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159 Covel St, Fall River MA 02723

$657,000

Estimated $1,482.65/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $219,000

Total Rent: 66960/year

Estimated CAP Rate: 8.71%

9 Bedrooms

3 Full Baths

2,600 SqFt

Total Parking: 2

2,069 SqFt

Spacious, very well-maintained and well performing 3-family home offering great potential! Legally a 9-bedroom property per public record. In prior years, one of the 1st-floor bedrooms was converted into a large dining area—easily reconfigurable back to a 3-bedroom layout like the upper two units. The 2nd and 3rd floors feature bright 3-bedroom apartments with eat-in kitchens, semi-open floor plans, and spacious, sun-filled living rooms with charming Victorian-style windows. Updates over time include vinyl siding, two new (front and back) PVC decks and stairs, replacement windows, kitchens, baths, and attractive pine floors (some exposed, others still under carpet or laminate). Heating by gas space heaters. Enjoy off-street parking for two cars and a cozy fenced backyard with patio. Coin-op washer and dryer included. Excellent opportunity for owner-occupant or investor. Open House: Sunday, Nov 2 12:00 Noon–2:00 PM.

This home has been viewed 13 times

Last Checked: December 5th, 2025 at 6:28am (Source: MLS PIN #73449351)

Gross Income: $66,960

Gross Expenses: $9,731

Net Income Calc: $57,229

CAP Rate: 8.71%

Annual Expenses for 159 Covel St, Fall River MA 02723

Total Gross Expenses (Calculated)$9,731/year

APOD AvailableYes

Heating

Electricity$1,129

Water$2,749

Gas$2,749

Insurance

Sewer$2,749

Trash Removal

Repair & Maintenance$845

Management

Miscellaneous

Real Estate Tax$5,008

Annual Income & Unit Breakdown for 159 Covel St, Fall River MA 02723

Total Gross Income (Calculated)$66,960

Unit 1

Rental Income$1,560

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesGas, Unit 2(water), Unit 3(water), Water), Unit 1(electric

Unit 2

Rental Income$2,000

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesGas, Unit 2(water), Unit 3(water), Water), Unit 1(electric

Unit 3

Rental Income$2,020

LeaseY

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent IncludesGas, Unit 2(water), Unit 3(water), Water), Unit 1(electric

General Information for 159 Covel St, Fall River MA 02723

Listing ID73449351

Property TypeMulti Family / 3 Family

Price$657,000 ($252.69/SqFt)

Style3 Family

CityFall River

CountyBristol

MLS Area

Neighborhood(s)

Approximate Living Area Total2,600 SqFt

Approximate Lot Size (Acres)0.05 acres

Total Parking2

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame, Conventional (2x4-2x6)

Lot FeaturesLevel, Easements

Foundation Area

Foundation DescriptionStone,Granite

Accessible Features

Outdoor SpaceDeck - Vinyl, Patio

ZoningG

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy FeaturesInsulated Windows

Terms

Disclosures for 159 Covel St, Fall River MA 02723

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$3,880

Total Gross Income By Broker$68,160

Total Net Income By Broker$63,435

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 159 Covel St, Fall River MA 02723

Real Estate Taxes$5,008

Tax Year2025

Assessed Value$437,400

Financial Data Source

Total Gross Expenses By Broker$3,880

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$68,160

BostonRealEstate.com Gross Income

Total Net Income By Broker$63,435

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)8.71%

Location Information for 159 Covel St, Fall River MA 02723

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, Public School, Shopping, Park, Bike Path, Public Transportation, Sidewalks

Contact Information for 159 Covel St, Fall River MA 02723

Agent

Name: Andrey Zahariev

Office

Name: New Home Real Estate, LLC

Phone: 857-222-7744

Payment Calculator

, Interest

Property Taxes 417.33

Principal & Interest 4048.23

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

New Home Real Estate, LLC

Andrey Zahariev

Agent Phone

Office Phone

(857) 222-7744

Text Agent Call Agent Call Office

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EXIT

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159 Covel St, Fall River MA 02723

$657,000

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