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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.

More Info

Basic Information

  • Gross Income $56,400
  • Mls StatusNew
  • Parcel Number M:0N04 B:0000 L:0007,2833138
  • Road Frontage DescriptionPaved

Tax Information

  • Tax Assessed Value $517,800
  • Tax Year 2025
  • Taxes$5,929

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street, Paved
  • Parking Spaces7

Rooms

  • Bathroom3
  • Bathrooms Total Decimal 3
  • Bedrooms9
  • Full Bath3

Basic Information

  • List Price$639,999
  • MLS Number73539673
  • Modification Date06/23/2026
  • Property SubType3 Family
  • Virtual TourView Tour

Location

  • Address199 Franklin Street
  • Building Number199
  • CountyBristol
  • StateMA
  • StreetFranklin Street
  • TownFall River
  • Zip02720

Building

  • BasementFull, Unfinished
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationConcrete Perimeter
  • Levels 3
  • Rooms15
  • Stories3
  • Units3
  • Year Built1900
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.11

Interior

  • Flooring Hardwood

Exterior

  • RoofShingle

Utilities

  • Electric Circuit Breakers
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 3,115
  • Lot Size Square Feet 4,992
  • Lot Size Units Acres
  • Square Feet3,115

Amenities

  • AmenitiesPublic Transportation, Shopping, Highway Access
  • Other AmenitiesBasement

Legal

  • ZoningN/A

Other

  • Date Listed06/22/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Mission Impossible Team of United Brokers

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