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$639,999

199 Franklin St, Fall River MA 02720
Fall River, MA 02720
Listed by Mission Impossible Team
Bedrooms
9
Bathrooms
3
Living area
3,115 sqft
Year built
1900

About this home

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

MLS #
73539673
Property type
3 Family
Subdivision
N/A
Status
Active
Days on market
59
On market date
June 22, 2026
Stories
3
Garage spaces
N/A
Lot size
0.11 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Mary Fonseca Elementary School
0.69 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
666
Student:teacher ratio
16.2:1
District
Fall River
Middle
Morton Middle
0.94 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
694
Student:teacher ratio
13.3:1
District
Fall River
High
Resiliency Preparatory Academy
0.2 mi away · Grades 7-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
109
Student:teacher ratio
5.7:1
District
Fall River

Mortgage calculator

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Est. monthly payment
$4,004/mo
$128,000 down
$511,999 loan
Principal & interest$3,321
Property tax (est.)$533
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated June 26, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.