Active
25 Days on market
229 Tripp Street Fall River — Photo 1 of 11

229 Tripp Street Fall River — Photo 1 of 11

$975,000

229 Tripp Street, Fall River, MA 02724

Fall River, MA 02724

Beds

12

Baths

6

SqFt

4,968

Style

5-9 Family

Built

1900

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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$196/sqft
Local Avg (Fall River)$199/sqft
2% BelowMarket Average

* Analysis is based on 21 actively listed and recently sold comparable properties strictly within Fall River, MA.

Property Details

Financials

Original Price$975,000
Annual Taxes$9,354

Parking

Garage0
Off-Street6

Interior Specifications

Total Rooms24
FireplacesNone
FlooringVinyl, Carpet
BasementFull

Climate & Utilities

HeatingNatural Gas
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBlock
ZoningIND

Property & Lot

Acres0.14
SqFt Lot5,985
Lot FeaturesCorner Lot

Amenities & Appliances

Range • Refrigerator

Neighborhood

Public Transportation • Shopping • Park • Medical Facility • Laundromat • Highway Access

Geography

Population

18,505

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$56K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

66.6%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Bristol County

1,041 housing units permitted in the last 12 months (+36% vs the prior 12 months) — 481 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Mario Pereira

Listing Office: eXp Realty LLC

MLS® Number: 73565049

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