386-388 Locust St, Fall River MA 02720
Fall River, MA 02720
$1,100,000
Est. $5,934/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.
Adjust the payment calculatorTrack this home for price, status, and open-house alerts.
About this home
RARE OPPORTUNITY for a completely VACANT, almost entirely new construction multifamily in Fall River’s desirable Highlands! Be the first owner of this extensively rebuilt property offering an incredible 13 bedrooms and 6 bathrooms with spacious, thoughtfully designed layouts throughout. Nearly everything is NEW, including framing, electrical, plumbing, roof, windows, vinyl siding, kitchens, bathrooms, HVAC systems and more.Two of the units feature highly desirable townhouse-style layouts, each offering 4 spacious bedrooms and 2 full bathrooms—an extremely rare setup in today’s multifamily market. The brand-new kitchens feature quartz countertops, modern cabinetry and beautiful finishes, complemented by newly designed bathrooms throughout.Each unit is equipped with HVAC, plus the added convenience of electrical panels located within each individual unit. Situated on a corner lot, the property also offers off-street parking and multiple attached storage sheds, providing valuable additional storage for occupants.Enjoy water views overlooking the Taunton River and the iconic Braga Bridge from this prime Highlands location. With 13 bedrooms, 6 bathrooms, extensive new construction, large townhouse-style units, modern systems, parking, storage, water views and the tremendous advantage of being delivered completely vacant, this is a standout opportunity for an owner-occupant or investor. Move in, select your own tenants and establish rents from day one!
View in the App
Save this property, schedule tours instantly, and get alerts when the price drops
Scan with phone
Public Records & Permits
Log in to view assessor & tax records, ownership history, and recent building permits for this property.
BMN Estimate
Get the number an algorithm can't give you
A free agent CMA factors in condition, upgrades, and the street — the things comps alone can't see.
Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Sep 26, 2026
$1,100,000
Original listing
Agent: Gary Gagne Jr.
Office: Freedom Realty Group LLC
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/26/2026 | 🏠 Listed for Sale | $1,100,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $2,066 | $180,000 |
Financial Details
Annual Property Tax
$2,066
Tax Year 2026
Assessed Value
$180,000
Facts & Features
Home Facts
Type
Residential Income
Style
4 Family - 4 Units Side by Side
Year Built
1883
Living Area
6,345 sq ft
Lot Size
0.25 acres
Stories
6
Bedrooms
13
Full Baths
6
Total Rooms
33
Investment Metrics
Units
4
Unit 1 Rent
— · N
Unit 2 Rent
— · N
Unit 3 Rent
— · N
Unit 4 Rent
— · N
Interior
Heating
None
Cooling
None
Flooring
Tile, Vinyl
Appliances
None
Fireplace
None
Basement
Full
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Off Street
Total Spaces
2
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$2,066
Assessed Value
$180,000
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
Seller Is A Ma Licensed Real Estate Broker.
Additional Details
Possession
None
Accepted Financing
Contract
Structure Type
[]
Sq Ft Source
Measured
Documents
None
County
Bristol
Total market time (incl. prior listings)
1 days
Property Overview
Property Type
4 Family - 4 Units Side by Side
Listing Type
For Sale
Year Built
1883
Bedrooms
13
Full Bathrooms
6
Living Area
6,345 sq ft
Total Rooms
33
Stories
6
Levels
6
Floor Layout
Interactive room guide
Floor Layout
Finished Area
6,345 sq ft above grade
Display Options
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:
Tile, Vinyl
Appliances:
Interior Features:
Windows:
Insulated Windows
Basement:
Full
Laundry:
Security:
Construction & Materials
Year Built:
1883
Structure Type:
Exterior Materials:
Roof:
Foundation:
Block
Stories:
6
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Electric
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Corner Lot
Road Surface:
Parking & Garage
Total Parking Spaces:
2
Parking Features:
Off Street
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
0.8 mi
Grades PK-08
C-
John J Doran School
0.8 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
East Gate Christian Academy
1.5 mi
Grades PK-12
Espirito Santo School
1.6 mi
Grades PK-08
Holy Trinity School
2.1 mi
Grades PK-08
D
Henry Lord Community School
2.5 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
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
Stone PK-12 School
2.7 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
1.6 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
1.8 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
F
Resiliency Preparatory Academy
< 0.1 mi
|
#393 of 346
|
Score: 16.3
Same rank as last year
151 students
Very Diverse
Diverse Student Body
Grades 07-12
Fall River Deaconess Home School
0.2 mi
Grades 06-12
C
Argosy Collegiate Charter School
1.3 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+
B.M.C. Durfee High School
1.5 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
C
Diman Regional Vocational Technical High School
1.5 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
Bishop Connolly High School
1.7 mi
Grades 09-12
Learn about these ratings
Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$172
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
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
Loading map...
Neighborhood
386-388 Locust St, Fall River MA 02720
Fall River, MA 02720
Listing Information
Listing Agent
Gary Gagne Jr.
Listing Office
Freedom Realty Group LLC
Office Phone
774-361-2794
Agent MLS ID
CN260288
Office MLS ID
AN9022
Listing Data Updated
Sep 27, 2026 3:30 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
Contact Us
Ask about this property — free, no obligation.
Similar Homes for Sale
Comparable Properties
Customize Comparable Search
Finding comparable properties...
Loading market insights for Fall River.