315 Washington St, Fall River, MA 02721
Local realty services provided by:ERA Millennium Real Estate
Listed by: the perry team
Office: homesmart first class realty
MLS#:73561432
Source:MLSPIN
Price summary
- Price:$689,000
- Price per sq. ft.:$305.27
About this home
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 modern kitchen and bathroom updates. The third-floor 1-bedroom unit has an excellent long-term tenant, providing immediate rental income from day one. 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 offers a compelling combination of updated living spaces, strong owner-occupant potential, parking, garage space, and location. When you're comparing 3-families in Fall River, look beyond the bedroom count. This is the one where the major work has already been done!...
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Home facts
- Year built:1900
- Listing ID #:73561432
- Updated:September 27, 2026 at 10:50 AM
Rooms and interior
- Bedrooms:7
- Total bathrooms:3
- Full bathrooms:3
- Rooms Total:15
- Flooring:Hardwood, Laminate, Tile
- Dining Description:Dining Room
- Kitchen Description:Kitchen, Range, Range Hood, Refrigerator
- Basement Description:Concrete, Dirt Floor, Full, Walk-Out Access
- Living area:2,257 sq. ft.
Heating and cooling
- Cooling:Window Unit(s)
- Heating:Baseboard, Natural Gas
Structure and exterior
- Roof:Shingle
- Year built:1900
- Building area:2,257 sq. ft.
- Lot area:0.08 Acres
- Lot Features:Corner Lot
- Exterior Features:Deck
- Foundation Description:Stone
Schools
- High school:Durfee High School
- Elementary school:Doran Elementary School
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$689,000
- Price per sq. ft.:$305.27
- Tax amount:$4,691 (2025)
Features and amenities
- Appliances:Range, Range Hood, Refrigerator
- Amenities:Ceiling Fan(s)
Parking
- Total parking spaces:6
- Parking description:Off Street, Paved
- Garage:Yes
- Garage spaces:2
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