INNOVATE Real Estate
2 Family - 2 Units Up/Down at 16 Murray St, Fall River MA 02720, Fall River
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$649,900

16 Murray St, Fall River MA 02720
Fall River, MA 02720
Listed by Susan Martins
Bedrooms
7
Bathrooms
2
Living area
2,300 sqft
Year built
1921

About this home

Completely renovated and move-in ready two-family home in Fall River just minutes from Somerset, offering an excellent opportunity for both owner-occupants and investors. Each unit has been thoughtfully updated with modern kitchens, refreshed bathrooms, new flooring, and its own forced hot air heating system along with split systems for air conditioning. Both units also feature a balcony. The property is well maintained and ready for its next owner, with great tenants already in place providing immediate rental income. Ideally located just minutes from Somerset, MA, the home offers convenient access to local shops, restaurants, schools, major roads, and surrounding communities. With extensive renovations already completed, updated heating and cooling systems, modern finishes, and a desirable two-family layout, this property offers comfort, convenience, and strong investment potential. A MUST SEE, turnkey multifamily opportunity in a convenient Fall River location.

Property details

MLS #
73586608
Property type
2 Family - 2 Units Up/Down
Subdivision
N/A
Status
Active
Days on market
3
On market date
October 5, 2026
Stories
2
Total bathrooms
2
Garage spaces
N/A
Parking spaces
3
Lot size
0.08 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
James Tansey
0.95 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
281
Student:teacher ratio
18.7:1
District
Fall River
Middle
Morton Middle
0.29 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
B M C Durfee High
1.02 mi away · Grades 9-12
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
2,347
Student:teacher ratio
13.3:1
District
Fall River

Walkability

Blended score for Fall River's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

80
Walkable
out of 100
EPA National Walkability Index
13.2 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores8
Parks14
Schools12
Transit stops20
Pharmacies3

Market position

How this listing compares to current activity in Fall River, from live MLS data.

On the market 3 days -- 103 fewer days than Fall River's current average of 106 days.
For reference, the median list price across 699 active listings in Fall River right now is $389,000.

Mortgage calculator

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Est. monthly payment
$4,064/mo
$129,980 down
$519,920 loan
Principal & interest$3,372
Property tax (est.)$542
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 2 days ago.

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.