199 Franklin St Fall River, MA 02720
Bank Street NeighborhoodEstimated payment $3,971/month
Highlights
- Property is near public transit
- Wood Flooring
- Shops
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,929
Year Built
- Built in 1900
Home Design
- Frame Construction
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 3,115 Sq Ft Home
- Property has 1 Level
- Wood Flooring
- Unfinished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 9 Bedrooms
- 3 Full Bathrooms
Parking
- 7 Car Parking Spaces
- Driveway
- Paved Parking
- 7 Open Parking Spaces
- Off-Street Parking
Additional Features
- 4,992 Sq Ft Lot
- Property is near public transit
Community Details
- 3 Units
- Shops
- Net Operating Income $56,400
Listing and Financial Details
- Assessor Parcel Number M:0N04 B:0000 L:0007,2833138
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,929 | $517,800 | $125,100 | $392,700 |
| 2024 | $5,670 | $493,500 | $120,300 | $373,200 |
| 2023 | $5,026 | $409,600 | $103,200 | $306,400 |
| 2022 | $4,421 | $350,300 | $93,800 | $256,500 |
| 2021 | $4,156 | $300,500 | $86,800 | $213,700 |
| 2020 | $3,714 | $257,000 | $83,000 | $174,000 |
| 2019 | $3,158 | $216,600 | $79,100 | $137,500 |
| 2018 | $2,934 | $200,700 | $77,600 | $123,100 |
| 2017 | $2,832 | $202,300 | $79,200 | $123,100 |
| 2016 | $2,759 | $202,400 | $82,500 | $119,900 |
| 2015 | $2,607 | $199,300 | $79,400 | $119,900 |
| 2014 | $2,708 | $215,300 | $83,600 | $131,700 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/22/2026 06/22/26 | For Sale | $639,999 | +58.8% | $205 / Sq Ft | |
| 09/10/2021 09/10/21 | Sold | $403,000 | +0.8% | $129 / Sq Ft | View Prior Sale |
| 08/02/2021 08/02/21 | Pending | -- | -- | -- | |
| 07/04/2021 07/04/21 | For Sale | $399,900 | 0.0% | $128 / Sq Ft | |
| 06/26/2021 06/26/21 | Pending | -- | -- | -- | |
| 06/16/2021 06/16/21 | For Sale | $399,900 | -- | $128 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $403,000 | None Available | |
| Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $302,250 | Purchase Money Mortgage | |
| Previous Owner | $5,000 | No Value Available | |
| Previous Owner | $35,000 | No Value Available | |
| Previous Owner | $236,000 | Purchase Money Mortgage |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73539673
APN: FALL-000004N-000000-000007
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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