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.
For sale
$639,999
199 Franklin St, Fall River, MA 02720
9beds
3,115sqft
3 Family
Built in 1900
-- sqft lot
$635,200 Zestimate®
$205/sqft
$-- HOA
What's special
- 5 days |
- 468 |
- 33 |
Zillow last checked:
Listing updated:
Listed by:
Mission Impossible Team 781-629-2258,
United Brokers 781-629-2258,
Kevin Ochoa 857-753-7184
Source: MLS PIN,MLS#: 73539673
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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: $205/sqft
- Tax assessed value: $517,800
- Annual tax amount: $5,929
- Date on market: 6/22/2026
- Total actual rent: 4700
- Road surface type: Paved
Estimated market value
$635,200
$603,000 - $667,000
$1,717/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/22/2026 | Listed for sale | $639,999+58.8%$205/sqft |
Source: MLS PIN #73539673 Report a problem | ||
| 9/10/2021 | Sold | $403,000+0.8%$129/sqft |
Source: MLS PIN #72850548 Report a problem | ||
| 8/2/2021 | Pending sale | $399,900$128/sqft |
Source: MLS PIN #72850548 Report a problem | ||
| 7/4/2021 | Listed for sale | $399,900$128/sqft |
Source: MLS PIN #72850548 Report a problem | ||
| 6/26/2021 | Pending sale | $399,900$128/sqft |
Source: MLS PIN #72850548 Report a problem | ||
| 6/16/2021 | Listed for sale | $399,900$128/sqft |
Source: MLS PIN #72850548 Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | $123,300 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Bank Street
Nearby schools
GreatSchools rating
- 3/10WestallGrades: K-5Distance: 0.4 mi
- 3/10Morton Middle SchoolGrades: 6-8Distance: 0.9 mi
- 2/10B M C Durfee High SchoolGrades: 9-12Distance: 1.4 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Massachusetts
- Bristol County
- Fall River
- 02720
- Bank Street
- 199 Franklin St







