Active Under Contract
25 Days on market
131 Foster St Fall River — Photo 1 of 30

131 Foster St Fall River — Photo 1 of 30

$469,000

Investment Analysis — 131 Foster St

Fall River, MA 02721

Based on rent reported on the MLS listing, a 2-unit multi-family in 02721 carries $700/mo in gross rent — about a 0.47% cap rate and $2,220/yr in estimated NOI at the $469,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2.5

SqFt

1,692

Style

2 Family - 2 Units Up/Down

Built

1922

Opportunity awaits with this versatile, clean, well maintained 2-family home in Fall River, offering a great setup for an owner-occupant looking to offset expenses with rental income, an investor, or those seeking multi-generational living. The first-floor unit offers a cozy 1-bedroom layout featuring a fully remodeled eat-in kitchen and bathroom, in-unit laundry, updated electrical, and the comfort of central heat and air conditioning. The spacious second unit spans two levels. The main level features an open living room with a wood stove, half bath, kitchen, and dining room with sliders leading to the deck. A ductless mini-split was added to this level in 2022 for additional heating and cooling comfort. Upstairs, you'll find three bedrooms and a full bathroom, providing plenty of room to spread out. Unit 2 also has access to laundry in the basement. With two distinct living spaces and flexible options for how you use them, this property offers an excellent opportunity to make homeownership work for you! Convenient access to public transportation, Routes 24 and I-195, plus the Fall River MBTA Commuter Rail offering direct service to Boston.

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 MLS and other third-party data may be inaccurate or out of date.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.

Property Details

Financials

Original Price$469,000
Annual Taxes$4,164

Parking

Garage0
Off-Street6

Interior Specifications

Total Rooms10
Fireplaces1
FlooringTile, Vinyl / VCT, Carpet, Hardwood
BasementFull, Walk-Out Access, Interior Entry, Concrete, Unfinished

Climate & Utilities

HeatingCentral, Natural Gas, Unit Control, Electric, Wood Stove, Ductless
CoolingCentral Air, Window Unit(s), Ductless
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningR-4

Property & Lot

Acres0.07
SqFt Lot3,215
Lot FeaturesLevel

Amenities & Appliances

Range • Disposal • Microwave • Refrigerator • Freezer • Washer/Dryer

Neighborhood

Public Transportation • Shopping • Park • Medical Facility • Laundromat • Highway Access

Geography

Listing Provided By

Listing Agent: Stacy Diphillipo

Listing Office: EXIT New Options Real Estate

MLS® Number: 73565258