Fully occupied 6 family (3 story) property located in the South End of Fall River minutes from the Rhode Island state line. This property offers 2 bedroom units with 6 assigned off street parking spots, and a decent size fenced in yard bringing in appx $86K a year in rents. This building is well maintained and consists of 4968 square feet of living space on a .14 acre lot. Many updates have been completed since 2019 including: remodeled bathrooms, new flooring, appliances and a new heating/cooling split system on unit 3S. Building offers separate electric & gas meters, and lead paint certificates adding to convenience. This property is conveniently located to everyday necessities including easy highway access and a short drive to Fall River Depot Station (MBTA). 229 Tripp Street offers a unique opportunity for a compelling investment portfolio expansion. 1N is on a lease, all remaining units are TAW. Property has a solid rental history and hold excellent cash flow with potential of rent increases. More photos to follow.
Father Kelly, located between South Main Street and the Taunton River waterfront, is a residential and civic Fall River neighborhood with hillside streets and river-view overlooks. The neighborhood’s character concentrates around the South Main Street corridor near Columbia Street, where corner markets, longtime eateries, and bus stops keep the sidewalks active. Triple-deckers and compact single-family homes mix with small brick institutional buildings, giving the blocks a practical, lived-in texture. Battleship Cove and the waterfront paths set a maritime backdrop for walks and weekend wandering. The Fall River Heritage State Park visitor area adds museum energy and seasonal events. Downtown’s cafés and galleries sit just uphill, tying daily errands to culture.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Ceiling fans
Living room
Kitchen
Storm windows
Bathroom with tub
Bathroom with tub & shower
Total of 24 rooms
Bathrooms
6 full bathrooms
Kitchen
Range
Refrigerator
Laundry & utility
Washer hookup
Electric dryer hookup
Flooring
Vinyl flooring
Carpet
Heating & cooling
Natural gas heating
Has heating
Exterior features
Fenced yard
Porch
Corner lot
Paved roads
Public and dead-end road frontage
Publicly maintained road
Home design
5–story multi-family building (5–9 family)
Parking
6 off-street parking spaces
Security
Security system
Construction
Frame construction
Block foundation
Shingle roof
Built (year per public records)
Utilities
Public water
Public sewer
110-volt electric
Gas hookups for range and oven
Washer hookup and electric dryer hookup
HOA & community
Access to public transportation, shopping, parks, medical facility, laundromat, highway access, houses of worship, and public schools
Not a senior community
Financial info
Multi-family investment property (5–9 units) with leased and unleased units
Electricity and solar
View estimated energy costs and solar savings for this home
Great investment property, this six family house has been very well maintained by the same owner for over 34 years. There are coin operated washers and dryers in the basement and off street parking is provided. The 6 hot water tanks are rentals and cost $1,227.00 annually. The roof is only 7 years old and the vinyl siding is 8 years old. Very nice location in the south end of Fall River. OPEN HOUSE on Saturday, October 27th 2018 from 11:30 am to 1:00 pm. No private showings at this time to respect the tenants. House is fully occupied.
Year
Property tax
Land + Additions
Assessment*
2023
$6,617 (+14.3%)
$86,200 + $453,100
$539,300
2022
$5,790 (+9.2%)
$82,100 + $376,700
$458,800
2021
$5,300 (+5.3%)
$78,100 + $305,100
$383,200
2020
$5,034 (+40.0%)
$76,900 + $271,500
$348,400
2019
$3,595 (+2.0%)
$74,100 + $172,500
$246,600
2018
$3,523 (+6.1%)
$80,200 + $160,800
$241,000
2017
$3,322 (+3.5%)
$76,500 + $160,800
$237,300
2016
$3,209 (+4.2%)
$81,400 + $154,000
$235,400
2015
$3,079
$81,400 + $154,000
$235,400
2014
$3,082 (+2.6%)
$79,000 + $166,000
$245,000
2013
$3,003 (+5.6%)
$84,000 + $167,700
$251,700
2012
$2,845 (+7.3%)
$91,400 + $167,700
$259,100
2011
$2,651 (−1.2%)
$91,400 + $167,700
$259,100
2010
$2,682 (+4.5%)
$112,800 + $183,900
$296,700
2009
$2,567
$118,500 + $200,000
$318,500
Public record
Beds
12
Baths
6
Stories
3
Lot width
—
Lot depth
—
Lot size
6,098 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
4,968
Unfinished Sq. Ft.
—
Total Sq. Ft.
4,968
Year built
1900
Style
Multi-Family (5+ Unit)
County
Bristol County
APN
2821398
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 • 02724
Average low and high temperatures (°F)
35
24
37
25
49
35
58
44
67
53
78
63
82
69
79
63
74
60
64
50
54
41
41
29
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
90/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.3 hrs
5.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 229 Tripp St
There isn’t enough information to generate an accurate estimate at this time. Learn More