ave
Fall River, MA
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