206 Lafayette St Fall River — Photo 1 of 38
$524,995
Investment Analysis — 206 Lafayette St
Fall River, MA 02723
Based on HUD Small Area Fair Market Rent for Providence-Fall River, RI-MA HUD Metro FMR Area, a 3-bedroom in 02723 carries an estimated $1,820/mo in gross rent — about a 2.35% cap rate and $12,324/yr in estimated NOI at the $524,995 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
2,016
Style
Single Family
Built
1961
Beautifully maintained one-level home tucked away on a quiet dead-end street in a desirable Fall River location, with seasonal distance views of Watuppa Reservation, close to Lafayette Park, and highway access. This move-in-ready home features three bedrooms, a stunning great room with soaring cathedral ceilings, skylights, garage, and a private deck. The kitchen includes upscale newer stainless-steel appliances. A three-season sunroom is attached to the garage while the outdoor patio overlooks the private, mature-landscaped, shaded backyard—perfect for morning coffee, parties, and grilling. The home offers beautifully resurfaced hardwood floors, newly painted interior and upgrades throughout. A refurbished lower level adds a family room, workshop, laundry room, generous storage, and flexible bonus space for a home office or gym. Combining true single-level living with the extra square footage of a finished lower level, this home offers space and convenience that's hard to find.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,016 sq ft principal dwelling). Lot size: 10,001 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
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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Listing Agent: Team Roso
Listing Office: RE/MAX Vantage
MLS® Number: 73561715