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Not all 3-families are created equal. If you've been searching for a Fall River multifamily where the major updates are already done-and you can move into a beautiful first-floor unit while collecting rental income from the other two-this one deserves your attention. The first-floor unit will be delivered vacant, creating an ideal opportunity for an owner-occupant to live comfortably while having rental income from the second and third floors help offset the mortgage. This spacious 3-bedroom apartment features a private entrance, gorgeous hardwood floors, a modern bathroom, and a beautifully updated kitchen with white shaker cabinets, granite countertops, and stainless-steel appliances. The second floor also offers 3 bedrooms, new flooring, and modern kitchen and bathroom updates. The third-floor 1-bedroom unit has an excellent long-term tenant, providing immediate rental income from day one. Beyond the cosmetic updates, the big-ticket items have been addressed. The property features three brand-new Weil-McLain boilers, updated electrical panels for the first, second, and owner panels, updated exterior meters, replacement windows, a new roof, vinyl siding, and newer second- and third-floor water heaters. Each apartment also has new washer and dryer hookups in the basement, giving every tenant dedicated laundry access. Then there's the parking-something that can make a multifamily property stand out. The owner's unit includes two off-street parking spaces with direct access to the new deck and front entrance, plus a detached 2-car garage. Add private yard space for entertaining, relaxing, or enjoying the outdoors, and you have features that are hard to replicate. Location adds another layer of appeal. You'll be just minutes from the Fall River waterfront, Bicentennial Park, Battleship Cove, The Cove Restaurant, the waterfront boardwalk, tennis courts, boat ramp, restaurants, shopping, and transportation, with the new commuter rail connection adding even more convenience for commuters. Whether you're a first-time owner-occupant looking for a multifamily home, an investor adding to your portfolio, or someone looking to house extended family while generating rental income, this property offers a compelling combination of updated living spaces, strong owner-occupant potential, parking, garage space, and location. When you're comparing 3-families in Fall River, look beyond the bedroom count. This is the one where the major work has already been done!
More Info
Basic Information
- Gross Income $39,600
- Lot Features Corner Lot
- Mls StatusActive
- Parcel Number M:0I07 B:0000 L:0026,2827866
- Rent Includes Unit 1(Other (See Remarks)), Unit 2(Water), Unit 3(Water, Other (See Remarks))
Tax Information
- Tax Assessed Value $409,700
- Tax Year 2025
- Taxes$4,691
School Information
- Elementary SchoolDoran Elementary School
- High School Durfee High School
Parking
- Covered Spaces 2
- Garage YN Yes
- Open Parking YN Yes
- Parking Features Off Street, Paved
- Parking Spaces6
Rooms
- Bathroom3
- Bathrooms Total Decimal 3
- Bedrooms7
- Full Bath3
Basic Information
- List Price$689,000
- MLS Number73561432
- Modification Date08/20/2026
- Property SubType3 Family
- Virtual TourView Tour
Location
- Address315 Washington Street
- Building Number315
- CountyBristol
- StateMA
- StreetWashington Street
- TownFall River
- Zip02721
Building
- BasementFull, Walk-Out Access, Dirt Floor, Concrete
- Building Area Units Square Feet
- FoundationStone
- Garage Spaces2
- Levels 3
- Patio And Porch Features Deck
- Rooms15
- Stories3
- Units3
- Utilities For Gas Range
- Year Built1900
- Year Built Details Approximate
- Year Built Source Public Records
Property
- Acreage0.08
Interior
- Flooring Tile, Laminate, Hardwood
- Interior Features
- Ceiling Fan(s)
- Dining Room
- Kitchen
- Laundry Room
- Living Room
- Pantry
- Remodeled
- Stone/Granite/Solid Counters
- Upgraded Cabinets
- Upgraded Countertops
Exterior
- RoofShingle
Utilities
- Cooling Window Unit(s)
- Electric Common, Individually Metered
- Heat SystemYes
- Heating Baseboard, Natural Gas
- Sewer Public Sewer
- Water Source Public
Property Information
- Building Area Source Public Records
- Living Area 2,257
- Lot Size Square Feet 3,350
- Lot Size Units Acres
- Square Feet2,257
Amenities
- Amenities
- Bike Path
- Highway Access
- House of Worship
- Laundromat
- Medical Facility
- Park
- Public School
- Public Transportation
- Shopping
- T-Station
- Tennis Court(s)
- Walk/Jog Trails
- Appliances IncludedRange, Refrigerator, Range Hood
- Other AmenitiesBasement, Tennis
Legal
- ZoningB-L
Other
- Date Listed08/10/2026
- Farm Land Area Units Square Feet
- View Count5
Map Location
Listed by The Perry Team of HomeSmart First Class Realty
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