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    Renovated Multifamily Property For Sale Title is generated by Realmo AI

    1153 1157 Slade, Fall River, MA 02721

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    For Sale
    $1,400,000

    Six-unit multifamily property, fully renovated in 2013, ideal for investors.

    Type:5-9 Family
    Property size:
    6,882 SF
    Price / SF:
    $203/SF
    Added:
    Apr 13, 2026
    Days on Market:
    74
    Last Refresh:
    Apr 20 at 6:27 pm

    Property Features for 1153 1157 Slade

    General Information

    Standard status
    Active
    Size
    6,882 SF
    Property subtype
    5-9 Family

    Building Details

    Year Built
    1900

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    Contact an agent
    Cindy Ferry

    Listing office Keller Williams South Watuppa

    Listing date Apr 13, 2026

    Source Lockandkeyre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams South Watuppa

    HighLights

    • Fully renovated in 2013, including plumbing, heating, electrical, and roof.
    • Six units with a mix of 2‑3 bedroom and 1‑2 bedroom configurations.
    • Separate heating systems for each unit.
    • Separately metered electrical with 100 AMP breakers in each unit.
    • Full sprinkler system and direct fire department alarm.
    • Separate storage area and laundry hookups for each unit in the basement.

    Overview

    This six-family property, totaling 6882 square feet, was completely renovated in 2013, including plumbing, heating, electrical, and roof. Three of the units feature two to three bedrooms, while the remaining three units have one to two bedrooms. All units have separate heating systems, with three systems being five years old and one being thirteen years old. Each unit's electrical system is separately metered with 100 AMP breakers. The property is equipped with a full sprinkler system, featuring 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. This property is suitable for investors and is move-in ready. All tenants are tenants at will.

    Local Financial Insights For Apartment 5plus

    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 $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 Uses

    Best Use
    Apartment 5plus
    $1.63M
    $1.43M – $1.90M (±1% cap)
    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 (±1% cap)
    NOI $293,371 @ 7.0% cap · market cap 20.96%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fall River
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.1659473
    Latitude
    41.683795

    FAQs

    What type of property is this?
    Apartment building - Six-unit multifamily property, fully renovated in 2013, 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: Fully renovated in 2013, including plumbing, heating, electrical, and roof.; Six units with a mix of 2‑3 bedroom and 1‑2 bedroom configurations.; Separate heating systems for each unit.
    More about this property
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