148 Madison Street Fall River — Photo 1 of 22
$549,000
Investment Analysis — 148 Madison Street
Fall River, MA 02720 — Highlands
Based on HUD Small Area Fair Market Rent for Providence-Fall River, RI-MA HUD Metro FMR Area, a 3-bedroom in 02720 carries an estimated $1,960/mo in gross rent — about a 2.32% cap rate and $12,755/yr in estimated NOI at the $549,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
2,100
Style
Single Family
Built
1925
Welcome to this beautiful three-bedroom home located in Fall River's Highlands neighborhood, steps away from Holy Name Church. This well-maintained property offers a functional and efficient home design featuring a first floor inclusive of a mudroom with washer/dryer and large closet, an updated kitchen with stainless steel appliances, attached dining room with wainscoting detail, cozy family room with pellet stove and a versatile sun-filled room perfect for a home office retreat or playroom. The second floor boasts three spacious bedrooms, family friendly lounge area, skylit full bath and central air conditioning. Newly updated exterior completed with premium cedar impression siding. Detached two car garage, off-street parking and an ample side yard. This comfortable and appealing home is ready for its next owners.
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 2,100 sq ft principal dwelling). Lot size: 6,740 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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Freezer • Washer • Dryer • Range Hood
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Dining Room
Lvl FirstCeiling Fan(s), Flooring - Hardwood, Wainscoting
Kitchen
Lvl FirstRecessed Lighting
Family Room
Lvl FirstWood / Coal / Pellet Stove, Flooring - Hardwood, Window(s) - Picture, Cable Hookup, Recessed Lighting
Primary Bedroom
Lvl SecondCeiling Fan(s), Closet, Flooring - Wall to Wall Carpet, Closet - Double
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Wall to Wall Carpet
Listing Agent: Gina Baxter
Listing Office: Provided by MLS PIN
MLS® Number: 73576142
