
376 N Underwood St Fall River — Photo 1 of 42
$649,900
Investment Analysis — 376 N Underwood St
Fall River, MA 02720
Based on HUD Small Area Fair Market Rent for Providence-Fall River, RI-MA HUD Metro FMR Area, a 2-unit multi-family in 02720 carries an estimated $3,920/mo in gross rent — about a 4.76% cap rate and $30,943/yr in estimated NOI at the $649,900 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
2
SqFt
2,196
Style
2 Family - 2 Units Up/Down
Built
1900
Welcome to the best 2 family located in the desirable Highland Avenue neighborhood. Set in an established area with beautiful surrounding views and a convenient location, this extensively renovated property offers a great opportunity for an owner occupant or investor looking for a property that has already had major work completed. Each level features a spacious 3 bedroom layout, providing excellent living space and flexibility. The property has been renovated throughout with brand new kitchens, beautifully updated bathrooms, new plumbing, new electrical, new flooring, newer windows, and a brand new heating systems for the first & second floor. The updates bring a fresh, modern feel to the property while maintaining the functionality and character of the home.The basement is another major highlight, offering high ceilings and plenty of space that could provide potential for an ADU or additional future living space, subject to the proper approvals and requirements. This added flexibility creates even more potential for the next owner. Located just off Highland Avenue, you'll enjoy easy access to shopping, restaurants, schools, parks, public transportation, and major highways.The surrounding Highland Avenue neighborhood offers a convenient setting with elevated views of the area and quick access to everything Fall River has to offer.Whether you're looking to live in one unit, occupy the property as a multi generational setup, or add a strong investment property to your portfolio, 376 N Underwood St offers the space, location, updates, and future potential to make it your own.A tremendous amount of work has already been completed. Come see the property and the possibilities for yourself.
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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave
Neighborhood
Public Transportation • Shopping • Park • Laundromat • Highway Access • House of Worship
Geography
Property History
$649,900
Sep 23, 2026
MLS® 73582030
$425,000
Feb 23, 2026
MLS® 73472953
$425,000
Jan 30, 2026
MLS® 73472953
$400,000
Jan 29, 2026
MLS® 73393911
$400,000
Jun 19, 2025
MLS® 73393911
Listing Agent: Lentini Tavares
Listing Office: Vicente Realty, LLC
MLS® Number: 73582030








