199 Franklin St, Fall River MA 02720
Fall River, MA 02720
$639,999
$634,974
Est. $3,905/month
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About this home
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.
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
0.8%
Price Range
Property Timeline
Contingency Update
Aug 24, 2026
Pending P&S
Status: Active under contract
Aug 13, 2026
Active → Active Under Contract
Pending Sale
Aug 5, 2026
Offer accepted, sale pending
Price Reduced
Jul 27, 2026
$634,974
$5,025
(-0.79%)
From $639,999 to $634,974 (-0.8%)
Listed for Sale
Jun 22, 2026
$639,999
Original listing
Agent: Mission Impossible Team
Office: United Brokers
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/24/2026 | 📝 Contingency Update | - | - | - | Pending P&S |
| 08/13/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 08/05/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 07/27/2026 | ↓ Price Reduced | $634,974 | $5,025 | - | From $639,999 to $634,974 (-0.8%) |
| 06/22/2026 | 🏠 Listed for Sale | $639,999 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $5,929 | $517,800 |
Financial Details
Annual Property Tax
$5,929
Tax Year 2025
Assessed Value
$517,800
Facts & Features
Home Facts
Type
Residential Income
Style
3 Family
Year Built
1900
Living Area
3,115 sq ft
Lot Size
0.11 acres
Stories
3
Bedrooms
9
Full Baths
3
Total Rooms
15
Investment Metrics
Units
3
Unit 1 Rent
$1,800/mo · N
Unit 2 Rent
$1,500/mo · N
Unit 3 Rent
$1,400/mo · N
Total Monthly Rent
$4,700/mo
Gross Income
$56,400
Net Operating Income
$56,400
Cap Rate
8.88%
Interior
Heating
None
Cooling
None
Flooring
Hardwood
Appliances
None
Fireplace
None
Basement
Full, Unfinished
Laundry
None
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Paved Drive, Off Street, Paved
Total Spaces
7
Utilities
Electric
Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$5,929
Assessed Value
$517,800
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller 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.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
White
Sq Ft Source
Public Record
Documents
None
County
Bristol
Total market time (incl. prior listings)
66 days
Property Overview
Property Type
3 Family
Listing Type
Sale Pending
Year Built
1900
Bedrooms
9
Full Bathrooms
3
Living Area
3,115 sq ft
Total Rooms
15
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,115 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Hardwood
Appliances:
Interior Features:
Windows:
Basement:
Full, Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Concrete Perimeter
Stories:
3
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Paved
Parking & Garage
Total Parking Spaces:
7
Parking Features:
Paved Drive, Off Street, Paved
Nearby Schools
School District
Fall River School District local
C-
School Safety
2024-25
8.4%
Above Average
8.4%
Suspensions
2.1%
In-School
2.9% above state avg
Elementary Schools
10 schools
Antioch School
0.5 mi
Grades PK-08
C-
John J Doran School
0.7 mi
|
#301 of 352
|
Score: 31.3
Improved 26 spots from last year
-26.9 below state avg
525 students
Diverse
Rising School
Diverse Student Body
Grades PK-08
Holy Name School
1.0 mi
Grades PK-08
East Gate Christian Academy
1.4 mi
Grades PK-12
Espirito Santo School
1.4 mi
Grades PK-08
St. Michael School
1.4 mi
Grades PK-08
Holy Trinity School
1.9 mi
Grades PK-08
D
Henry Lord Community School
2.3 mi
|
#321 of 352
|
Score: 29.1
Improved 12 spots from last year
-29.1 below state avg
817 students
Diverse
Diverse Student Body
Grades PK-08
C
Atlantis Charter School
2.3 mi
|
#246 of 346
|
Score: 46.8
Improved 25 spots from last year
-11.4 below state avg
1,246 students
Diverse
Rising School
College Ready Curriculum
Grades K-12
D
Stone PK-12 School
2.5 mi
|
#370 of 346
|
Score: 35.9
Same rank as last year
56 students
Diverse
Diverse Student Body
Grades K-12
Middle Schools
3 schools
C-
Morton Middle School
1.0 mi
|
#299 of 352
|
Score: 31.4
Improved 39 spots from last year
-26.8 below state avg
751 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
C-
Talbot Innovation School
1.6 mi
|
#309 of 352
|
Score: 30.6
Dropped 25 spots from last year
-27.6 below state avg
582 students
Diverse
Diverse Student Body
Grades 06-08
D
Matthew J Kuss Middle School
1.6 mi
|
#336 of 352
|
Score: 27.0
Dropped 1 spots from last year
-31.2 below state avg
646 students
Diverse
Diverse Student Body
Grades 06-08
High Schools
6 schools
F
Resiliency Preparatory Academy
0.2 mi
|
#393 of 346
|
Score: 16.3
Same rank as last year
171 students
Very Diverse
Diverse Student Body
Grades 07-12
Fall River Deaconess Home School
0.5 mi
Grades 06-12
C+
Argosy Collegiate Charter School
1.1 mi
|
#244 of 346
|
Score: 46.8
Improved 11 spots from last year
-11.4 below state avg
587 students
Diverse
7 sports
• 126 athletes
Early College Program
College Ready Curriculum
Diverse Student Body
Grades 06-12
C+
Diman Regional Vocational Technical High School
1.5 mi
|
#242 of 346
|
Score: 47.1
Dropped 81 spots from last year
-11.1 below state avg
1,463 students
Moderate
13 sports
• 1,408 athletes
High Graduation Rate
Career Tech Programs
College Ready Curriculum
Grades 09-12
C+
B.M.C. Durfee High School
1.6 mi
|
#225 of 346
|
Score: 49.2
Improved 98 spots from last year
-9 below state avg
2,642 students
Diverse
18 sports
• 1,452 athletes
Early College Program
Rising School
Career Tech Programs
Strong Athletics
Grades 09-12
Bishop Connolly High School
1.8 mi
Grades 09-12
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Including down payment
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Monthly Payment Breakdown
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Property Tax
$494
Homeowners Insurance
$200
PMI (if <20% down)
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Loan Summary
Total of 360 payments
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
199 Franklin St, Fall River MA 02720
Fall River, MA 02720
Listing Information
Listing Agent
Mission Impossible Team
Listing Office
United Brokers
Office Phone
781-629-2258
Agent MLS ID
TEAM0361
Office MLS ID
BB9067
Listing Data Updated
Aug 27, 2026 3:05 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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