6-Unit Apartment
For Sale
$1,300,000
1153 1157 Slade, Fall River, MA 02721
Residential Income, Fall River, MA
Property Size6,882 SF
Lot Size0.17 Acres
Price / SF$188.90
Days on Market187
Property Features for 1153 1157 Slade
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RES06
Bedrooms
15
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 13, Bathroom 6, Bedroom 5, Bathroom 1, Bedroom 2, Bedroom 9, Bedroom 7, Bedroom 6, Bathroom 2, Bedroom 10, Bathroom 4, Bedroom 8, Bedroom 12, Bathroom 3, Bedroom 3, Bedroom 14, Bedroom 4, Bedroom 15, Bedroom 11, Bedroom 1, Bathroom 5
Parking
4
Directions
Plymouth Ave to Dwelly to Slade
Standard status
Active
Size
6,882 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
10083
Amenities
backyard
storage area
laundry hookups
smoke detectors
heat sensors
Building Details
Year built
1900
Floors in Building
5
Number of units
6
Listing Agency:
Keller Williams South Watuppa · Keller Williams Realty
(508) 677-3233
Listed By:
Clifford Ponte · License #9554597
(508) 675-0995
Added: Apr 13
Changed: Oct 15
Last Checked: Oct 16 at 4:06AM
MLS# 73500544
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.
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Investment Insights
Based on property information with market context.
This 6-unit apartment property contains 6,882 square feet on a 0.1702-acre lot. Three apartments have 2–3 bedrooms each, while the other three have 1–2 bedrooms. Each unit has separate heating and electrical systems, with 100 AMP breakers and individual basement storage. The building was renovated in 2013, including plumbing, heating, electrical systems, and the roof.
Building systems include sprinklers in every room, smoke detectors connected to an alarm panel that rings directly to the fire department, and heat sensors in each apartment. Six laundry hookups are located in the basement, and the property has four off-street parking spaces and a backyard. Zoning is RES06. All tenants are tenants at will.
Building systems include sprinklers in every room, smoke detectors connected to an alarm panel that rings directly to the fire department, and heat sensors in each apartment. Six laundry hookups are located in the basement, and the property has four off-street parking spaces and a backyard. Zoning is RES06. All tenants are tenants at will.
Key Highlights
- Six apartments with 2–3 bedrooms in three units and 1–2 bedrooms in the other three
- 6,882 square feet on a 0.1702‑acre lot
- Renovated in 2013, including plumbing, heating, electrical systems, and roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,298
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,285,960
$2.3M
Cap Rate 7%
$1,632,829
$1.6M
Cap Rate 9%
$1,269,978
$1.3M
Market Conditions
NOI Build-Up for 6,882 SF
Gross rent
$223.0K $32.40/SF
− Vacancy
−$15.2K −$2.20/SF
EGI
$207.8K $30.20/SF
− OpEx
−$93.5K −$13.59/SF
NOI
$114.3K $16.61/SF
Area
Bristol County, MA
Vacancy
6.80%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,285,960
Cap Rate 7%
$1,632,829
Cap Rate 9%
$1,269,978
Alternative Uses
Best Use
Apartment 5plus
$1.63M
$1.43M – $1.90M
NOI $114,298 @ 7.0% cap · market cap 8.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.19M
$3.67M – $4.89M
NOI $293,371 @ 7.0% cap · market cap 22.57%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
6
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
920
Businesses Nearby
Explore this area
Business Placement
Demographics for 02721, MA
28,075
Population
12,358
Households
2.3
Avg Household Size
38
Median Age
15%
College-Educated
73%
High-School Grad
4.0 sq mi
ZIP Area
7,019
Density / Sq Mi
$50,666
Median Household Income
$40,315
Median Earnings
$1,010
Median Rent
$362,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The property combines varied bedroom layouts with separate heating and electrical service for every apartment.
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 $1,300,000.
What are key features of this property?
This property features: Six apartments with 2–3 bedrooms in three units and 1–2 bedrooms in the other three; 6,882 square feet on a 0.1702‑acre lot; Renovated in 2013, including plumbing, heating, electrical systems, and roof
