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Sold for $615,000
  • $615,000

    199 Franklin St, Fall River, MA 02720

    9beds
    3,115sqft
    3 Family
    Built in 1900
    -- sqft lot
    $615,700 Zestimate®
    $197/sqft
    $2,022 Estimated rent

    Home value

    $615,700

    $566,000 - $665,000

    $2,022/mo

    Zestimate® history
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    $2,022/mo

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    $4,112/mo

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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Kevin Ochoa 857-753-7184,

    United Brokers 781-629-2258,

    Kevin Ochoa 857-753-7184

    Bought with:

    Victor Ortiz

    RE/MAX Vantage

    Source: MLS PIN,MLS#: 73539673

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 3
    • Full bathrooms: 3
    Features
    • Flooring: Hardwood
    • Basement: Full,Unfinished
    • Has fireplace: No
    Interior area
    • Total structure area: 3,115
    • Total interior livable area: 3,115 sqft
    • Finished area above ground: 3,115

    Property

    Parking
    • Total spaces: 7
    • Parking features: Paved Drive, Off Street, Paved
    • Uncovered spaces: 7
    Lot
    • Size: 4,992 Square Feet
    Details
    • Parcel number: M:0N04 B:0000 L:0007,2833138
    • Zoning: N/A

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 3 Family
    Materials
    • Frame
    • Foundation: Concrete Perimeter
    • Roof: Shingle
    Condition
    • Year built: 1900

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Public Transportation, Shopping, Highway Access
    Location
    • Region: Fall River

    Financial & listing details

    • Price per square foot: $197/sqft
    • Tax assessed value: $517,800
    • Annual tax amount: $5,929
    • Date on market: 7/11/2026
    • Total actual rent: 4700
    • Road surface type: Paved

    Price history

    DateEventPrice
    9/9/2026Sold$615,000-3.1%$197/sqft
    Source: MLS PIN #73539673 Report a problem
    8/27/2026Pending sale$634,974$204/sqft
    Source: MLS PIN #73539673 Report a problem
    8/13/2026Contingent$634,974$204/sqft
    Source: MLS PIN #73539673 Report a problem
    7/27/2026Price change$634,974-0.8%$204/sqft
    Source: MLS PIN #73539673 Report a problem
    6/22/2026Listed for sale$639,999+58.8%$205/sqft
    Source: MLS PIN #73539673 Report a problem
    9/15/2021Sold$403,000+0.8%$129/sqft
    Source: Public Record Report a problem
    8/2/2021Pending sale$399,900$128/sqft
    Source: MLS PIN #72850548 Report a problem
    7/4/2021Listed for sale$399,900$128/sqft
    Source: MLS PIN #72850548 Report a problem
    6/26/2021Pending sale$399,900$128/sqft
    Source: MLS PIN #72850548 Report a problem
    6/16/2021Listed for sale$399,900$128/sqft
    Source: MLS PIN #72850548 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,929 +4.6%$517,800 +4.9%
    2024$5,670 +12.8%$493,500 +20.5%
    2023$5,026 +13.7%$409,600 +16.9%
    2022$4,421 +6.4%$350,300 +16.6%
    2021$4,156 +11.9%$300,500 +16.9%
    2020$3,714 +17.6%$257,000 +18.7%
    2019$3,158 +7.6%$216,600 +7.9%
    2018$2,934 +3.6%$200,700 -0.8%
    2017$2,832 +2.6%$202,300 0%
    2016$2,759 +5.8%$202,400 +1.6%
    2015$2,607 -3.7%$199,300 -7.4%
    2014$2,708 +3.6%$215,300 -1.8%
    2013$2,615 +6.3%$219,200 -2.2%
    2012$2,461 +4.9%$224,100 -13.6%
    2010$2,345 +1.2%$259,400 -9.8%
    2009$2,318 -3.4%$287,600 -8.1%
    2008$2,400 +12.5%$312,900 +5.3%
    2007$2,133 +13.1%$297,100 +7.6%
    2006$1,886 +0.4%$276,100 +11.9%
    2005$1,878 +17.4%$246,800 +26.6%
    2004$1,600 +8.4%$194,900 +41.4%
    2003$1,476 +8.8%$137,800
    2002$1,356 -2.4%$137,800 +3.7%
    2000$1,390 +22.8%$132,900 +7.8%
    1995$1,132 $123,300
    Find assessor info on the county website

    Neighborhood: Bank Street

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $615,700
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $615,700