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131 Thomas St, Fall River, MA, 02723

17beds
6baths
4,704sqft
$979,000
$208price/sqft
$7,195/moest. monthly cost
$287,800/yrincome needed

About This Home

Attention Investors! Turn key 6 unit currently fully occupied. All utilities are separated and paid for by the tenants. all six units 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!

Getting Around

91
WalkingWalker's Paradise
33
TransitSome Transit
52
BikeBikeable

Schools

5/10
4/10
Talbot Innovation SchoolGrades 6-80.5 mi
2/10
B M C Durfee High SchoolGrades 9-121.6 mi

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Granite
  • Roof: Rubber
  • Construction materials: Frame

Type & Style

  • Home type: MultiFamily
  • Property subType: 5-9 Family

Interior

Basement

  • Has basement: Yes
  • Basement: Full,Interior Entry,Concrete,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 17
  • Bathrooms: 6
  • Full bathrooms: 6

Features

  • Flooring: Tile,Carpet,Varies
  • Finished area above ground: 4,704

Interior Area

  • Total structure area: 4,704
  • Total interior livable area: 4,704 sqft

Property

Details

  • Parcel number: M:0K14 B:0000 L:0040,2830090
  • Zoning: N/A

Lot

  • Lot size: 4,173 sqft

Parking

  • Total spaces: 4
  • Parking features: Paved Drive,Off Street
  • Has uncovered spaces: Yes
  • Uncovered spaces: 4

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Inland Flooding
Tsunami

FEMA Declared Disasters Across Massachusetts Counties

Flood
Hurricane
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,950$59,400
Home Insurance *$478$5,736
Property Taxes $840$10,080
Electricity $927$11,131
Total$7,195$86,340
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$246,685/yr
40% on housing$215,850/yr
45% on housing$191,866/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.0%
7.0%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: -0.5%
-0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$208This listing

vs Other Active Listings

Avg $/sqft

ZIP 02723$212
Bristol County$275

vs Homes Sold Last Month

Median $/sqft

ZIP 02723$242
Bristol County$339

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-07-17Listed for sale$979,000
2026-07-15Pending sale$979,000
2026-07-01Contingent$979,000
2026-05-21Listed for sale$979,000

For Sale by Agent

AgentDaniel Quintal
BrokerageDan Quintal Real Estate

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