Movoto Real Estate
Sold on 08/05/2026
  • Exterior
  • View/Area
  • Living
  • Kitchen
  • Dining
  • Entry Way
  • Bedroom
  • Bath
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199 Franklin St, Fall River, MA 02720

$615,000

Last sold 08/05/2026 after 44 Days

  • 9

    bed

  • 3

    bath

  • 3,115

    Sqft ($197/Sqft)

Multi-family not for sale

About 199 Franklin St

Property type Multi-family
Neighborhood
Year built 1900
HOA fee $0/month
Lot size 4,992 Sqft
Movoto estimate
Property description
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.
Listed by
Listing Agent - Kevin Ochoa
Listing Office - United Brokers
Source: MLS Property Information Network, Inc. mls logo
MLS#73539673 • last updated 15 hours ago
Movoto checked MLS Property Information Network, Inc. for data 6 minutes ago
Overview
Levels/Style 3, 3
MLS # 73539673
Type Residential Income
Status Closed
SubType 3 Family
SqFt 3115
Lot Size (SqFt) 4992
Lot Size (Acres) 0.11
Annual Property Tax 5929
Year Built 1900
Interior
Total # of Bathrooms 3
# Full Baths 3
Total # of Bedrooms 9
Basement Full, Unfinished
Total # of Rooms 15
Flooring Hardwood
Exterior
Foundation Concrete Perimeter
Roof Shingle
Construction Frame
Parking Desc Paved Drive, Off Street, Paved
# Parking Spaces 7
Amenities / Utilities
Sewer Public Sewer
Electricity Circuit Breakers
Water Source Public
Location
County Bristol
Community Features Public Transportation, Shopping, Highway Access
APN M:0N04 B:0000 L:0007, 2833138
Directions Use GPS
Multifamily Details
Net Operating Income 56400
Total Actual Rent 4700
Gross Income 56400
Lot/ Land Details
Road Frontage Public
Road Surface Paved
$621K
Range: $558K-$683K
Last 30 days 
  • Aug 2026
    mls logo MLS # 73539673
  • Aug 13, 2026 Active
  • Jul 27, 2026 Price Change
    $634,974 (-0.8%)
  • Jun 22, 2026 Listed
    $639,999 (+60.0%)
  • Jun 2021
    mls logo MLS # 72850548
  • Jun 16, 2021 Listed
    $399,900
  • Year Property taxes Tax assessment
  • 2025
    $5,929 +4.6%
    $517,800 +4.92%
  • 2024
    $5,670 +12.8%
    $493,500 +20.48%
  • 2023
    $5,026 +13.7%
    $409,600 +16.93%
  • 2022
    $4,421 +6.4%
    $350,300 +16.57%
  • 2021
    $4,156 +11.9%
    $300,500 +16.93%
  • 2020
    $3,714 +17.6%
    $257,000 +18.65%
  • 2019
    $3,158 +7.6%
    $216,600 +7.92%
  • 2018
    $2,934 +3.6%
    $200,700 -0.79%
  • 2017
    $2,832 +2.6%
    $202,300 -0.05%
  • 2016
    $2,759 +5.8%
    $202,400
  • 2015
    $2,607
  • 199 Franklin St
    $615K
  • Bank Street
    $425K -10% y/y
  • 02720
    $439K +22% y/y
  • Fall River
    $449K +7% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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