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533 Locust St, Fall River MA 02720

$1,349,900

Estimated $3,270.03/month Calculator

Multi Family

Total Units: 8

Price Per Unit: $168,737.50

Total Rent: 46800/year

Estimated CAP Rate: 2.51%

12 Bedrooms

8 Full Baths

6,448 SqFt

Total Parking: 12

12,654 SqFt

Rare opportunity to own a piece of Fall River history! This iconic 8-unit property in the Highlands blends timeless charm with investment potential. Featuring high ceilings, oversized doors, and classic finishes. This home offers off-street parking, updated kitchens and bathrooms throughout, and a unique lookout tower with city views. Perfect for rental income or potential condo conversion. A landmark property with endless upside in one of the city's most sought-after neighborhoods. *Group walk through 5:20pm Wednesday 6/18.* - Not an open house.

This home has been viewed 3 times

Last Checked: June 17th, 2025 at 8:08pm (Source: MLS PIN #73387870)

Gross Income: $46,800

Gross Expenses: $12,974

Net Income Calc: $33,826

CAP Rate: 2.51%

Annual Expenses for 533 Locust St, Fall River MA 02720

Total Gross Expenses (Calculated)$12,974/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$12,974

Annual Income & Unit Breakdown for 533 Locust St, Fall River MA 02720

Total Gross Income (Calculated)$46,800

Unit 1

Rental Income$2,000

LeaseY

Bedrooms2

Bathrooms1 Full

Floor0

Levels in Unit1

HeatingNo

Rent IncludesUnit 1(heat), Unit 2(heat)

Unit 2

Rental Income$1,900

LeaseY

Bedrooms2

Bathrooms1 Full

Floor0

Levels in Unit1

HeatingNo

Rent IncludesUnit 1(heat), Unit 2(heat)

Unit 3

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent IncludesUnit 1(heat), Unit 2(heat)

Unit 4

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent IncludesUnit 1(heat), Unit 2(heat)

General Information for 533 Locust St, Fall River MA 02720

Listing ID73387870

Property TypeMulti Family / 5+ Family

Price$1,349,900 ($209.35/SqFt)

Style5-9 Family

CityFall River

CountyBristol

MLS Area

Neighborhood(s)

Approximate Living Area Total6,448 SqFt

Approximate Lot Size (Acres)0.29 acres

Total Parking12

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation DescriptionGranite

Accessible Features

Outdoor Space

ZoningA-2

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 533 Locust St, Fall River MA 02720

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$62,178

Total Gross Income By Broker$164,845

Total Net Income By Broker$102,667

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 533 Locust St, Fall River MA 02720

Real Estate Taxes$12,974

Tax Year2025

Assessed Value$1,133,100

Financial Data Source

Total Gross Expenses By Broker$62,178

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$164,845

BostonRealEstate.com Gross Income

Total Net Income By Broker$102,667

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)2.51%

Location Information for 533 Locust St, Fall River MA 02720

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 533 Locust St, Fall River MA 02720

Agent

Name: The J. Pavao Team

MLS ID: TM357625

Office ID: AN3817

Office

Name: Keller Williams South Watuppa

MLS Office ID: AN3817

Phone: 508-677-3233

Team Members

Name: Jordan Pavao

MLS ID: CN248430

Office ID: AN3817

National Association ID: 455027130

Phone: 774-319-1169

City: Fall River

State: MA

Payment Calculator

, Interest

Property Taxes 1081.17

Principal & Interest 8317.65

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Keller Williams South Watuppa

The J. Pavao Team

Agent Phone

Office Phone

(508) 677-3233

Text Agent Call Agent Call Office

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EXIT

Active

533 Locust St, Fall River MA 02720

$1,349,900

Annual Expenses for 533 Locust St, Fall River MA 02720

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Financial Information for 533 Locust St, Fall River MA 02720

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Contact Information for 533 Locust St, Fall River MA 02720

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Keller Williams South Watuppa

The J. Pavao Team