Sold
Last Sold Price
9 beds3,115 sqft
199 Franklin St, Fall River, MA 02720
Multi FamilyProperty Type
0.11 acresLot Size
1900Year Built
$197/sq ftPrice per sq ft
7 carsParking Spaces

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,...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.
  • Listed by: Kevin Ochoa • United Brokers
Listing closed: 09/09/2026 12:00 AM • Source: MLS PIN, MLS#: 73539673

See It First™ on Compass

Find homes before they're listed on other real estate sites.

Start your search

Location

Listing Courtesy of United Brokers, Kevin Ochoa

Sold By RE/MAX Vantage, Victor Ortiz

Add your commute

Virtual Tour

Payment Calculator

$3,777 per month

30 year fixed, 7.03% Interest

Principal and Interest

$3,283

Property Taxes

$494

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 199 Franklin Street

Property Details
  • Taxes: $5,929 / year
  • MLS Type: Multi-family / 3 Family
  • Town: Fall River
  • Area: MA-Fall River
  • Garage Spaces: 0
  • Open Parking Spaces: 7.00
  • Parking Spaces Total: 7
Building Information
  • Stories: 3
  • Residences: 3
  • Year Built: 1900
  • Lot Size: 0.11 AC / 4,992 SF
General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Highway Access
  • Current Financing: Conv. Fixed
  • Living Area: 3115.0
  • Color: White
  • SqFt with Basement: No
  • Total Units: 3
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full, Unfinished Basement
  • Num of Baths: 3.0
  • Num of Full Baths: 3
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 3.00
  • Bathrooms Total Integer: 3
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Hardwood
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Paved Driveway
  • Parking Features: Off-Street, Paved Driveway
Utilities
  • Electric: Circuit Breakers
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Disclosures: Water heaters are rented. Owner pays a monthly fee. Buyers and their agents are encouraged to perform their own due diligence and independently verify any information they consider material to their decision. No warranties expressed nor implied neither from the seller nor from agent of any kind.
Tax Information
  • Tax ID: M:0N04 B:0000 L:0007,2833138
  • Assessments: $517,800
  • Book: 10728
  • Tax Year: 2025
  • Zoning: N/A
Building / Association Information
Living Characteristics
  • Beds Total: 9
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Concrete Perimeter
  • Levels: 3
Income / Expenses
  • GOI: $56,400.00
  • NOI: $56,400.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Lease U3: N
  • Levels U3: 1
Rental Info
Rental Info
  • Total Actual Rent: $4,700.00

Property History for 199 Franklin Street

DateEvent & SourcePriceAppreciation
Sep 9, 2026

Sold

MLS PIN #73539673

$615,000—
Aug 5, 2026

Under Agreement

MLS PIN #73539673

—
Aug 5, 2026

Contingent

MLS PIN #73539673

—
DateEvent & SourcePrice
09/09/2026

Sold

MLS PIN #73539673

$615,000
08/05/2026

Under Agreement

MLS PIN #73539673

—
08/05/2026

Contingent

MLS PIN #73539673

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 199 Franklin Street

Taxable ValueLand$125,100Additions$392,700Total$517,800
Tax Record2025$5,929 ($494 / month)
Home Facts
Baths3Total Finished SqFt3,115 SqFtAbove Grade Finished SqFt3,115 SqFtUnfinished Basement SqFt1,244 SqFtStories3Lot Size4,992 SqFtStyleTriplexYear Built1900Year Renovated1900ZoningN/ACountyBRISTOLAPNFALL M:0N-04 B:0000 L:0007

Schools near 199 Franklin Street

This home is within Fall River School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Mary Fonseca Elementary School
PublicPK to 5

Morton Middle School
Public6 to 8

B M C Durfee High School
Public9 to 12

Resiliency Preparatory Academy
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of United Brokers, Kevin Ochoa

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.