631 Walnut St, Fall River MA 02720
Fall River, MA 02720
$749,999
$699,999
Est. $4,189/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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Open House Schedule
19
Sep
Saturday, September 19
1:30 PM - 3:00 PM EDT
About this home
Fantastic Three-Family Opportunity in Fall River’s Highlands! This spacious multifamily offers a great opportunity for investors or owner-occupants, complete with two off-street parking spaces. The first-floor unit has been tastefully renovated, featuring a brand-new bathroom gutted to the studs, freshly sanded hardwood floors, new LVP flooring in the living room, kitchen and bathroom, and some new windows. Additional improvements include a new hot water heater and some updated electrical. A walkout basement offers exciting potential for future expansion, subject to proper approvals. With three units, recent updates, parking, and room to add value, this is a great opportunity to build equity and generate rental income in a desirable Highlands location.
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
39.3%
Price Range
1
Previous Sales
Property Timeline
Agent Changed
Sep 17, 2026
Kade Phillips → Chelsea McLaughlin
Agent: Chelsea McLaughlin
Price Reduced
Sep 10, 2026
$699,999
$50,000
(-6.67%)
From $749,999 to $699,999 (-6.7%)
Listed for Sale
Aug 29, 2026
$749,999
Original listing
Agent: Kade Phillips
Office: RE/MAX Legacy
Previous Transaction - MLS #73181990
Full transaction history available when tracking began
Previously Sold
Dec 22, 2023
$455,000
MLS #73181990
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/17/2026 | 👤 Agent Changed | - | - | - | Kade Phillips → Chelsea McLaughlin |
| 09/10/2026 | ↓ Price Reduced | $699,999 | $50,000 | - | From $749,999 to $699,999 (-6.7%) |
| 08/29/2026 | 🏠 Listed for Sale | $749,999 | - | - | Original listing |
| 12/22/2023 | 🏷️ Previously Sold | $455,000 | - | - | MLS #73181990 |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $5,390 | $469,500 |
Financial Details
Annual Property Tax
$5,390
Tax Year 2026
Assessed Value
$469,500
Facts & Features
Home Facts
Type
Residential Income
Style
3 Family - 3 Units Up/Down
Year Built
1900
Living Area
2,833 sq ft
Lot Size
0.06 acres
Stories
3
Bedrooms
12
Full Baths
3
Total Rooms
21
Investment Metrics
Units
3
Unit 1 Rent
$2,500/mo · N
Unit 2 Rent
$2,400/mo · N
Unit 3 Rent
$2,100/mo · N
Total Monthly Rent
$7,000/mo
Gross Income
$82,800
Net Operating Income
$82,800
Cap Rate
11.83%
Interior
Heating
Baseboard, Natural Gas, Electric
Cooling
None
Flooring
Hardwood
Appliances
Range, Refrigerator, Range Hood
Fireplace
None
Basement
Full, Walk-out Access, Interior Entry, Unfinished
Laundry
None
Features
Living Room, Living Rm/dining Rm Combo, Kitchen
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
Fenced/enclosed
Patio/Porch
Porch
Parking
Features
Off Street, Paved
Total Spaces
2
Utilities
Electric
100 Amp Service, 200+ Amp Service
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$5,390
Assessed Value
$469,500
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
Both Tenants Are Taw- Agent Is Owner
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Sq Ft Disclosures
All measurements are approximate. Buyer/Agent to do their own due diligence.
Documents
None
County
Bristol
Total market time (incl. prior listings)
19 days
Property Overview
Property Type
3 Family - 3 Units Up/Down
Listing Type
For Sale
Year Built
1900
Bedrooms
12
Full Bathrooms
3
Living Area
2,833 sq ft
Total Rooms
21
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
2,833 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
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:
Range, Refrigerator, Range Hood
Interior Features:
Living Room, Living RM/Dining RM Combo, Kitchen
Windows:
Basement:
Full, Walk-Out Access, Interior Entry, Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Other
Stories:
3
Heating, Cooling & Utilities
Heating:
Baseboard, Natural Gas, Electric
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Porch
Fencing:
Fenced/Enclosed
Other Structures:
Lot Features:
Corner Lot
Road Surface:
Paved
Parking & Garage
Total Parking Spaces:
2
Parking Features:
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
0.3 mi
Grades PK-08
Holy Name School
0.6 mi
Grades PK-08
C-
John J Doran School
1.0 mi
|
#297 of 352
|
Score: 32.0
Improved 30 spots from last year
-26.3 below state avg
524 students
Diverse
Rising School
Diverse Student Body
Grades PK-08
St. Michael School
1.2 mi
Grades PK-08
Espirito Santo School
1.4 mi
Grades PK-08
East Gate Christian Academy
1.7 mi
Grades PK-12
Holy Trinity School
2.1 mi
Grades PK-08
C+
Atlantis Charter School
2.5 mi
|
#242 of 346
|
Score: 47.6
Improved 29 spots from last year
-10.6 below state avg
1,234 students
Diverse
High Graduation Rate
Rising School
College Ready Curriculum
Grades K-12
D
Henry Lord Community School
2.6 mi
|
#324 of 352
|
Score: 29.4
Improved 9 spots from last year
-28.8 below state avg
846 students
Very Diverse
Diverse Student Body
Grades PK-08
D
Stone PK-12 School
2.8 mi
|
#370 of 346
|
Score: 35.9
Same rank as last year
75 students
Diverse
Diverse Student Body
Grades K-12
Middle Schools
3 schools
C-
Morton Middle School
0.8 mi
|
#294 of 352
|
Score: 32.2
Improved 44 spots from last year
-26 below state avg
672 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
C-
Talbot Innovation School
1.4 mi
|
#309 of 352
|
Score: 30.9
Dropped 25 spots from last year
-27.3 below state avg
595 students
Very Diverse
Diverse Student Body
Grades 06-08
D
Matthew J Kuss Middle School
2.0 mi
|
#334 of 352
|
Score: 27.0
Improved 1 spots from last year
-31.2 below state avg
676 students
Very Diverse
Diverse Student Body
Grades 06-08
High Schools
6 schools
Fall River Deaconess Home School
0.3 mi
Grades 06-12
F
Resiliency Preparatory Academy
0.3 mi
|
#393 of 346
|
Score: 16.3
Same rank as last year
151 students
Very Diverse
Diverse Student Body
Grades 07-12
C
Argosy Collegiate Charter School
1.4 mi
|
#264 of 346
|
Score: 46.1
Dropped 9 spots from last year
-12.1 below state avg
604 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
1.3 mi
|
#249 of 346
|
Score: 47.2
Dropped 88 spots from last year
-11 below state avg
1,479 students
Moderate
13 sports
• 1,408 athletes
High Graduation Rate
Career Tech Programs
College Ready Curriculum
Strong Attendance
Grades 09-12
C+
B.M.C. Durfee High School
1.3 mi
|
#215 of 346
|
Score: 50.8
Improved 108 spots from last year
-7.4 below state avg
2,676 students
Very Diverse
18 sports
• 1,452 athletes
Early College Program
Rising School
Career Tech Programs
Strong Athletics
Grades 09-12
Bishop Connolly High School
1.5 mi
Grades 09-12
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Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
$0
Including down payment
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Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$449
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
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$0
Total interest paid
$0
Rate Impact
-0.5% Rate
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Current Rate
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+0.5% Rate
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
631 Walnut St, Fall River MA 02720
Fall River, MA 02720
Listing Information
Listing Agent
Chelsea McLaughlin
Listing Office
RE/MAX Legacy
Office Phone
508-946-1661
Agent MLS ID
CN227461
Office MLS ID
AN8165
Listing Data Updated
Sep 17, 2026 3:50 PM 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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