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Three-Family Residential Property
New
For Sale
$550,000

692 Penn St, Fall River, MA 02724

Residential Income, Fall River, MA

Property Size4,358 SF
Lot Size0.12 Acres
Price / SF$126.20
Days on Market2
Rey
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Property Features for 692 Penn St

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R-4
Bedrooms 8
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 3, Bathroom 1, Bedroom 6, Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 7, Bedroom 8, Bathroom 2, Bathroom 3, Bedroom 5
Parking 3
Directions Follow GPS
Standard status Active
APN M:000B B:0009 L:0011,2821037
Size 4,358 SF
Lot size 0.12 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 6001

Amenities

off-street parking
fenced in backyard
basement storage

Building Details

Year built 1900
Floors in Building 3
Number of units 3
Listing Agency: Keller Williams South Watuppa · Keller Williams Realty
Listed By: Clifford Ponte · License #9554597
Added: Oct 14 Last Checked: Oct 15 at 3:06PM
MLS# 73590780

Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This three-family residential property contains 4,358 square feet and is configured with eight bedrooms and three bathrooms. Built in 1900, the building sits on a 0.1205-acre lot and is zoned R-4. The property is scheduled to transfer vacant, allowing a new owner to determine the next occupancy plan.

On-site features include off-street parking, a fenced backyard, and basement storage. The property is in Fall River, near the Tiverton line, with shopping, dining, schools, public transportation, and major commuter routes cited in the surrounding area.

Key Highlights

  • Three‑family building with 8 bedrooms and 3 bathrooms
  • 4,358 square feet on a 0.1205‑acre lot
  • R‑4 zoning

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Cafe & Coffee Shop Gym & Fitness Center Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

543
Businesses Nearby

Demographics for 02724, MA

18,050
Population
8,808
Households
2
Avg Household Size
38
Median Age
15%
College-Educated
76%
High-School Grad
1.8 sq mi
ZIP Area
10,028
Density / Sq Mi
$49,809
Median Household Income
$42,334
Median Earnings
$1,105
Median Rent
$368,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Three separate units provide eight bedrooms and three bathrooms, with delivery planned in vacant condition.
Where is this triplex located?
The property is located at 692 Penn St Fall River, MA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Three‑family building with 8 bedrooms and 3 bathrooms; 4,358 square feet on a 0.1205‑acre lot; R‑4 zoning
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