862 Locust St Fall River, MA 02720
Bank Street NeighborhoodEstimated payment $3,555/month
Highlights
- City View
- Stone Wall
- 3-minute walk to Ruggles Park
- Wood Flooring
About This Home
Welcome to 862 Locust Street, your first potential investment property! This three unit multi-family property includes all two bed one bath units that offer comfortable and functional living space. Situated next to amenities such as parks, schools and highway access to ensure convenience. This home is an ideal opportunity for first-time investors or those seeking to transition from renter to investor, living in one unit while renting out the others. All units have separate utilities. Current rents are below the market. This property has potential for added value and income with some updates. Your future has a successful investor starts here!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,785
Year Built
- Built in 1900
Lot Details
- 4,072 Sq Ft Lot
- Stone Wall
Home Design
- Triplex
- Brick Foundation
Interior Spaces
- Property has 1 Level
- City Views
- Block Basement Construction
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Utilities
- Separate Meters
Community Details
- 3 Units
- Net Operating Income $46,800
Listing and Financial Details
- Assessor Parcel Number 2832361
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $4,785 | $417,900 | $122,800 | $295,100 |
| 2024 | $4,586 | $399,100 | $118,100 | $281,000 |
| 2023 | $4,059 | $330,800 | $101,300 | $229,500 |
| 2022 | $3,595 | $284,900 | $92,000 | $192,900 |
| 2021 | $3,409 | $246,500 | $85,200 | $161,300 |
| 2020 | $3,163 | $218,900 | $81,500 | $137,400 |
| 2019 | $2,731 | $187,300 | $77,600 | $109,700 |
| 2018 | $2,481 | $169,700 | $76,200 | $93,500 |
| 2017 | $2,397 | $171,200 | $77,700 | $93,500 |
| 2016 | $2,347 | $172,200 | $81,000 | $91,200 |
| 2015 | $2,213 | $169,200 | $78,000 | $91,200 |
| 2014 | $2,288 | $181,900 | $82,100 | $99,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/17/2025 10/17/25 | For Sale | $599,999 | +200.0% | $238 / Sq Ft | |
| 12/13/2019 12/13/19 | Sold | $200,000 | +0.1% | $79 / Sq Ft | View Prior Sale |
| 11/15/2019 11/15/19 | Pending | -- | -- | -- | |
| 11/11/2019 11/11/19 | For Sale | $199,900 | -- | $79 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $235,000 | -- | |
| Deed | $122,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $188,000 | Purchase Money Mortgage | |
| Previous Owner | $200,000 | No Value Available | |
| Previous Owner | $157,400 | No Value Available | |
| Previous Owner | $26,600 | No Value Available |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73444932
APN: FALL-000015M-000000-000048
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