315 Washington St,Fall River, MA 02721
Fall 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!
Details
| MLS # | 73561432 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 35 |
| Listing Provided By | HomeSmart First Class Realty | The Perry Team |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 2,257 |
| Garage | 2 |
| Basement | Y |
| Story(s) | 3 |
| Units | 3 |
| Zoning | B-L |
| Acreage | 0.08 |
Interior
| Rooms Total | 15 |
|---|---|
| Cooling Yes / No | No |
| Cooling | Window Unit(s), None |
| Heating Yes / No | Yes |
| Heating | Baseboard, Natural Gas |
| Interior Features | Laundry Room, Stone/Granite/Solid Counters, Upgraded Cabinets, Upgraded Countertops, Remodeled, Ceiling Fan(s), Pantry, Living Room, Dining Room, Kitchen |
| Appliances | Range, Refrigerator, Range Hood |
| Fireplaces Total | 0 |
| Fireplace Yes / No | No |
| Flooring | Tile, Laminate, Hardwood |
Exterior
| Roof | Shingle |
|---|---|
| Foundation Details | Stone |
| Lot Features | Corner Lot |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Off Street, Paved |
| Open Parking Yes / No | Yes |
Utilities
| Utilities | for Gas Range |
|---|---|
| Sewer | Public Sewer |
| Electric | Common, Individually Metered |
Taxes
| Tax Annual Amount | 4691 |
|---|---|
| Tax Assessed Value | 409700 |
| Tax Year | 2025 |
Location
| Community Features | Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Public School, T-Station |
|---|---|
| Senior Community Yes / No | No |
Area Information
| State | MA |
|---|---|
| County | Bristol |
| City | Fall River |
| Zip Code | 02721 |
| Area | Bristol |
| School District | Durfee High School |
| Elementary School | Doran Elementary School |
| High School | Durfee High School |
| Listing VS Median (in 02721) | |
Price: $689,000 low | high Med: $449,999 sqft: 2,257 low | high Med: 1,980 $ / sqft: $305 low | high Med: $227 On site: 35 low | high Med: 66 | |
Market Activity 02721
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Learn More About This Property
| State | MA |
|---|---|
| County | Bristol |
| City | Fall River |
| Zip Code | 02721 |
| Area | Bristol |
| School District | Durfee High School |
| Elementary School | Doran Elementary School |
| High School | Durfee High School |
| Listing VS Median (in 02721) | |
Price: $689,000 low | high Med: $449,999 sqft: 2,257 low | high Med: 1,980 $ / sqft: $305 low | high Med: $227 On site: 35 low | high Med: 66 | |
