Multi-Unit Near Bridgewater
47 Hale St Bridgewater, MA 02324
47 Hale St, Bridgewater, MA, 02324
$899,000
Pending
For Sale
$899,000
Pending
MULTI_FAMILY - Bridgewater, MA
Property Size2,812 SF
Lot Size0.24 Acres
Days on Market163
Property Features for 47 Hale St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- res
- Bedrooms
- 9
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bedroom 9, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 6, Bathroom 3, Bedroom 5, Bedroom 4, Bathroom 2, Bedroom 7, Bedroom 8
- Parking
- 12
- Standard status
- Pending
- APN
- M:021 L:210,929641
- Size
- 2,812 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7350
Building Details
- Year built
- 1882
- Floors in Building
- 3
- Number of units
- 3
Listing Agency
Keller Williams Realty Signature Properties
(781) 924-5766
171 Washington Street, Hanover, MA
Listed by
Al Styles
(781) 924-5766
Added: Feb 4 Checked: Jul 17 at 12:06 pm
MLS# 73474370
Listing URL
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Investment Insights
Based on property information with market context.
This three-family multi-unit property features a total of 9 bedrooms and 3 full baths distributed across three separate units. The first-floor unit, fully remodeled in 2021, includes 4 bedrooms, a spacious kitchen equipped with white cabinetry and appliances. The second-floor unit offers 4 bedrooms, with kitchen and bath updates completed in 2011. The third-floor unit, also renovated in 2011, features 1 bedroom, an eat-in kitchen, and an oversized living room. The layouts are designed to provide rental flexibility, with each unit having two means of egress. Flooring throughout the property consists of a mix of hardwood, vinyl, and tile. Separate gas and electric meters are installed. A coin-operated laundry in the basement provides an opportunity for additional income. The exterior includes ample off-street parking. The property is located near Bridgewater State University, commuter routes, downtown shops, and dining, offering consistent tenant demand and convenient access to local amenities. The property is located in Bridgewater, Massachusetts, in Plymouth County, and occupies a lot size of 0.2375 acres, with a property size of 2812 square feet.
Key Highlights
- Three‑family multi‑unit with 9 bedrooms and 3 full baths across three units
- First‑floor unit fully remodeled in 2021 with 4 bedrooms, spacious kitchen, and a full bath
- Second‑floor unit has 4 bedrooms with kitchen and bath updates completed in 2011
Local 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 | $71.7k | $25.50 |
| − Vacancy | −$3.8k | −$1.36 |
| EGI | $67.9k | $24.14 |
| − OpEx | −$20.4k | −$7.24 |
| NOI | $47.5k | $16.90 |
2,812 SF · lease $25.50/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$678.9K
$594.1K – $792.1K
NOI $47,524 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$625.7K
$547.5K – $730.0K
NOI $43,800 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$1.66M
$1.46M – $1.94M
NOI $116,529 @ 7.0% cap · market cap 12.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit property near university with updated units and strong rental potential.
Where is this triplex located?
The property is located at 47 Hale St Bridgewater, MA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Three‑family multi‑unit with 9 bedrooms and 3 full baths across three units; First‑floor unit fully remodeled in 2021 with 4 bedrooms, spacious kitchen, and a full bath; Second‑floor unit has 4 bedrooms with kitchen and bath updates completed in 2011
