15 Allen St Fall River — Photo 1 of 20
$335,000
Investment Analysis — 15 Allen St
Fall River, MA 02724 — Globe Village
Based on HUD Small Area Fair Market Rent for Providence-Fall River, RI-MA HUD Metro FMR Area, a 3-bedroom in 02724 carries an estimated $1,860/mo in gross rent — about a 4.01% cap rate and $13,433/yr in estimated NOI at the $335,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,015
Style
Single Family
Built
1907
Welcome to 15 Allen St, Fall River, MA, a single-family residence offering 1015 square feet of living space and a 6,500+ sq. ft lot! This three-bedroom, one-bath home is located a short distance from the new Fall River Commuter Rail station and also provides ease of access to major highways. Several updates were done in 2014 including a new gas hot water tank, new roof, renovated bathroom, and replacement windows. All three bedrooms as well as the dining and living rooms feature hardwood floors, and the two-zone gas boiler and cast iron radiators throughout provide a great amount of heat. The property also features a first floor laundry area and a large fenced-in yard with off street parking for several vehicles.
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: 508 sq ft (the lesser of 900 sq ft or half the 1,015 sq ft principal dwelling). Lot size: 6,551 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 MLS and other third-party data may be inaccurate or out of date.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 • Water Heater • Range
Neighborhood
Public Transportation • Highway Access • T-Station
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstFamily Room
Lvl FirstMaster Bedroom
Lvl SecondBedroom 2
Lvl SecondBedroom 3
Lvl SecondBathroom 1
Lvl FirstListing Agent: Christopher A Medeiros
Listing Office: Driftwood Realty
MLS® Number: 73564686
