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Active

315 Washington St, Fall River MA 02721

$689,000

Estimated $1,508/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $229,666.67

Total Rent: 14400/year

Estimated CAP Rate:

7 Bedrooms

Baths

2257

Total Parking: 8 (2 Garage)

3,350 (0.08)

Not all 3-families are created equal. If you’ve been searching for a Fall River multifamily where the major updates are already done, this one deserves your attention. The first-floor unit will be delivered vacant, creating an ideal opportunity for an owner-occupant to live comfortably while having rental income from the second and third floors help offset the mortgage. This spacious 3-bedroom apartment features a private entrance, gorgeous hardwood floors, a modern bathroom, and a beautifully updated kitchen with white shaker cabinets, granite countertops, and stainless-steel appliances. The second floor also offers 3 bedrooms, new flooring, and similar modern kitchen and bathroom updates. The third-floor is a 1 bedroom unit. Beyond the cosmetic updates, the big-ticket items have been addressed. The property features three brand new Weil-McLain boilers, updated electrical panels for the first, second, and owner panels, updated exterior meters, replacement windows, a new roof, vinyl siding, and newer water heaters for all 3 floors. Each apartment also has new washer and dryer hookups in the basement, giving every tenant dedicated laundry access. Then there’s the parking...something that can make a multifamily property stand out. The owner's unit includes two off-street parking spaces with direct access to the new deck and front entrance, plus a detached 2-car garage. Add private yard space for entertaining, relaxing, or enjoying the outdoors, and you have features that are hard to replicate. Location adds another layer of appeal. You’ll be just minutes from the Fall River waterfront, Bicentennial Park, Battleship Cove, The Cove Restaurant, the waterfront boardwalk, tennis courts, boat ramp, restaurants, shopping, and transportation, with the new commuter rail connection adding even more convenience for commuters. Whether you're a first-time owner-occupant looking for a multifamily home, an investor adding to your portfolio, or someone looking to house extended family while generating rental income, this property is worth checking out!

This home has been viewed 10 times

Last Checked: October 7th, 2026 at 6:53am (Source: MLS PIN #73561432)

Gross Income: $14,400

Gross Expenses: $4,691

Net Income Calc: $9,709

Water Views

Annual Expenses for 315 Washington St, Fall River MA 02721

Total Gross Expenses (Calculated)$4,691/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax4691

Annual Income & Unit Breakdown for 315 Washington St, Fall River MA 02721

Total Gross Income (Calculated)$14,400

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

Lease

Bedrooms1

Bathrooms1 Full

Floor3

Levels in Unit1

Rent IncludesHeat

General Information for 315 Washington St, Fall River MA 02721

Listing ID73561432

Property TypeMulti Family / 3 Family

Price689000 ($305.27/SqFt)

Style3 Family

CityFall River

CountyBristol

MLS AreaGlobe Village

Neighborhood(s)

Approximate Living Area Total2257

Approximate Lot Size (Acres)0.08

Total Parking8 (2 Garage)

Garage Parking2

Year Built1900

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningB-L

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 315 Washington St, Fall River MA 02721

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsHandmade Pantry Cabinet In Kitchen. Washer And Dryer Negotiable.

Financial Data SourceEstimated

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 315 Washington St, Fall River MA 02721

Real Estate Taxes4691

Tax Year2025

Assessed Value$409,700

Financial Data SourceEstimated

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 315 Washington St, Fall River MA 02721

Elementary SchoolDoran Elementary School

High SchoolDurfee High School

Neighborhood(s)

MLS AreaGlobe Village

Area AmenitiesWalk/jog Trails

Contact Information for 315 Washington St, Fall River MA 02721

Agent

Name: The Perry Team

Office

Name: HomeSmart First Class Realty

Phone: 508-297-7270

Team Members

Name: Christopher Perry

Payment Calculator

, Interest

Property Taxes 390.92

Principal & Interest 4245.4

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

HomeSmart First Class Realty

The Perry Team

Agent Phone

Office Phone

(508) 297-7270

Text Agent Call Agent Call Office

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    [unparsed] => 315 Washington St, Fall River MA 02721
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EXIT

33 More Photos

Active

315 Washington St, Fall River MA 02721

$689,000

Annual Expenses for 315 Washington St, Fall River MA 02721

Annual Income & Unit Breakdown for 315 Washington St, Fall River MA 02721

General Information for 315 Washington St, Fall River MA 02721

Disclosures for 315 Washington St, Fall River MA 02721

Financial Information for 315 Washington St, Fall River MA 02721

Location Information for 315 Washington St, Fall River MA 02721

Contact Information for 315 Washington St, Fall River MA 02721

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

HomeSmart First Class Realty

The Perry Team