199 Franklin St, Fall River, MA 02720
Bristol County
Key Facts
Description
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 Information
Property Type
Residential Income
Sub-Type
Triplex
Year Built
1900
Stories
3
Living Area
3,115 sq ft
Lot Size
0.11 acres
Parking Spaces
7
Zoning
N/A
Days on Market
4
MLS® Listing#
73539673
Property Features
Flooring
Basement
Parking
Construction
Foundation
Roof
Sewer
Water Source
Financial Details
Annual Taxes
$5,929
Tax year 2025
Assessed Value
$517,800
Parcel Number
M:0N04 B:0000 L:0007,2833138
Directions
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Affordability Calculator
$128,000
Estimated monthly payment
$3,406/mo
Principal $511,999 · Est. interest $714,284 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Fall River, MA
- $551,351
- Median Listing Price
- 54
- Median Days on Market
- 2,146
- Median Sq Ft
- $243
- Median Price / Sq Ft
- 200
- Active Listings
- This home’s price is 16% above the area median.
- Its price per sq ft is 15% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Fall River, MA.
Location
Points of Interest in Fall River, MA
Showing the Fall River area map.
Nearby Schools
Mastery School of Independent Learning
Elementary · 0.1 mi away
Fall River Public Schools
School · 0.3 mi away
Westall Elementary School
Elementary · 0.4 mi away
Antioch School
Secondary · 0.5 mi away
Mary L Fonseca Elementary School
Elementary · 0.7 mi away
John J Doran
Elementary · 0.7 mi away
Atlantis Charter School
School · 0.8 mi away
Argosy Collegiate High School
Secondary · 0.8 mi away
Saints Peter & Paul School
School · 0.8 mi away
Holy Name School
School · 0.9 mi away
Morton Middle School
Secondary · 0.9 mi away
Aldrich School
School · 1.1 mi away
Argosy Collegiate Charter School
Secondary · 1.1 mi away
Wixon School
School · 1.1 mi away
William S Greene Elementary School
Elementary · 1.2 mi away
St. Stanislaus School
School · 1.2 mi away
Spencer Borden Elementary School
Elementary · 1.3 mi away
B.M.C Durfee High School
Secondary · 1.3 mi away
Espirito Santo Parochial School
School · 1.4 mi away
AS Letourneau Elementary School
Elementary · 1.4 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 289 Fifth St, Fall River, MA | $585,000 | 9 | 3 | 3,242 |
| 953 Globe St, Fall River, MA | $618,000 | 8 | 3 | 2,601 |
| 147 Jefferson St, Fall River, MA | $629,900 | 8 | 3 | 2,483 |
| 646 Birch St, Fall River, MA | $629,999 | 9 | 3 | 2,619 |
| 87 Smith, Fall River, MA | $639,000 | 8 | 4 | 2,853 |
| 280 Ridge St, Fall River, MA | $689,999 | 9 | 3 | 3,234 |
Moving Cost Estimate
EXIT Agents in Fall River
Listing Courtesy: United Brokers - 7816292258
Presented by: Mission Impossible Team