Last Sold Price
20 beds7,531 sqft$185/sqft
399 Bank St, Fall River, MA 02720

Description

Prime location, turnkey condition, and 20 bedrooms of rental upside, this 9-unit property in Fall River is a rare investment opportunity you don’t want to miss. Featuring two well-maintained buildings, a 4-family and a 5-family on one lot sitting just 1.5 miles from the South Coast Rail station. Located in the downtown historic district with easy access to parks, dining, shopping, and Routes I-195 & 24. The 4-family includes (2) massive 4-bedroom units and (2) 1-bedroom units; the 5-family offers...Prime location, turnkey condition, and 20 bedrooms of rental upside, this 9-unit property in Fall River is a rare investment opportunity you don’t want to miss. Featuring two well-maintained buildings, a 4-family and a 5-family on one lot sitting just 1.5 miles from the South Coast Rail station. Located in the downtown historic district with easy access to parks, dining, shopping, and Routes I-195 & 24. The 4-family includes (2) massive 4-bedroom units and (2) 1-bedroom units; the 5-family offers (5) spacious 2-bedrooms, including one townhouse-style apartment with about 7,531 total sqft. Extensively renovated about 12 years ago including roofs, windows, siding, plumbing, electrical, interiors, heating, and fire system. All units are lead compliant with certs. Separate utilities. Most units feature newer tankless heating systems. A low-maintenance, high-upside asset ready for its next owner. Reach out to schedule a showing today!
LISTING CLOSED: 07/24/2025 12:00 AM

  1. Listed by Zachary Midwood • Divine Real Estate, Inc.

Property Details for 399 Bank Street

Status
MLS #
73383675
Days on Market
16
Taxes
$10,903 / year
HOA Fees
-
Property Type
MLS Type
Multi-family / 5-9 Family
Year Built
1900
Town
Fall River
Area
MA-Fall River
Garage Spaces
0
Open Parking Spaces
2.00
Parking Spaces Total
2

Recent comparable sales

Median sold price

$1,200,000

Avg days on market

60

Sale-to-list ratio

92.7%

Fall River, MA

9 comparable properties found

$1,200,000 | 82 Wellington Street, Fall River, MA 02720
1/22
1

$1,200,000

Sold 05/04/26

20
Bedrooms
5,747
Square Feet
0.14
Acres
a front view of a house with yard
1/39
2

$1,200,000

Sold 11/13/25

15
Bedrooms
8,298
Square Feet
0.11
Acres
a cars parked in front of a white house
1/11
3

$2,200,000

Sold 10/02/24

18
Bedrooms
7,000
Square Feet
0.16
Acres
$1,450,000 | 349 Alden Street, Fall River, MA 02723
1/27
4

$1,450,000

Sold 10/22/25

10
Bedrooms
7,327
Square Feet
0.21
Acres
$1,150,000 | 105 Park Street, Fall River, MA 02721
1/43
5

$1,150,000

Sold 07/21/26

10
Bedrooms
6,472
Square Feet
0.10
Acres
$1,150,000 | 344-354 East Main Street, Fall River, MA 02724
1/43
6

$1,150,000

Sold 05/08/26

21
Bedrooms
11,457
Square Feet
0.13
Acres
a front view of a multi story building
1/2
7

$1,800,000

Sold 04/30/26

24
Bedrooms
9,402
Square Feet
0.32
Acres
a front view of a building with glass windows
1/9
8

$1,100,786

Sold 02/11/26

17
Bedrooms
12,093
Square Feet
0.17
Acres
$1,275,000 | 141-145 Hunter Street, Fall River, MA 02721
1/42
9

$1,275,000

Sold 05/21/26

18
Bedrooms
7,404
Square Feet
0.15
Acres

Location

Listing Courtesy of Divine Real Estate, Inc., Zachary Midwood

Sold By Four Points Real Estate, LLC, Todor Ialamov

Add your commute

Building Information for 399 Bank Street

Stories5Residences9Year Built1900Building Size-Lot Size0.13 AC / 5,708 SF

Payment Calculator

$7,974 per month

30 year fixed, 6.55% Interest

Principal and Interest

$7,065

Property Taxes

$909

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 399 Bank Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Golf Course, Medical Facility, Laundromat, Highway Access, House of Worship, Public School
  • Current Financing: Conv. Fixed
  • Living Area: 7531.0
  • SqFt with Basement: No
  • Total Units: 9
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full, Walk Out, Interior Access, Concrete Floor
  • Num of Baths: 9.0
  • Num of Full Baths: 9
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 9.00
  • Bathrooms Total Integer: 9
  • FireplaceYN: No
  • Fireplaces: 0
  • Laundry Features: Washer Hookup
  • SpaYN: No
  • Window Features: Screens
Exterior Features
  • Exterior Features: Rain Gutters
  • Exterior Features: Screens
  • Lot Description: Corner Lot
  • 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
  • Utility Connections: for Gas Range, for Gas Oven, Washer Hookup
  • Water: Public
Property Information
Property Info
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
Tax Information
  • Tax ID: M:0N04 B:0000 L:0061,2833180
  • Assessments: $952,200
  • Book: 7794
  • Tax Year: 2025
  • Zoning: N/A
Building / Association Information
Living Characteristics
  • Beds Total: 20
  • Total Living Levels: 5
Other Building Characteristics
  • Foundation: Stone
  • Levels: 5
  • Heat Units: 9
Income / Expenses
  • Annual Expenses Source: Owner
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
Unit 4 Description
  • Floor U4: 3
  • Lease U4: N
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $8,850.00

Property History for 399 Bank Street

DateEvent & SourcePriceAppreciation
Jul 24, 2025

Sold

MLS PIN #73383675

$1,390,000
Jun 7, 2025

Under Agreement

MLS PIN #73383675

Jun 7, 2025

Contingent

MLS PIN #73383675

DateEvent & SourcePrice
07/24/2025

Sold

MLS PIN #73383675

$1,390,000
06/07/2025

Under Agreement

MLS PIN #73383675

06/07/2025

Contingent

MLS PIN #73383675

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

Public Records for 399 Bank Street

Taxable ValueLand$180,000Additions$772,200Total$952,200
Tax Record2025$10,903 ($909 / month)
Home Facts
Lot Size5,708 SqFtStyleMulti-Family Dwelling (2-4)ZoningN/ACountyBRISTOLAPNFALL M:0N-04 B:0000 L:0061

Schools near 399 Bank 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

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 Divine Real Estate, Inc., Zachary Midwood

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.