N
Seller's Agent in 2026
Nicole Rusin
Lamacchia Realty, Inc.
(508) 677-3629
2 in this area
14 Total Sales
862 Locust St Fall River, MA 02720
Bank Street Neighborhood
6
Beds
3
Baths
2,519
Sq Ft
4,072
Sq Ft Lot Lot
Highlights
- City View
- Stone Wall
- 3-minute walk to Ruggles Park
- Wood Flooring
About This Home
As of March 2026Welcome 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. This three-family property is currently undergoing a full exterior facelift. The building is being freshly repainted, with all exterior woodwork, soffits, and trim updated. The entire exterior will be completely renewed and finished prior to closing, offering the new owner a beautifully refreshed, move in ready building.
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
- Basement
- 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
- Total Actual Rent $3,900
- Assessor Parcel Number 2832361
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 17, 2025
Closed on
Feb 20, 2026
Sold by
Rusin Nicole
Bought by
Nguyen Danny
Seller's Agent
Nicole Rusin
Lamacchia Realty, Inc.
Buyer's Agent
Laurie Cabral
Keller Williams South Watuppa
List Price
$599,999
Sold Price
$570,000
Premium/Discount to List
-$29,999
-5%
Views
45
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.84%
Original Mortgage
$427,500
Outstanding Balance
$427,079
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$156,487
Purchase Details
Closed on
Jun 28, 2005
Sold by
Plasse Denise
Bought by
Carvalho Lori and Carvalho Louis
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
5.82%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 8, 1989
Sold by
Crespi Joseph
Bought by
Killoran James
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $570,000 | -- | |
| Deed | $235,000 | -- | |
| Deed | $235,000 | -- | |
| Deed | $122,000 | -- | |
| Deed | $122,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $427,500 | Purchase Money Mortgage | |
| Previous Owner | $188,000 | Purchase Money Mortgage | |
| Previous Owner | $200,000 | No Value Available | |
| Previous Owner | $157,400 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/02/2026 03/02/26 | Sold | $570,000 | -5.0% | $226 / Sq Ft | |
| 01/23/2026 01/23/26 | Pending | -- | -- | -- | |
| 12/20/2025 12/20/25 | Price Changed | $599,998 | 0.0% | $238 / Sq Ft | |
| 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 |
Source: MLS Property Information Network (MLS PIN)
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 |
Source: Public Records
Agents Affiliated with this Home
-
Nicole Rusin
-
Laurie Cabral
Buyer's Agent in 2026
Laurie Cabral
Keller Williams South Watuppa
4 in this area
9 Total Sales
-
L
Seller's Agent in 2019
Lori Carvalho
Rosewood Realty
-
Ronald Rusin
Buyer's Agent in 2019
Ronald Rusin
Lamacchia Realty, Inc.
(508) 509-3792
6 in this area
75 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73444932
APN: FALL-000015M-000000-000048
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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