Renovated Six-Unit Apartment
For Sale
$1,300,000
1153 1157 Slade, Fall River, MA 02721
MULTI_FAMILY - Fall River, MA
Property Size6,882 SF
Lot Size0.17 Acres
Price / SF$188.90
Days on Market130
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 5, Bathroom 6, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 7, Bedroom 15, Bedroom 11, Bedroom 6, Bathroom 5, Bedroom 14, Bedroom 13, Bathroom 3, Bedroom 9, Bedroom 12, Bathroom 4, Bedroom 8, Bedroom 2, Bathroom 1, Bedroom 10, Bedroom 1
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
smoke detectors
heat sensors
basement storage
laundry hookups
backyard
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) 677-3233
Added: Apr 13
Changed: Aug 3
Last Checked: Aug 20 at 12:06PM
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.
Investment Insights
Based on property information with market context.
Renovated six-unit apartment building on Slade Street featuring separate heating systems and separately metered electrical service for each unit. The property includes a full sprinkler system with sprinklers in every room, smoke detectors with an alarm panel that rings to the fire department, and heat sensors in every apartment. Each unit also has its own separate storage area in the basement and access to six laundry hookups.
The building was renovated in 2013, including plumbing, heating, electrical, and the roof. Unit bedroom configurations include 2–3 bedrooms in three of the units and 1–2 bedrooms in the remaining three units. Four off-street parking spots and a small backyard support everyday tenant needs.
The apartments are described as tenants at will. All units have separate heating systems, including three heating systems that are about five years old and one that is about 13 years old.
The building was renovated in 2013, including plumbing, heating, electrical, and the roof. Unit bedroom configurations include 2–3 bedrooms in three of the units and 1–2 bedrooms in the remaining three units. Four off-street parking spots and a small backyard support everyday tenant needs.
The apartments are described as tenants at will. All units have separate heating systems, including three heating systems that are about five years old and one that is about 13 years old.
Key Highlights
- Renovated in 2013, including plumbing, heating, electrical, and roof
- Six‑unit apartment building with 1–2 or 2–3 bedrooms across the units
- Separate heating systems in every apartment
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$114,298
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated six-unit building with separate heating and electrical metering for each apartment, plus off-street parking and laundry hookups.
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: Renovated in 2013, including plumbing, heating, electrical, and roof; Six‑unit apartment building with 1–2 or 2–3 bedrooms across the units; Separate heating systems in every apartment
