INNOVATE Real Estate
Multi Family at 72 Tower Street, Fall River
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$689,900

72 Tower Street
Fall River, MA 02724
Listed by Leanne McCormick
Bedrooms
7
Bathrooms
4
Living area
N/A
Year built
1900

About this home

Exceptional investment opportunity! This extremely well-maintained 4-family property offers strong income potential. Each unit is turn-key and provides comfortable living space, while the detached garage with an expansive workshop is perfect for contractors, hobbyists, storage, or additional rental possibilities. Ample off-street parking, separate living areas, and a versatile layout make this an ideal addition to any investment portfolio or a great owner-occupied opportunity. Step outside to a spacious, private fully fenced in backyard that's perfect for entertaining, or creating your own outdoor oasis. The home has been owner occupied for the last 25 years. That pride of ownership is evident throughout, with quality maintenance, spacious rooms and flexible spaces that appeal to a wide range of tenants. Conveniently located near shopping, restaurants, schools, public transportation, and major highways, this property combines excellent cash-flow potential with long-term appreciation.

Property details

MLS
Rhode Island Association of REALTORS
MLS #
1419560
Property type
Multi Family
Subdivision
N/A
Status
Active
Days on market
25
On market date
August 2, 2026
Stories
3
Total bathrooms
4
Garage spaces
2
Parking spaces
10
Lot size
0.1265 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.

Elementary
Henry Lord Community School
0.59 mi away · Grades -1-8
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
775
Student:teacher ratio
13.4:1
District
Fall River
Middle
Matthew J Kuss Middle
1.1 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
707
Student:teacher ratio
13.9:1
District
Fall River
HighCharter
Argosy Collegiate Charter School
0.58 mi away · Grades 6-12
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
566
Student:teacher ratio
13.2:1
District
Argosy Collegiate Charter School (District)

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).

91
Highly walkable
out of 100
EPA National Walkability Index
16.8 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores15
Parks11
Schools16
Transit stops20
Pharmacies6

Market position

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

On the market 25 days -- 86 fewer days than Fall River's current average of 111 days.
For reference, the median list price across 733 active listings in Fall River right now is $375,000.

Mortgage calculator

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Est. monthly payment
$4,305/mo
$137,980 down
$551,920 loan
Principal & interest$3,580
Property tax (est.)$575
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated August 28, 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.