Great opportunity to own a two-family property in Fall River’s downtown district. This home is in good condition and currently fully occupied, offering immediate rental income potential. Both units feature hardwood floors and pantry kitchens equipped with stoves and refrigerators. The attic may offer potential for additional bedroom space, subject to all necessary approvals and building requirements. A small yard and off-street parking add to the property’s appeal. A great opportunity for investors looking to add an income-producing property to their portfolio! or an owner occupant buyer
Make a winning offer with the help of a local agent
Around this home
Schools
K - 12
Preschool & daycare
Morton Middle School
Public 6-8 • Assigned • 0.8mi
3/10
B M C Durfee High School
Public 9-12 • Assigned • 1.4mi
2/10
Provided by GreatSchools
About Lower
Highlands
Lower Highlands, located between Highland Avenue and the Quequechan River corridor, is a residential and historic Fall River neighborhood with hillside streetscapes and mill-era city views. The neighborhood’s character concentrates around the Highland Avenue and Pleasant Street area, where corner storefronts, takeout counters, and everyday services set a steady, lived-in rhythm. Triple-deckers and compact single-family homes line walkable blocks, with stone retaining walls and mature trees shaping the slopes. The nearby Quequechan River Rail Trail adds a linear green edge for walking and biking. Battleship Cove and the waterfront museums sit a short drive away, tying the area to Fall River’s maritime identity. Charlton Memorial Hospital anchors the district’s daily flow with a strong civic presence.
Provided by Walk Score and Local Logic
Offer insights
199 Purchase St · $625,000
$634K and above
75% chance or better to win
Why $634K+ is a strong offer
DAYS ON MARKET
24 days
The average home goes pending in 41 days.
SALE-TO-LIST
99.3%
Most homes are selling 1% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Full, unfinished basement
Picture window
Insulated windows
Screens
Pantry
Living room
Dining room
Bathrooms
2 full bathrooms
Kitchen
Range
Refrigerator
ENERGY STAR qualified refrigerator
Flooring
Tile
Laminate
Hardwood
Wood
Varied flooring
Heating & cooling
Central, hot water, and steam heating
Natural gas heating
Individual heating
2 heating units
Exterior features
Fenced
Porch
Rain gutters
Corner lot
Level lot
River view
City views
Home design
Two-family, two-unit up/down
2 stories
Parking
Paved drive
Off-street parking
2 parking spaces
Construction
Frame construction
Stone and granite foundation
Shingle roof
Utilities
Public water
Public sewer
Circuit breakers
Individually metered electricity
Gas range hookup
Electric range hookup
HOA & community
Near public transportation, parks, medical facilities, highway access, a T-station, and sidewalks
Electricity and solar
View estimated energy costs and solar savings for this home
Just 2 minutes from the new train station and completely vacant is your ideal 2-Family located on a corner lot in downtown Fall River! This exceptional building boasts 2 oversized bedrooms in both units, each offering comfortable living spaces with high ceilings, well-maintained kitchens and bathrooms, and ample natural light throughout. With off-street parking for each unit, in-building laundry, hardwood flooring throughout most of the property, and being close to highways, and establishments, this property is both convenient and inviting. This property also offers a partially finished walk-up attic with 2 means of egress for possible expansion. Recent updates include a freshly painted interior and new double hung windows. Whether you're an investor seeking rental income or a family looking for a spacious property with additional income potential, this opportunity is not to be missed!
Public Records
Nov 9, 1987
Sold
$155,000
$56/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$4,268 (+8.5%)
$100,500 + $247,300
$347,800
2022
$3,932 (+11.8%)
$94,800 + $216,800
$311,600
2021
$3,516 (+12.5%)
$90,500 + $163,700
$254,200
2020
$3,124 (+2.0%)
$86,400 + $129,800
$216,200
2019
$3,062 (+4.7%)
$90,300 + $119,700
$210,000
2018
$2,925 (+7.9%)
$91,000 + $109,100
$200,100
2017
$2,710 (+2.7%)
$91,000 + $102,600
$193,600
2016
$2,639 (+4.2%)
$93,800 + $99,800
$193,600
2015
$2,532 (−1.0%)
$93,800 + $99,800
$193,600
2014
$2,558 (+3.0%)
$93,800 + $109,500
$203,300
2013
$2,483 (+5.3%)
$96,700 + $111,400
$208,100
2012
$2,359 (+7.4%)
$97,600 + $117,200
$214,800
2011
$2,197 (−4.0%)
$97,600 + $117,200
$214,800
2010
$2,288 (+5.9%)
$120,400 + $132,700
$253,100
2009
$2,160
$116,000 + $152,000
$268,000
Public record
Beds
4
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
3,485 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
2,772
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,772
Year built
1900
Style
Multi-Family (2-4 Unit)
County
Bristol County
APN
2833313
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 19, 2023.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 96° expected this year, 15 days in 30 years
8/10 Wind Factor
80% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Fall River, MA • 02721
Average low and high temperatures (°F)
35
22
36
22
49
33
58
41
67
51
78
61
82
66
78
60
74
57
62
48
53
38
40
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
80/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.8 hrs
5.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 199 Purchase St
$621,125
$3,875 under list price of $625K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $575K to $705K.