Renovated Multifamily Property in Fall
1153 1157 Slade, Fall River, MA 02721
MULTI_FAMILY - Fall River, MA
Property size:
6,882 SFLot size:
0.17 AcresPrice / SF:
$203/SF- Added:
- Apr 13, 2026
- Days on Market:
- 34
- Last Refresh:
- May 16 at 6:06 pm
Property Features for 1153 1157 Slade
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RES06
- Bedrooms
- 15
- Bathrooms
- 6
- Rooms
- Bedroom 11, Bedroom 5, Bedroom 4, Bedroom 8, Bathroom 3, Bedroom 10, Bedroom 3, Bathroom 2, Bedroom 7, Bathroom 4, Bedroom 1, Bedroom 9, Bedroom 12, Bedroom 15, Bathroom 6, Bathroom 5, Bedroom 14, Bedroom 2, Bathroom 1, Bedroom 13, Bedroom 6
- Parking
- 4
- Standard status
- Active
- Size
- 6,882 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 10083
Building Details
- Year built
- 1900
- Floors in Building
- 5
- Number of units
- 6
Listing agent Clifford Ponte License #9554597 (508) 677-3233
Listing office Keller Williams South Watuppa 275 Martine Street, Unit 109, Fall River, MA (508) 677-3233
Listing date Apr 13, 2026
MLS# 73500544
Listing URL
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.
HighLights
- Completely renovated in 2013, including plumbing, heating, electrical, and roof.
- Six‑family property featuring a mix of 2‑3 bedroom and 1‑2 bedroom units.
- Separate heating systems for each unit, with 3 systems recently updated (5 years old).
- Each unit has separate electrical meters with 100 AMP breakers.
- Equipped with a full sprinkler system, smoke detectors with direct fire department connection, and heat sensors in every unit.
- Separate storage area and laundry hookups for each unit located in the basement.
Overview
This multifamily property in Fall River, MA, features six units. The property was completely renovated in 2013, including plumbing, heating, electrical systems, and the roof. Three of the units have two to three bedrooms, while the remaining three units have one to two bedrooms. Each unit is equipped with a separate heating system; three are five years old, and one is thirteen years old. Each unit's electrical system is separately metered with 100 AMP breakers. The property includes a full sprinkler system with sprinklers in every room, smoke detectors with an alarm panel connected directly to the fire department, and heat sensors in each apartment. Each unit has its own separate storage area in the basement, along with six laundry hookups. There are four off-street parking spots and a small backyard. The property, zoned RES06, is situated on a lot of approximately 0.1702 acres. The building size is 6,882 square feet. All tenants are tenants at will, making this a turnkey investment opportunity.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$1.27M
NOI $114,298 @ 9.00% cap · cautious / downside scenario
Moderate
$1.63M
NOI $114,298 @ 7.00% cap · market / base-case scenario
Aggressive
$2.29M
NOI $114,298 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $223.0k | $32.40 |
| − Vacancy | −$15.2k | −$2.20 |
| EGI | $207.8k | $30.20 |
| − OpEx | −$93.5k | −$13.59 |
| NOI | $114.3k | $16.61 |
6,882 SF · lease $32.40/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$1.63M
$1.43M – $1.90M
NOI $114,298 @ 7.0% cap · market cap 8.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.19M
$3.67M – $4.89M
NOI $293,371 @ 7.0% cap · market cap 20.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Fall River
- County
- Bristol
- State
- Massachusetts
- Longitude
- -71.165934
- Latitude
- 41.683786
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Completely renovated 6-family property, ideal for investors.
Where is this apartment building located?
The property is located at 1153 1157 Slade Fall River, MA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Completely renovated in 2013, including plumbing, heating, electrical, and roof.; Six‑family property featuring a mix of 2‑3 bedroom and 1‑2 bedroom units.; Separate heating systems for each unit, with 3 systems recently updated (5 years old).
