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$689,000

Est. payment - /mo

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7 Beds

3 Baths

2,257 SqFt

New

315 Washington St Fall River, MA 02721

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Karina Demurchyan

mybostonrealtorkarina@gmail.com +1(617) 549-5503

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 3 Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,257 sqft

Price per Sqft $305

MLS Listing ID 73561432

Bedrooms 7

Full Baths 3

Year Built 1900

Annual Tax Amount $4,691

Tax Year 2025

Lot Size 3,484 Sqft

Acres 0.08

Property Sub-Type 3 Family

Property 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—and you can move into a beautiful first-floor unit while collecting rental income from the other two—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 second- and third-floor water heaters. 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!

Location

State MA

County Bristol

Zoning B-L

Direction Milliken Blvd to Washington St or Rodman St to Washington St

Rooms

Basement Full, Walk-Out Access, Dirt Floor, Concrete

Interior

Interior Features Stone/Granite/Solid Counters, Upgraded Cabinets, Upgraded Countertops, Remodeled, Ceiling Fan(s), Pantry, Living Room, Dining Room, Kitchen

Heating Baseboard, Natural Gas

Cooling Window Unit(s), None

Flooring Tile, Laminate, Hardwood

Appliance Range, Refrigerator, Range Hood

Exterior

Garage Spaces 2.0

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

Utilities Available for Gas Range

Roof Type Shingle

Total Parking Spaces 8

Garage Yes

Building

Lot Description Corner Lot

Story 3

Foundation Stone

Sewer Public Sewer

Water Public

Schools

Elementary Schools Doran Elementary School

High Schools Durfee High School

Others

Senior Community false

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Listed by HomeSmart First Class Realty

Nearby Locations

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Karina Demurchyan

Broker Associate | License ID: 9555596

+1(617) 549-5503