Welcome to 862 Locust Street, your first potential investment property! This three unit multi-family property includes all two bed one bath units that offer comfortable and functional living space. Situated next to amenities such as parks, schools and highway access to ensure convenience. This home is an ideal opportunity for first-time investors or those seeking to transition from renter to investor, living in one unit while renting out the others. All units have separate utilities. Current rents are below the market. This property has potential for added value and income with some updates. Your future as a successful investor starts here!
For sale
$599,999
862 Locust St, Fall River, MA 02720
6beds
2,519sqft
Est.:
3 Family - 3 Units Up/Down
Built in 1900
-- sqft lot
$598,800 Zestimate®
$238/sqft
$-- HOA
What's special
- 55 days |
- 342 |
- 12 |
Zillow last checked: 8 hours ago
Listing updated: December 02, 2025 at 08:10am
Listed by:
Nicole Rusin 508-717-4093,
Lamacchia Realty, Inc. 508-677-3629
Source: MLS PIN,MLS#: 73444932
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Features
- Flooring: Wood, Tile
- Basement: Concrete
- Has fireplace: No
Interior area
- Total structure area: 2,519
- Total interior livable area: 2,519 sqft
- Finished area above ground: 2,519
- Finished area below ground: 988
Property
Features
- Exterior features: Stone Wall
- Has view: Yes
- View description: City View(s)
Lot
- Size: 4,072 Square Feet
Details
- Parcel number: 2832361
- Zoning: B
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family - 3 Units Up/Down
Materials
- Foundation: Brick/Mortar
Condition
- Year built: 1900
Utilities & green energy
- Electric: Common, Individually Metered
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Fall River
Financial & listing details
- Price per square foot: $238/sqft
- Tax assessed value: $417,900
- Annual tax amount: $4,785
- Date on market: 10/17/2025
- Total actual rent: 3900
Estimated market value
$598,800
$569,000 - $629,000
$2,259/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/17/2025 | Listed for sale | $599,999+200%$238/sqft |
Source: MLS PIN #73444932 Report a problem | ||
| 12/13/2019 | Sold | $200,000+0.1%$79/sqft |
Source: Public Record Report a problem | ||
| 11/15/2019 | Pending sale | $199,900$79/sqft |
Source: RE/MAX Right Choice #72591167 Report a problem | ||
| 11/11/2019 | Listed for sale | $199,900-14.9%$79/sqft |
Source: RE/MAX Right Choice #72591167 Report a problem | ||
| 6/28/2005 | Sold | $235,000+92.6%$93/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,785 +4.3% | $417,900 +4.7% |
| 2024 | $4,586 +13% | $399,100 +20.6% |
| 2023 | $4,059 +12.9% | $330,800 +16.1% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,640/mo
Principal & interest
$2920
Property taxes
$510
Home insurance
$210
Climate risks
Neighborhood: 02720
Nearby schools
GreatSchools rating
- 2/10Mary Fonseca Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 2/10Morton Middle SchoolGrades: 6-8Distance: 0.9 mi
- 2/10B M C Durfee High SchoolGrades: 9-12Distance: 1 mi
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