Renovated 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 Market177
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
Bathroom 4, Bathroom 2, Bedroom 13, Bathroom 1, Bedroom 7, Bedroom 6, Bedroom 14, Bathroom 6, Bedroom 15, Bedroom 5, Bedroom 3, Bedroom 9, Bedroom 10, Bathroom 3, Bedroom 11, Bedroom 4, Bedroom 12, Bedroom 2, Bathroom 5, Bedroom 1, Bedroom 8
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
separate storage area in the basement
laundry hookups
smoke detectors
heat sensors
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) 675-0995
Added: Apr 13
Changed: Sep 14
Last Checked: Oct 6 at 6:06AM
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.
Investment Insights
Based on property information with market context.
This 6-unit apartment building contains 6,882 square feet on a 0.1702-acre parcel and was built in 1900. The property underwent renovation in 2013, including plumbing, heating, electrical systems, and the roof. Three apartments offer 2 to 3 bedrooms, while the other three have 1 to 2 bedrooms. Each residence has its own heating system and electrical meter with a 100 AMP breaker. Tenants are at will.
Building systems include a full sprinkler installation with coverage in every room, smoke detectors connected to an alarm panel that rings directly to the fire department, and heat sensors in each apartment. Basement amenities include separate storage for every unit and 6 laundry hookups. The property also provides 4 off-street parking spaces and a backyard. Zoning is RES06.
Building systems include a full sprinkler installation with coverage in every room, smoke detectors connected to an alarm panel that rings directly to the fire department, and heat sensors in each apartment. Basement amenities include separate storage for every unit and 6 laundry hookups. The property also provides 4 off-street parking spaces and a backyard. Zoning is RES06.
Key Highlights
- 6‑unit apartment building with 6,882 square feet
- Renovated in 2013, including plumbing, heating, electrical systems, and roof
- Three units with 2 to 3 bedrooms; three units with 1 to 2 bedrooms
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.
Property Analytics
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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
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with separately metered apartments, individual heating, basement storage, laundry hookups, and off-street parking.
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: 6‑unit apartment building with 6,882 square feet; Renovated in 2013, including plumbing, heating, electrical systems, and roof; Three units with 2 to 3 bedrooms; three units with 1 to 2 bedrooms
