1015 Madison St Fall River — Photo 1 of 42
$699,999
Investment Analysis — 1015 Madison St
Fall River, MA 02720 — Highlands
Based on HUD Small Area Fair Market Rent for Providence-Fall River, RI-MA HUD Metro FMR Area, a 4-bedroom in 02720 carries an estimated $2,320/mo in gross rent — about a 2.08% cap rate and $14,557/yr in estimated NOI at the $699,999 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
1.5
SqFt
2,441
Style
Single Family
Built
1945
Wow! Highlands executive ranch ideal for entertaining, with many big ticket upgrades! With a new roof, cedar impression vinyl siding, 2 new forced air heating systems and 2 new central air condensors, replacement windows, composite porches and decking and upgraded 200Amp electric service. Host ALL your friends and family in the oversized family room complete with fireplace, wetbar and built-ins, massive formal dining room/ living room combo with picture windows overlooking the composite decking, in-ground pool, patio and gardens. Don't forget the updated kitchen with Corian counters, breakfast nook, hardwood floors and FOUR generous sized bedrooms. Set on nearly half an acre corner lot with professional landscaping and off-street parking.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,441 sq ft principal dwelling). Lot size: 20,617 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
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 MLS and other third-party data may be inaccurate or out of date.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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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater
Neighborhood
Public Transportation • Park • House of Worship • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First16 x 12
Flooring - Hardwood, Window(s) - Picture
Dining Room
Lvl First16 x 12
Flooring - Hardwood, Window(s) - Picture
Kitchen
Lvl First13 x 9
Ceiling Fan(s), Flooring - Stone/Ceramic Tile, Pantry, Countertops - Upgraded, Recessed Lighting
Family Room
Lvl First21 x 19
Closet, Flooring - Hardwood, Wet Bar, Recessed Lighting
Master Bedroom
Lvl FirstCloset, Closet/Cabinets - Custom Built, Flooring - Hardwood
Bedroom 2
Lvl First12 x 12
Bedroom 3
Lvl First11 x 14
Closet, Closet/Cabinets - Custom Built, Flooring - Hardwood
Bedroom 4
Lvl First12 x 10
Closet, Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Wall to Wall Carpet
Bathroom 2
Lvl FirstBathroom - Half, Flooring - Stone/Ceramic Tile
Listing Agent: Tom Neves
Listing Office: eXp Realty LLC
MLS® Number: 73568021
