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199 Franklin St

Fall River, MA 02720
$615,000
9 Beds
3 Baths
3,115 Living Area
  • Property Description
    Excellent opportunity for investors and savvy owner-occupants to acquire a fully occupied 3-family in one of Fall River's rapidly evolving markets. Featuring three spacious 3-bedroom, 1-bath units, all leased with tenants-at-will, this property offers flexibility for future rent adjustments or owner occupancy. Separate gas and electric utilities help minimize operating expenses, while 7 off-street parking spaces provide a valuable amenity for tenants. Ideally located with convenient access to downtown, major highways, shopping, and local employers. Fall River continues to see significant investment through the new South Coast Rail commuter service, waterfront redevelopment, Route 79 corridor improvements, and ongoing economic revitalization, making this an attractive long-term investment with strong upside potential. A turnkey addition to any portfolio or an excellent opportunity to begin building wealth through multifamily ownership.
  • Highlights
    • Levels: 3
    • Property Class: Residential Income
    • Stories: 3
    • Year Built: 1900
    • Parking Spots: 7
    • Property Type: 3 Family
    • Total Rooms: 15
    • Status: Closed
  • Additional Details
    • Basement: Full, Unfinished
    • Flooring: Hardwood
    • Road Frontage Type: Public
    • SqFt Source: Public Record
    • Year Built Details: Approximate
    • Zoning: N/a
    • Construction: Frame
    • Foundation: Concrete Perimeter
    • Roof: Shingle
    • Total Number of Units: 3
    • Year Built Source: Public Records
  • Amenities
    • Community Features: Public Transportation, Shopping, Highway Access
    • Parking Features: Paved Drive, Off Street, Paved
  • Utilities
    • Electric: Circuit Breakers
    • Water Source: Public
    • Sewer: Public Sewer
  • Fees / Taxes
    • Assessed Value: $517,800
    • Taxes: $5,929
    • Tax Year: 2025
    • Total Rent: $4,700

Location

199 Franklin St, Fall River, MA 02720

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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of RE/MAX Vantage. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
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