315 Washington St, Fall River MA 02721

Fall River, MA 02721

$689K

7 BD · 3 BA · 2,257 sf · 0.08 ac · Built 1900

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The residence

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 similar modern kitchen and bathroom updates. The third-floor is a 1 bedroom unit. 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 is worth checking out!

At a glance

Property type: 3 Family
Status: Active
Year built: 1900
Lot size: 0.08 acres
Living area: 2,257 sf
MLS#: c2365476bef4ecfd14f9c158fe74abc9
Beds · Baths: 7 · 3

Location

Fall River, MA.

Fall River, Massachusetts, is a market our advisors follow closely — its streets, housing stock and setting each shape what a residence here is worth and how it lives day to day. We are glad to walk you through the locale in detail, and how this particular address sits within it.

Estimated Monthly Payment+

$3K/mo

Approximate · principal & interest only

Down payment · 25%Interest rate · 6.75%Term · 30 years

Display Currency

$689K

Indicative conversion — settlement always in USD.

Private Showing

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Listing courtesy of HomeSmart First Class Realty · MLSPIN

MLS Property Information Network.The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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 set forth herein.

Listings updated Oct 23, 2026

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