Opportunity awaits with this versatile, clean, well maintained 2-family home in Fall River, offering a great setup for an owner-occupant looking to offset expenses with rental income, an investor, or those seeking multi-generational living. The first-floor unit offers a cozy 1-bedroom layout featuring a fully remodeled eat-in kitchen and bathroom, in-unit laundry, updated electrical, and the comfort of central heat and air conditioning. The spacious second unit spans two levels. The main level features an open living room with a wood stove, half bath, kitchen, and dining room with sliders leading to the deck. A ductless mini-split was added to this level in 2022 for additional heating and cooling comfort. Upstairs, you'll find three bedrooms and a full bathroom, providing plenty of room to spread out. Unit 2 also has access to laundry in the basement. With two distinct living spaces and flexible options for how you use them, this property offers an excellent opportunity to make homeownership work for you! Convenient access to public transportation, Routes 24 and I-195, plus the Fall River MBTA Commuter Rail offering direct service to Boston.
This home has been viewed 2 times
Last Checked: September 16th, 2026 at 3:08pm (Source: MLS PIN #73565258)
Gross Income: $8,400
Gross Expenses: $4,164
Net Income Calc: $4,236
Water Views
Annual Expenses for 131 Foster St, Fall River MA 02721
Total Gross Expenses (Calculated)$4,164/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax4164
Annual Income & Unit Breakdown for 131 Foster St, Fall River MA 02721
Total Gross Income (Calculated)$8,400
Unit 1
Rental Income$0
LeaseY
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
Rent IncludesHeat
Unit 2
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full, 1 Half
Floor2
Levels in Unit2
Rent IncludesHeat
General Information for 131 Foster St, Fall River MA 02721
Listing ID73565258
Property TypeMulti Family / 2 Family
Price469000 ($277.19/SqFt)
Style2 Family - 2 Units Up/down
CityFall River
CountyBristol
Neighborhood(s)
Approximate Living Area Total1692
Approximate Lot Size (Acres)0.07
Total Parking6
Garage Parking0
Year Built1922
Year Built SourcePublic Records
Year Built DetailsActual
WaterPublic
SewerPublic Sewer
Electric220 Volts
Hot Water
Roof MaterialAsphalt/fiberglass Shingles
BasementFull
Construction MaterialsFrame
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features
Outdoor SpaceCovered
ZoningR-4
Water ViewsNo
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 131 Foster St, Fall River MA 02721
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourceMeasured
ExclusionsPersonal Belongings.
Financial Data SourceEstimated
Total Gross Expenses By Broker
Total Gross Income By Broker
Total Net Income By Broker
Short Sale / Forclosure (Bank Owned)
Compensation Based On
Financial Information for 131 Foster St, Fall River MA 02721
Real Estate Taxes4164
Tax Year2026
Assessed Value$362,700
Financial Data SourceEstimated
Total Gross Expenses By Broker
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker
BostonRealEstate.com Gross Income
Total Net Income By Broker
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
Location Information for 131 Foster St, Fall River MA 02721
Elementary SchoolWilliam S Greene Elementary
Middle SchoolMatthew J Kuss Middle School
High SchoolB M C Durfee High School
Neighborhood(s)
Area AmenitiesWalk/jog Trails
Contact Information for 131 Foster St, Fall River MA 02721