Sold
Last Sold Price
9 beds3,404 sqft
288 Locust St, Fall River, MA 02720
Multi FamilyProperty Type
0.08 acresLot Size
1850Year Built
$132/sq ftPrice per sq ft
1 carParking Spaces

Description

Beautifully maintained 4 family located in the lower highlands, corner lot, close to major highways, (24, 79, 195) 1 and 2 bdrm units on first floor, 2 and 3 bdrm on second floor, new deck 2021, separate heating and electric 8yrs, new roof 2020, sump pump 2020, water heater 5 yrs, hardwoods throughout, rents are below market value due to long time tenants, 1 unit is currently vacant, 3 units occupied, all tenants at will. With increased rents, this can be a great investment opportunity generating...Beautifully maintained 4 family located in the lower highlands, corner lot, close to major highways, (24, 79, 195) 1 and 2 bdrm units on first floor, 2 and 3 bdrm on second floor, new deck 2021, separate heating and electric 8yrs, new roof 2020, sump pump 2020, water heater 5 yrs, hardwoods throughout, rents are below market value due to long time tenants, 1 unit is currently vacant, 3 units occupied, all tenants at will. With increased rents, this can be a great investment opportunity generating up to $50,000/yr, you don't want to miss out on this one!
  • Listed by: Lee Ann Phillips • Success! Real Estate
Listing closed: 07/14/2022 12:00 AM • Source: MLS PIN, MLS#: 72924388

Recent comparable sales

Median sold price

$735,000

Avg days on market

41

Sale-to-list ratio

98.7%

Fall River, MA

9 comparable properties found

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$550,000 | 289 5th Street, Fall River, MA 02721
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Sold 08/31/26

9
Bedrooms
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Square Feet
Unavailable
Acres

Location

Listing Courtesy of Success! Real Estate, Lee Ann Phillips

Sold By Success! Real Estate, Lee Ann Phillips

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Payment Calculator

$2,643 per month

30 year fixed, 6.71% Interest

Principal and Interest

$2,325

Property Taxes

$318

HOA Dues

$0

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Property Information for 288 Locust Street

Property Details
  • Taxes: $3,814 / year
  • MLS Type: Multi-family / 4 Family - 4 Units Side by Side
  • Town: Fall River
  • Area: MA-Fall River
  • Garage Spaces: 0
  • Parking Spaces Total: 1
Building Information
  • Stories: 6
  • Residences: 4
  • Year Built: 1850
  • Lot Size: 0.08 AC / 3,319 SF
General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Highway Access, House of Worship, Private School, Public School
  • Current Financing: Conv. Fixed
  • Living Area: 3404.0
  • Color: beige
  • Total Units: 4
  • Waterfront: No
  • Water View: No
  • Year Built Details: Renovated Since
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Oven
  • Num of Baths: 8.0
  • Num of Full Baths: 4
  • Num of Half Baths: 4
  • Bathrooms Total Decimal: 6.00
  • Bathrooms Total Integer: 8
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood
  • Window Features: Insulated Windows
Exterior Features
  • Construction: Frame
  • Exterior Features: Porch, Deck
  • Lot Description: Corner Lot
  • Patio And Porch Features: Porch, Deck
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street
  • Parking Features: Off-Street
  • Parking Features: Off-Street
Utilities
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range, for Gas Oven
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
  • Disclosures: Below market rents are due to long term tenants.
Tax Information
  • Listing Terms: Contract
  • Tax ID: M:0O01 B:0000 L:0053,2833674
  • Assessments: $275,800
  • Block: 0000
  • Book: 3907
  • Lot: 0053
  • Map: 00-01
  • Tax Year: 2021
  • Zoning: A-2
Building / Association Information
Living Characteristics
  • Beds Total: 9
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Stone, Brick/Mortar
  • Foundation Area: 1425.0
  • Cooling Units: 0
  • Cooling Zones: 0
  • Heat Units: 4
  • Heat Zones: 4
Income / Expenses
  • Electricity: $583.00
  • Annual Expenses Source: Owner
  • GOI: $28,740.00
  • Gross Scheduled Income: $250.00
  • GRE: $6,681
  • MSE: $3,814
  • NOI: $22,059.00
  • Operating Expense: $6,681.00
  • WSE: $2,034.00
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: 1
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Lease U4: N
  • Levels U4: 2
Rental Info
Rental Info
  • Total Actual Rent: $2,395.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.0
  • Other Agent Compensation: 2

Property History for 288 Locust Street

DateEvent & SourcePriceAppreciation
Jul 14, 2022

Sold

MLS PIN #72924388

$449,900
Dec 4, 2021

Under Agreement

MLS PIN #72924388

Dec 4, 2021

Contingent

MLS PIN #72924388

DateEvent & SourcePrice
07/14/2022

Sold

MLS PIN #72924388

$449,900
12/04/2021

Under Agreement

MLS PIN #72924388

12/04/2021

Contingent

MLS PIN #72924388

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

Public Records for 288 Locust Street

Taxable ValueLand$113,500Additions$367,500Total$481,000
Tax Record2025$5,507 ($459 / month)
Home Facts
Baths4Total Finished SqFt3,404 SqFtAbove Grade Finished SqFt3,404 SqFtUnfinished Basement SqFt910 SqFtStories2Lot Size3,319 SqFtStyleMulti-Family Res (5+ Units)Year Built1850Year Renovated1850ZoningA-2CountyBRISTOLAPNFALL M:0O-01 B:0000 L:0053

Schools near 288 Locust 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.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 288 Locust Street, Fall River, MA 02720
$449,900
9
3,404
3,319
2
2,093
1,986
$390,000
2
1,630
10,559
$585,000
7
4,020
5,271
$280,000
4
3,389
3,619
$195,000
9
3,165
3,165

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 Success! Real Estate, Lee Ann Phillips

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.