315 Washington StFall River, MA 02721

Description

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!

Property Information

Property type

Residential Income

Sub-type

Triplex

Year built

1900

Stories

3

Living area

2,257 Sq Ft

Lot size

0.08 acres

Garage spaces

2

Parking spaces

6

Zoning

B-L

Days on market

53

MLS^® Listing#

73561432

Property Features

Interior

Ceiling Fan(s) · Pantry

Appliances

Range · Refrigerator · Range Hood

Cooling

None · Window Unit(s) · Ceiling Fan(s)

Heating

Natural Gas · Baseboard · Zoned

Flooring

Tile · Laminate · Hardwood

Basement

Full · Walk-Out Access · Dirt Floor · Concrete

Parking

Off Street · Paved

Patio

Deck

Lot features

Corner Lot

Foundation

Stone

Roof

Shingle

Community

Tennis Court(s) · Park

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Doran Elementary School

High

Durfee High School

Financial Details

Annual taxes

$4,691Tax year 2025

Assessed value

$409,700

Parcel number

M:0I07 B:0000 L:0026,2827866

Directions

Milliken Blvd to Washington St or Rodman St to Washington St