631 Walnut St Fall River — Photo 1 of 39
Recent Drop: $50,000
$699,999
Investment Analysis — 631 Walnut St
Fall River, MA 02720
Based on rent reported on the MLS listing, a 3-unit multi-family in 02720 carries $7,000/mo in gross rent — about a 8.35% cap rate and $58,450/yr in estimated NOI at the $699,999 list price. Adjust every assumption in the calculator below.
Beds
12
Baths
3
SqFt
2,833
Style
3 Family - 3 Units Up/Down
Built
1900
Fantastic Three-Family Opportunity in Fall River’s Highlands! This spacious multifamily offers a great opportunity for investors or owner-occupants, complete with two off-street parking spaces. The first-floor unit has been tastefully renovated, featuring a brand-new bathroom gutted to the studs, freshly sanded hardwood floors, new LVP flooring in the living room, kitchen and bathroom, and some new windows. Additional improvements include a new hot water heater and some updated electrical. A walkout basement offers exciting potential for future expansion, subject to proper approvals. With three units, recent updates, parking, and room to add value, this is a great opportunity to build equity and generate rental income in a desirable Highlands location.
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 MLS and other third-party data may be inaccurate or out of date.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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Interior Specifications
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Building & Exterior
Property & Lot
Amenities & Appliances
Range • Refrigerator • Range Hood
Neighborhood
Public Transportation • Shopping • Park • Medical Facility • Laundromat • Highway Access
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Property History
$699,999
Was $749,999
Sep 10, 2026
MLS® 73569765
$2,200
Aug 30, 2026
MLS® 73548408
$749,999
Aug 29, 2026
MLS® 73569765
$2,200
Jul 11, 2026
MLS® 73548408
$2,500
Jul 11, 2026
MLS® 73515562
$2,100
May 22, 2026
MLS® 73497512
$2,500
May 8, 2026
MLS® 73515562
$2,150
Apr 7, 2026
MLS® 73497512
Listing Agent: Kade Phillips
Listing Office: RE/MAX Legacy
MLS® Number: 73569765