Three-Story Multifamily
32 Slater Street Fall River, MA 02720
New
For Sale
$599,999
MULTI_FAMILY - Fall River, MA
Property Size2,960 SF
Lot Size0.08 Acres
Price / SF$202.70
Days on Market6
Property Features for 32 Slater Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
B
Bedrooms
4
Bathrooms
3
Rooms
Bedroom 4, Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3
Parking
5
Parking features
None
Interior features
Wall (Cermaic), Wall (Dry Wall), Attic, Attic Stairs, Stairs, Insulation (Walls)
Basement
Full, Finished
Appliances
Electric Water Heater, Gas Water Heater, Microwave, Oven/Range, Refrigerator
Standard status
Active
Size
2,960 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4650
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Window Unit(s)
Building Details
Year built
1900
Floors in Building
1
Number of units
3
Flooring type
Hardwood, Tile - Ceramic
Building materials
Ceramic, Dry Wall, Vinyl Siding
Listing Agency:
Exp Realty
(888) 315-3445
Listed By:
Lizbeth Rivera
(508) 472-0238
Added: Jul 23
Changed: Jul 24
Last Checked: Jul 28 at 12:06PM
MLS# 1418784
Copyright © 2026 State Wide MLS of Rhode Island, 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.
Located at 32 Slater Street in Fall River, this three-story triplex-style multifamily property was built in 1900 and contains approximately 1,851 square feet of living area. The layout includes six bedrooms and three full bathrooms, designed to provide distinct living zones across the home.
The property sits on an approximately 0.0812-acre lot and includes a single garage space for parking and/or storage. Zoning is listed as B.
With its multi-level configuration and multiple bedrooms and full baths, the building may fit a variety of residential income or flexible living arrangements. For sale at $599,999, it’s offered with the details above; inquire to schedule a viewing.
The property sits on an approximately 0.0812-acre lot and includes a single garage space for parking and/or storage. Zoning is listed as B.
With its multi-level configuration and multiple bedrooms and full baths, the building may fit a variety of residential income or flexible living arrangements. For sale at $599,999, it’s offered with the details above; inquire to schedule a viewing.
Key Highlights
- Built in 1900 with an 1851 SF interior living area
- Multi‑family layout with six bedrooms and 3 full bathrooms
- Three‑story home offering multiple distinct living zones and added privacy
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.7k | $27.60 |
| − Vacancy | −$6.1k | −$2.07 |
| EGI | $75.6k | $25.53 |
| − OpEx | −$22.7k | −$7.66 |
| NOI | $52.9k | $17.87 |
2,960 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$755.7K
$661.2K – $881.6K
NOI $52,898 @ 7.0% cap · market cap 8.82%
Second Best
Apartment 5plus
$702.3K
$614.5K – $819.3K
NOI $49,160 @ 7.0% cap · market cap 8.19%
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,181 @ 7.0% cap · market cap 21.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Built in 1900 with six bedrooms and three full baths across a three-story layout.
Where is this triplex located?
The property is located at 32 Slater Street Fall River, MA.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: Built in 1900 with an 1851 SF interior living area; Multi‑family layout with six bedrooms and 3 full bathrooms; Three‑story home offering multiple distinct living zones and added privacy
