$634,974
199 Franklin St
Fall River, MA, 02720
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.
Property Details
Price:
$634,974
MLS #:
73539673
Status:
Active
Beds:
9
Baths:
3
Type:
Multi Family
Subtype:
3 Family
Listed Date:
Jun 22, 2026
Finished Sq Ft:
3,115
Total Sq Ft:
3,115
Lot Size:
4,992 sqft / 0.11 acres (approx)
Year Built:
1900
Units:
3
Schools
Interior
Above Grade Finished Area
3115
Bathrooms
3 Full Bathrooms
Flooring
Hardwood
Levels
3
Exterior
Community Features
Public Transportation, Shopping, Highway Access
Construction Materials
Frame
Open Parking Spaces
7
Open Parking YN
1
Parking Features
Paved Drive, Off Street, Paved
Parking Spots
7
Parking Total
7
Roof
Shingle
Stories
3
Financial
Tax Year
2025
Taxes
$5,929
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Map
Current real estate data for Multi Family in Fall River as of Aug 06, 2026
135
Multi Family Listed
178
Avg DOM
211
Avg $ / SqFt
$789,131
Avg List Price
Community
- Address199 Franklin St Fall River MA
- CityFall River
- CountyBristol
- Zip Code02720
Subdivisions in Fall River
Similar Listings Nearby
Property Summary
- 199 Franklin St Fall River MA is a Multi Family for sale in Fall River, MA, 02720. It is listed for $634,974 To schedule a showing of MLS#73539673 at 199 Franklin St in Fall River, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of United Brokers. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
199 Franklin St
Fall River, MA