Overview Property Details Payment Calculator Walkability

Add to favorites

Remove from favorites
Send to Friend
Watch changes on this property

Active

862 Locust Street, Fall River MA 02720

$599,999

Estimated $1,371.65/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $199,999.67

Total Rent: 0/year

Estimated CAP Rate: -0.80%

6 Bedrooms

3 Full Baths

2,519 SqFt

Total Parking: 0

4,072 SqFt

Welcome to 862 Locust Street, your first potential investment property! This three unit multi-family property includes all two bed one bath units that offer comfortable and functional living space. Situated next to amenities such as parks, schools and highway access to ensure convenience. This home is an ideal opportunity for first-time investors or those seeking to transition from renter to investor, living in one unit while renting out the others. All units have separate utilities. Current rents are below the market. This property has potential for added value and income with some updates. Your future as a successful investor starts here!

This home has been viewed 48 times

Last Checked: December 3rd, 2025 at 7:48am (Source: MLS PIN #73444932)

Gross Income: $0

Gross Expenses: $4,785

Net Income Calc: $4,785

CAP Rate: -0.80%

Annual Expenses for 862 Locust Street, Fall River MA 02720

Total Gross Expenses (Calculated)$4,785/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$4,785

Annual Income & Unit Breakdown for 862 Locust Street, Fall River MA 02720

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$0

LeaseU

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingNo

Rent Includes

General Information for 862 Locust Street, Fall River MA 02720

Listing ID73444932

Property TypeMulti Family / 3 Family

Price$599,999 ($238.19/SqFt)

Style3 Family - 3 Units Up/down

CityFall River

CountyBristol

MLS Area

Neighborhood(s)

Approximate Living Area Total2,519 SqFt

Approximate Lot Size (Acres)0.09 acres

Total Parking0

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation DescriptionBrick/Mortar

Accessible Features

Outdoor Space

ZoningB

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 862 Locust Street, 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$0

Total Gross Income By Broker$46,800

Total Net Income By Broker$46,800

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 862 Locust Street, Fall River MA 02720

Real Estate Taxes$4,785

Tax Year2025

Assessed Value$417,900

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$46,800

BostonRealEstate.com Gross Income

Total Net Income By Broker$46,800

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-0.80%

Location Information for 862 Locust Street, Fall River MA 02720

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 862 Locust Street, Fall River MA 02720

Agent

Name: Nicole Rusin

Office

Name: Lamacchia Realty, Inc.

Phone: 508-677-3629

Payment Calculator

, Interest

Property Taxes 398.75

Principal & Interest 3697

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Lamacchia Realty, Inc.

Nicole Rusin

Agent Phone

Office Phone

(508) 677-3629

Text Agent Call Agent Call Office

Array
(
    [acres] => Approx. 0.09 acres (4,072 SqFt)
    [add_date] => 2025-10-17 18:53:10
    [address] => Locust Street
    [agent] => Array
        (
            [address] => 31 Ashlynn Way
            [city] => Rehoboth
            [id] => CN241941
            [name] => Nicole Rusin
            [national_association] => 451503961
            [office] => AN8116
            [state] => MA
            [zip] => 02769
        )

[apod_available] => Array
        (
            [0] => No
        )

[appliances] => Array
        (
        )

[approx_living_area_total] => 2,519 SqFt
    [approx_lot_size_acres] => 0.09 acres
    [approx_lot_size_sqft] => 4,072 SqFt
    [assessed_value] => $417,900
    [association] => No
    [association_fee] => Array
        (
            [0] => $0
        )

[association_fee_frequency] => Array
        (
        )

[association_fee_includes] => Array
        (
        )

[association_required] => Array
        (
        )

[available_date] => 
    [available_now] => Yes
    [basement] => Array
        (
        )

[bathrooms] => 3 Full
    [bedrooms] => 6
    [building_amenities] => Array
        (
        )

[building_area_source] => Array
        (
            [0] => Public Records
        )

[building_management] => Array
        (
        )

[building_debug] => 862 Locust Street Fall River
    [building_id] => 
    [building_name] => 
    [building_name_from_address] => 
    [building_url] => 
    [buyer_agent_compensation] => 
    [buyer_agent_id] => 
    [buyer_office_id] => 
    [c_style] => Array
        (
            [0] => 3 Family
        )

[c_type] => Multi Family
    [cap_rate] => -0.80%
    [city] => Fall River
    [community_features] => Array
        (
        )

[compensation_based_on] => Array
        (
        )

[complex_complete] => Array
        (
        )

[construction_materials] => Array
        (
        )

[construction_status] => 
    [cooling] => No
    [cooperating_agent_commission] => Array
        (
        )

[county] => Bristol
    [cultivation_acres] => None
    [date_available_note] => 
    [deposit_amount] => Array
        (
            [0] => $0
        )

[deposit_required] => Array
        (
        )

[deqe] => 
    [description] => Welcome to 862 Locust Street, your first potential investment property! This three unit multi-family property includes all two bed one bath units that offer comfortable and functional living space. Situated next to amenities such as parks, schools and highway access to ensure convenience. This home is an ideal opportunity for first-time investors or those seeking to transition from renter to investor, living in one unit while renting out the others.  All units have separate utilities. Current rents are below the market. This property has potential for added value and income with some updates. Your future as a successful investor starts here!
    [disclosures] => 
    [documents_available] => Array
        (
        )

[electric] => Array
        (
        )

[electric_expense] => Array
        (
            [0] => $0
        )

[elementary_school] => 
    [en_suite_bath] => Array
        (
            [0] => Yes
        )

[energy_features] => Array
        (
        )

[entry_level] => Array
        (
        )

[estimated_monthly_payment] => 
    [exclusions] => Array
        (
        )

[exterior_features] => Array
        (
        )

[facilitator_compensation] => 
    [fee_paid_by_tennant] => Contact Agent
    [financial_data_source] => Array
        (
        )

[fireplaces] => Array
        (
            [0] => 0
        )

[first_month_required] => Array
        (
        )

[floor_number] => 0
    [flooring] => Array
        (
        )

[for_sale_by_owner] => No
    [foundation_area] => 
    [foundation_materials] => Array
        (
            [0] => Brick/Mortar
        )

[frontage_length] => 
    [full_baths] => 3
    [garage_parking] => 
    [gas] => Array
        (
        )

[gas_expense] => Array
        (
            [0] => $0
        )

[gross_income] => Array
        (
            [0] => $46,800
        )

[half_baths] => 0
    [handicap_access] => No
    [heating] => No
    [heating_expense] => Array
        (
            [0] => $0
        )

[high_school] => 
    [horse_features] => Array
        (
        )

[horse_permitted] => No
    [hot_water] => Array
        (
        )

[id] => 697074
    [insurance_expense] => Array
        (
            [0] => $0
        )

[insurance_required] => Array
        (
        )

[interior_features] => Array
        (
        )

[last_month_required] => Array
        (
        )

[last_sync_date] => 2025-12-03 07:48:15
    [laundry_features] => Array
        (
        )

[lead_paint] => Array
        (
        )

[lease_term] => 
    [levels_in_unit] => 3
    [living_area] => 2,519 Sq. Ft.
    [living_area_disclosure] => Array
        (
        )

[living_area_includes_basement] => Array
        (
            [0] => No
        )

[lot_features] => Array
        (
        )

[management_expense] => Array
        (
            [0] => $0
        )

[middle_school] => 
    [miscellaneuos_expense] => Array
        (
            [0] => $0
        )

[mls_area] => 
    [mls_id] => 73444932
    [neighborhoods] => Array
        (
        )

[net_income_calc] => -4785
    [net_operating_income] => Array
        (
            [0] => $46,800
        )

[number_of_lots] => Array
        (
        )

[number_of_units] => 3
    [office] => Array
        (
            [id] => AN8116
            [name] => Lamacchia Realty, Inc.
            [phone] => 508-677-3629
        )

[operating_expense] => Array
        (
            [0] => $0
        )

[optional_fee_includes] => Array
        (
        )

[optional_price] => 0
    [outdoor_space_available] => Array
        (
        )

[owner_occupancy_source] => 
    [parking_features] => Array
        (
        )

[pasture_area] => None
    [patio_and_porch] => Array
        (
        )

[perc_test] => Array
        (
        )

[perc_test_date] => Unknown
    [pet_policy] => Array
        (
        )

[phone] => 508-717-4093
    [pool_features] => Array
        (
        )

[price] => $599,999
    [price_per_sqft] => 238.19
    [price_per_unit] => 199999.66666667
    [private_pool] => No
    [property_sub_type] => Array
        (
            [0] => 3 Family - 3 Units Up/down
        )

[real_estate_tax] => $4,785
    [references_required] => Array
        (
        )

[rent_includes] => Array
        (
        )

[repair_maintenance_expense] => Array
        (
            [0] => $0
        )

[road_frontage_type] => Array
        (
        )

[roof_material] => Array
        (
        )

[rooms] => 15
    [senior_community] => No
    [sewer] => Array
        (
        )

[sewer_expense] => Array
        (
            [0] => $0
        )

[short_sale] => 
    [special_listing_conditions] => Array
        (
        )

[state] => Massachusetts
    [state_code] => MA
    [status] => Array
        (
            [0] => Active
        )

[street_number] => 862
    [structure_type] => Array
        (
        )

[style] => Array
        (
        )

[subagent_compensation] => 
    [tag_accessible_features] => 
    [tag_air_conditioning] => 
    [tag_association_pool] => 
    [tag_beach_access] => 
    [tag_beach_front] => 
    [tag_elevator] => 
    [tag_equestrian] => 
    [tag_garage_parking] => 
    [tag_generator] => 
    [tag_green_features] => 
    [tag_laundry] => 
    [tag_lead_paint_free] => 
    [tag_loft] => 
    [tag_pet_friendly] => 
    [tag_pre_construction] => 
    [tag_private_outdoor_space] => 
    [tag_private_pool] => 
    [tag_professional_management] => 
    [tag_recently_renovated] => 
    [tag_senior_community] => 
    [tag_townhouse] => 
    [tag_waterfront] => 
    [tag_waterview] => 
    [tax_year] => 2025
    [team] => Array
        (
        )

[terms] => Array
        (
        )

[timber_acres] => None
    [title_5] => 
    [total_gross_expense] => 4785
    [total_gross_income] => 0
    [total_parking] => 0
    [trash_expense] => Array
        (
            [0] => $0
        )

[uffi] => Array
        (
        )

[unit_1_bathrooms] => 1 Full
    [unit_1_bedrooms] => 2
    [unit_1_floor] => 1
    [unit_1_lease] => Array
        (
            [0] => Y
        )

[unit_1_levels] => 1
    [unit_1_rent] => Array
        (
            [0] => 0
        )

[unit_2_bathrooms] => 1 Full
    [unit_2_bedrooms] => 2
    [unit_2_floor] => 2
    [unit_2_lease] => Array
        (
            [0] => Y
        )

[unit_2_levels] => 1
    [unit_2_rent] => Array
        (
            [0] => 0
        )

[unit_3_bathrooms] => 1 Full
    [unit_3_bedrooms] => 2
    [unit_3_floor] => 3
    [unit_3_lease] => Array
        (
            [0] => U
        )

[unit_3_levels] => 1
    [unit_3_rent] => Array
        (
            [0] => 0
        )

[unit_4_bathrooms] => 
    [unit_4_bedrooms] => 
    [unit_4_floor] => 
    [unit_4_lease] => Array
        (
        )

[unit_4_levels] => 
    [unit_4_rent] => Array
        (
        )

[unit_level] => 
    [unit_number] => 
    [units_owner_occupied] => 
    [unparsed] => Array
        (
            [0] => 862 Locust Street, Fall River MA 02720
        )

[utilities] => Array
        (
        )

[view] => Array
        (
        )

[water] => Array
        (
        )

[water_expense] => Array
        (
            [0] => $0
        )

[water_views] => Array
        (
        )

[water_views_features] => Array
        (
        )

[waterfront] => No
    [waterfront_features] => Array
        (
        )

[year_built] => 1900
    [year_built_details] => Approximate
    [year_built_source] => Public Records
    [year_renovated] => 
    [zip] => 02720
    [zoning] => B
    [zoning_details] => 
    [media] => Array
        (
            [0] => Array
                (
                    [id] => 180104651
                    [name] => MLS1.jpg
                    [type] => gallery
                    [category] => image
                    [url] => https://www.bostonrealestate.com/wp-content/uploads/WPL/697074/MLS1.jpg
                    [index] => 1
                    [enabled] => 1
                    [created] => 2025-12-03 07:48:15
                    [modified] => 2025-12-03 07:48:15
                )

[1] => Array
                (
                    [id] => 180105678
                    [name] => MLS2.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73444932&w=1024&h=768&n=2
                    [index] => 2
                    [enabled] => 1
                    [created] => 2025-12-03 07:48:20
                    [modified] => 2025-12-03 07:48:20
                )

[2] => Array
                (
                    [id] => 180105679
                    [name] => MLS3.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73444932&w=1024&h=768&n=3
                    [index] => 3
                    [enabled] => 1
                    [created] => 2025-12-03 07:48:20
                    [modified] => 2025-12-03 07:48:20
                )

[3] => Array
                (
                    [id] => 180105680
                    [name] => MLS4.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73444932&w=1024&h=768&n=4
                    [index] => 4
                    [enabled] => 1
                    [created] => 2025-12-03 07:48:20
                    [modified] => 2025-12-03 07:48:20
                )

[4] => Array
                (
                    [id] => 180105681
                    [name] => MLS5.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73444932&w=1024&h=768&n=5
                    [index] => 5
                    [enabled] => 1
                    [created] => 2025-12-03 07:48:20
                    [modified] => 2025-12-03 07:48:20
                )

[5] => Array
                (
                    [id] => 180105682
                    [name] => MLS6.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73444932&w=1024&h=768&n=6
                    [index] => 6
                    [enabled] => 1
                    [created] => 2025-12-03 07:48:20
                    [modified] => 2025-12-03 07:48:20
                )

[6] => Array
                (
                    [id] => 180105683
                    [name] => MLS7.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73444932&w=1024&h=768&n=7
                    [index] => 7
                    [enabled] => 1
                    [created] => 2025-12-03 07:48:20
                    [modified] => 2025-12-03 07:48:20
                )

[7] => Array
                (
                    [id] => 180105684
                    [name] => MLS8.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73444932&w=1024&h=768&n=8
                    [index] => 8
                    [enabled] => 1
                    [created] => 2025-12-03 07:48:20
                    [modified] => 2025-12-03 07:48:20
                )

[8] => Array
                (
                    [id] => 180105685
                    [name] => MLS9.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73444932&w=1024&h=768&n=9
                    [index] => 9
                    [enabled] => 1
                    [created] => 2025-12-03 07:48:20
                    [modified] => 2025-12-03 07:48:20
                )

[9] => Array
                (
                    [id] => 180105686
                    [name] => MLS10.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73444932&w=1024&h=768&n=10
                    [index] => 10
                    [enabled] => 1
                    [created] => 2025-12-03 07:48:20
                    [modified] => 2025-12-03 07:48:20
                )

)

)

EXIT

Active

862 Locust Street, Fall River MA 02720

$599,999

Annual Expenses for 862 Locust Street, Fall River MA 02720

Annual Income & Unit Breakdown for 862 Locust Street, Fall River MA 02720

General Information for 862 Locust Street, Fall River MA 02720

Disclosures for 862 Locust Street, Fall River MA 02720

Financial Information for 862 Locust Street, Fall River MA 02720

Location Information for 862 Locust Street, Fall River MA 02720

Contact Information for 862 Locust Street, Fall River MA 02720

Agent

Office

Payment Calculator

Exclusive Listing Agent

Lamacchia Realty, Inc.

Nicole Rusin