Discovering Potential: A Classic 3-Family Home with Water Views in Fall River, MA

$835,000

7 Beds | 3 Baths | 3,888 SqFt

341 Belmont St, Fall River, MA 02720

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Nestled in the heart of the Highlands neighborhood, 341 Belmont St, Fall River, MA 02720, stands as a classic three-family residence that presents an exceptional opportunity for both seasoned investors and owner-occupants. With a listing price of $835,000, this property not only boasts stunning water views from all units but also features numerous recent upgrades that enhance its appeal and functionality. Let’s delve deeper into what makes this property a standout in the competitive real estate market.

A Timeless Investment

The Highlands neighborhood is known for its charm and character, making it an attractive location for potential tenants or homeowners. This classic three-family home is situated on a corner lot, providing ample natural light and visibility. The property has undergone significant improvements, including all-new plumbing on the first and second floors and updated electrical systems. These enhancements ensure that the building is not only aesthetically pleasing but also compliant with modern safety standards.

Recent Upgrades

One of the most notable features of this property is the installation of brand new mini-split heating and cooling systems. This modern upgrade allows each unit to maintain comfortable temperatures year-round while keeping energy costs manageable. Additionally, the roof was replaced just four years ago, providing peace of mind regarding potential maintenance issues for years to come.

The hardwood floors throughout the property have been newly refinished, adding a touch of elegance and warmth to each unit. These flooring improvements not only elevate the aesthetic appeal but also make maintenance easier for future tenants or owners.

Spacious Living Areas

The first-floor unit offers a spacious three-bedroom layout complete with in-unit laundry facilities—an attractive feature for families or professionals seeking convenience. The second and third floors share a similar footprint and can easily be converted into three-bedroom units as well, maximizing rental income potential. The second floor even includes its own dedicated laundry room with hookups, further enhancing tenant satisfaction.

For those looking to expand their living space or create additional rental opportunities, the fourth floor presents an unfinished attic recorded at 439 square feet with the city. This area can be transformed into additional living quarters or storage space—an excellent opportunity for creative buyers looking to add value to their investment.

Outdoor Space & Additional Income Potential

A significant advantage of this property is its large backyard area. This outdoor space provides ample room for expansion or outdoor living activities—perfect for summer barbecues or family gatherings. Additionally, the detached two-stall garage offers further income potential through rental opportunities or can be utilized as extra storage space.

Prime Location

Location is key in real estate, and 341 Belmont St does not disappoint. Its close proximity to Charleton and MBTA stations makes it ideal for commuters who need easy access to public transportation. The nearby Davol Street waterfront project promises exciting developments that will enhance community engagement and local amenities in the future.

This prime location ensures that both tenants seeking rental properties and owner-occupants looking for a home are drawn to this vibrant neighborhood filled with amenities such as parks, shops, restaurants, and entertainment options.

Ideal For Investors & Owner-Occupants Alike

Whether you are an experienced investor looking to expand your portfolio or an owner-occupant seeking a beautiful home with income-generating potential, 341 Belmont St offers something for everyone. The combination of recent upgrades, spacious layouts, outdoor space opportunities, and prime location makes this property an attractive choice in today’s competitive market.

Investing in real estate is about recognizing potential—and this classic Fall River home exemplifies that notion perfectly. With its blend of modern comforts and traditional charm set against picturesque water views, it's easy to see why this property is garnering attention.

Conclusion

In conclusion, 341 Belmont St represents more than just a three-family home; it embodies an opportunity filled with potential waiting to be unlocked by its next owner or investor. With its strategic location in Fall River's Highlands neighborhood coupled with numerous improvements made throughout the years—this listing at $835,000 should definitely be on your radar if you're searching for your next real estate venture.

Don't miss out on discovering what could become your next successful investment or dream home! Schedule a viewing today and explore everything this remarkable property has to offer—you won't be disappointed!

✨ 𝗠𝗢𝗟𝗟𝗬 𝗔𝗥𝗠𝗔𝗡𝗗𝗢

 📍 Real Estate Broker in Massachusetts & Rhode Island
📲 Call/Text Direct - 508.863.1015
📩 Email: molly@tidesre.com
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