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INVESTMENT SNAPSHOT
About this property
Attention Investors! Turn key 6 unit currently fully occupied. All utilities are separated and paid for by the tenants. Two of the six units already have de-lead certificates. Many updates throughout the years including brand new fire panel and roof approximately 10 years ago. Driveway could easily be extended to offer even more off-street parking. Rents are currently below market. Do not miss out on this great investment in a community on the rise!
Property details
| Units | 6 |
| Living area | 4,704 sqft |
| Lot size | 4,173 sqft |
| Year built | 1900 |
| Price / sqft | $208 |
| County | Bristol |
| MLS # | 73522395 |
Listing status
| Days on market | 11 days |
| Listed on | May 21, 2026 |
Taxes & financials
| Annual property tax | $6,828 |
| Tax year | 2025 |
| Assessed value | $596,300 |
| Zoning | N/A |
| Gross income (actual) | $80,400/yr |
| Net operating income (actual) | $80,400/yr |
| Total actual rent | $8,000/mo |
Building & lot
| Stories | 5 |
| Total rooms | 29 |
| Lot size | 0.1 acres |
| Garage spaces | 0 |
| Parking spaces | 4 |
| Parking | Paved Drive, Off Street |
| Basement | Full, Interior Entry, Concrete, Unfinished |
| Foundation | Granite |
| Roof | Rubber |
| Construction | Frame |
| Flooring | Tile, Carpet, Varies |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range |
Location
More about investing in Fall River →
Listing courtesy of Dan Quintal Real Estate — Daniel Quintal. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 131 Thomas St, Fall River MA 02723 have?
It is a 6-unit multi-family property with 4,704 sqft of living area, built in 1900.
How long has 131 Thomas St, Fall River MA 02723 been on the market?
131 Thomas St, Fall River MA 02723 has been listed for 11 days (since May 21, 2026).
What is the estimated cap rate on this 6-family in Fall River?
Based on area median rents, the estimated cap rate is about 7.2%, with a Signal Score of 99/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $979,000 across 6 units, that works out to roughly $163,167 per unit.
What are the property taxes on 131 Thomas St, Fall River MA 02723?
Annual property taxes are $6,828 (2025), on an assessed value of $596,300.
What is the price per square foot?
At $979,000 for 4,704 sqft, that's about $208 per square foot.
Is there parking?
4 total parking spaces (paved drive, off street).
Where is this property located?
131 Thomas St, Fall River MA 02723 is in Fall River, Bristol County, MA 02723.
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