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Active

199 Franklin St, Fall River MA 02720

$639,999

Estimated $1,532/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $213,333

Total Rent: 56400/year

Estimated CAP Rate:

9 Bedrooms

Baths

3115

Total Parking: 7

4,992 (0.11)

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.

This home has been viewed 12 times

Last Checked: June 23rd, 2026 at 7:43pm (Source: MLS PIN #73539673)

Gross Income: $56,400

Gross Expenses: $5,929

Net Income Calc: $50,471

Annual Expenses for 199 Franklin St, Fall River MA 02720

Total Gross Expenses (Calculated)$5,929/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax5929

Annual Income & Unit Breakdown for 199 Franklin St, Fall River MA 02720

Total Gross Income (Calculated)$56,400

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 199 Franklin St, Fall River MA 02720

Listing ID73539673

Property TypeMulti Family / 3 Family

Price639999 ($205.46/SqFt)

Style3 Family

CityFall River

CountyBristol

Neighborhood(s)

Approximate Living Area Total3115

Approximate Lot Size (Acres)0.11

Total Parking7

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningN/A

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 199 Franklin St, Fall River MA 02720

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsBasement Fridge

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 199 Franklin St, Fall River MA 02720

Real Estate Taxes5929

Tax Year2025

Assessed Value$517,800

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 199 Franklin St, Fall River MA 02720

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 199 Franklin St, Fall River MA 02720

Agent

Name: Mission Impossible Team

Office

Name: United Brokers

Phone: 781-629-2258

Team Members

Payment Calculator

, Interest

Property Taxes 494.08

Principal & Interest 3943.47

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

United Brokers

Mission Impossible Team

Agent Phone

Office Phone

(781) 629-2258

Text Agent Call Agent Call Office

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    [unparsed] => 199 Franklin St, Fall River MA 02720
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EXIT

39 More Photos

Active

199 Franklin St, Fall River MA 02720

$639,999

Annual Expenses for 199 Franklin St, Fall River MA 02720

Annual Income & Unit Breakdown for 199 Franklin St, Fall River MA 02720

General Information for 199 Franklin St, Fall River MA 02720

Disclosures for 199 Franklin St, Fall River MA 02720

Financial Information for 199 Franklin St, Fall River MA 02720

Location Information for 199 Franklin St, Fall River MA 02720

Contact Information for 199 Franklin St, Fall River MA 02720

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

United Brokers

Mission Impossible Team