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8 Days on market

1021 Ray St Fall River — Photo 1 of 41

$499,900

Investment Analysis — 1021 Ray St

Fall River, MA 02720

Based on HUD Small Area Fair Market Rent for Providence-Fall River, RI-MA HUD Metro FMR Area, a 3-bedroom in 02720 carries an estimated $1,960/mo in gross rent — about a 2.70% cap rate and $13,491/yr in estimated NOI at the $499,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,248

Style

Single Family

Built

1940

Welcome to the Heart of the Highlands! This home has a warmth to it that you feel the moment you walk in. Sunlight pours through an open and airy living area, and the wood-burning fireplace sets the tone for cozy evenings in and easy gatherings alike. Upstairs, three ample-sized bedrooms offer a comfortable retreat, alongside a spacious bathroom with room to breathe. Head down to the kitchen and step right out onto the expansive walk-out deck, an easy spot for morning coffee or evening unwinding, overlooking a large yard just waiting for your own personal touch. A shed with electric adds handy extra storage or workshop space, and the detached garage rounds things out with even more room for parking, projects, or hobbies. This is a home with heart, in a neighborhood with character. Come see it for yourself while its still here!

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: 624 sq ft (the lesser of 900 sq ft or half the 1,248 sq ft principal dwelling). Lot size: 7,096 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.