Active

120 Days on market

878 Highland Ave Fall River — Photo 1 of 42

Recent Drop: $40,000

$769,900

$729,900

Investment Analysis — 878 Highland Ave

Fall River, MA 02720

Based on HUD Small Area Fair Market Rent for Providence-Fall River, RI-MA HUD Metro FMR Area, a 5-bedroom in 02720 carries an estimated $2,320/mo in gross rent — about a 1.38% cap rate and $10,081/yr in estimated NOI at the $729,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

4.5

SqFt

5,069

Style

Single Family

Built

1895

Currently configured and utilized as a TWO-FAMILY residence, the home can easily restored to it's original single family design. Prominently situated in the Highlands, 878 Highland Avenue offers sweeping, unobstructed views of the city’s iconic North Park, the Taunton River, and the Braga Bridge. Known historically as the “Langley House” this distinguished Queen Anne style residence was built in 1896 with exceptional craftsmanship. It showcases period details throughout, including original brass door hardware, vintage chandeliers, a distinctive keyhole-shaped window, extensive moldings, and three intricately designed fireplaces. An expansive veranda welcomes you into the owner's unit, which gracefully extends across three levels of the home. A second unit is located on the first floor through a private side entrance. . In the rear of the property, an additional driveway provides off-street parking and leads to a two-stall 1,400 sq ft carriage house which offers ADU potential.

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 5,069 sq ft principal dwelling). Lot size: 18,992 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.