199 Franklin St

Fall River, MA 02720

$639,999
Price
9
Beds
3,115 Sq. Ft.
$205 / Sq. Ft.
3,115
Sq. Ft.
$205
per Sq. Ft.
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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.
  1. Listed by Mission Impossible Team • United Brokers
  2. Listed by Kevin Ochoa • United Brokers

Property Details for 199 Franklin Street

Town
Fall River
Area
MA-Fall River
Garage Spaces
0
Open Parking Spaces
7.00
Parking Spaces Total
7
LISTING UPDATED: 06/22/2026 02:25 PM

Property Details for 199 Franklin Street

StatusNew
MLS #73539673
Days on MarketListed Today
Taxes$5,929 / year
HOA Fees-
Property TypeMulti Family
MLS TypeMulti-family / 3 Family
Year Built1900
CountyBristol County
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Location

Listing Courtesy of United Brokers, Mission Impossible Team; United Brokers, Kevin Ochoa
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Building Information for 199 Franklin Street

Stories3Residences3Year Built1900Building Size-Lot Size0.11 AC / 4,992 SF

Payment Calculator

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$3,683 per month

30 year fixed, 6.36% Interest

Principal and Interest

$3,189

Property Taxes

$494

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 199 Franklin Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Highway Access
  • 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.
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
Jun 22, 2026

Listed (Active)

MLS PIN #73539673

$639,999—
Sep 10, 2021

Sold

MLS PIN #72850548

$403,000—
Aug 2, 2021

Under Agreement

MLS PIN #72850548

—
DateEvent & SourcePrice
06/22/2026

Listed (Active)

MLS PIN #73539673

$639,999
09/10/2021

Sold

MLS PIN #72850548

$403,000
08/02/2021

Under Agreement

MLS PIN #72850548

—

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 Built1900ZoningN/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
Mary Fonseca Elementary School
Public - PK to 5
Morton Middle School
Public - 6 to 8
B M C Durfee High School
Public - 9 to 12
Resiliency Preparatory Academy
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.

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More information about 199 Franklin Street, Fall River, MA 02720

199 Franklin Street is a multi-family home for sale in Fall River, MA 02720. This listing's school district is Fall River School District. Nearby schools include Mary Fonseca Elementary School, Morton Middle School and B M C Durfee High School. 199 Franklin Street is a 9-bed, 3-bath, 3,115 sqft multi-family home built in 1900.

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, Mission Impossible Team; 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.