Active
8 Days on market
386-388 Locust St Fall River — Photo 1 of 42

386-388 Locust St Fall River — Photo 1 of 42

$1,100,000

386-388 Locust St, Fall River, MA 02720

Fall River, MA 02720

Beds

13

Baths

6

SqFt

6,345

Style

4 Family - 4 Units Side by Side

Built

1883

RARE OPPORTUNITY for a completely VACANT, almost entirely new construction multifamily in Fall River’s desirable Highlands! Be the first owner of this extensively rebuilt property offering an incredible 13 bedrooms and 6 bathrooms with spacious, thoughtfully designed layouts throughout. Nearly everything is NEW, including framing, electrical, plumbing, roof, windows, vinyl siding, kitchens, bathrooms, HVAC systems and more.Two of the units feature highly desirable townhouse-style layouts, each offering 4 spacious bedrooms and 2 full bathrooms—an extremely rare setup in today’s multifamily market. The brand-new kitchens feature quartz countertops, modern cabinetry and beautiful finishes, complemented by newly designed bathrooms throughout.Each unit is equipped with HVAC, plus the added convenience of electrical panels located within each individual unit. Situated on a corner lot, the property also offers off-street parking and multiple attached storage sheds, providing valuable additional storage for occupants.Enjoy water views overlooking the Taunton River and the iconic Braga Bridge from this prime Highlands location. With 13 bedrooms, 6 bathrooms, extensive new construction, large townhouse-style units, modern systems, parking, storage, water views and the tremendous advantage of being delivered completely vacant, this is a standout opportunity for an owner-occupant or investor. Move in, select your own tenants and establish rents from day one!

Key facts

It was listed on September 26, 2026. The annual property taxes are $2,066 (2026 tax year). It sits on a 0.25-acre (11,064 sq ft) lot.

Open Houses

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$173/sqft
Local Avg (Fall River)$202/sqft
14% BelowMarket Average

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

Property Details

Financials

Original Price$1,100,000
Annual Taxes$2,066

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms33
FireplacesNone
FlooringTile, Vinyl
BasementFull

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationBlock
ZoningA-2

Property & Lot

Acres0.25
SqFt Lot11,064
Lot FeaturesCorner Lot

Neighborhood

Public Transportation • Shopping • Park • Medical Facility • Highway Access • House of Worship

Geography

Questions about this home

When was 386-388 Locust St, Fall River listed?

386-388 Locust St, Fall River was listed on September 26, 2026.

Has the price of 386-388 Locust St, Fall River changed?

The price hasn't changed since it was listed at $1,100,000.

What are the property taxes for 386-388 Locust St, Fall River?

The annual property taxes for 386-388 Locust St, Fall River are $2,066 (2026 tax year).

How big is the lot at 386-388 Locust St, Fall River?

386-388 Locust St, Fall River sits on a 0.25-acre (11,064 sq ft) lot.

What is the status of 386-388 Locust St, Fall River?

386-388 Locust St, Fall River is actively listed for sale.

Population

30,940

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

Median Household Income

$62K

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

Renter-Occupied Homes

62.5%

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

New Construction Permits — Bristol County

1,079 housing units permitted in the last 12 months (+41% vs the prior 12 months) — 501 in 5+ unit buildings

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

Listing Provided By

Listing Agent: Gary Gagne Jr.

Listing Office: Freedom Realty Group LLC

MLS® Number: 73582917