Investment Analysis — 36 Mcgowan 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 2.85% cap rate and $13,259/yr in estimated NOI at the $466,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

2.5

SqFt

1,199

Style

Single Family

Built

1930

Well-maintained 3-bedroom, 2.5-bath home offering comfort, efficiency, and pride of ownership throughout. The current owner has enhanced the property with beautiful custom stonework, creating outstanding curb appeal and unique character. This well-insulated home features comfortable living spaces and a functional layout. Enjoy the spacious deck overlooking the meticulously maintained yard, perfect for outdoor enjoyment and entertaining. Additional features include two garages and a separate shed for ample storage. The seller recently completed a new CertainTeed Landmark Pro architectural shingle roof on the main house and front porch (2026), including new ridge vent, flashing, pipe boots, and gutters, with a 10-year workmanship warranty. The roof is 100% ice melt system that helps reduce winter ice buildup. Move-in ready and thoughtfully maintained, this home offers quality craftsmanship, practical amenities, and attractive outdoor living spaces.

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: 600 sq ft (the lesser of 900 sq ft or half the 1,199 sq ft principal dwelling). Lot size: 5,624 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.