The Russell Falls are situated on the eastern boundary of Mount Field National Park, 100 metres (330 ft) downstream of the Horseshoe Falls, approximately 70 kilometres (43 mi) northwest of Hobart via the Brooker and Lyell highways.

Accessible by a paved walking track, the falls are a popular tourist attraction.

The waterfall descends over horizontal marine Permian siltstone benches, while the vertical faces of the falls are composed of resistant sandstone layers.

[5] The Falls Reserve was established in 1885 and in 1899 the Russell Falls were selected as one of eight images to be used on a set of pictorial postage stamps, aimed at promoting the then colony's growing tourist industry.

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