Well-Maintained Triplex with Bonus
New
For Sale
$989,000
153 Belmont St, Fall River, MA 02720
MULTI_FAMILY - Fall River, MA
Property Size4,383 SF
Lot Size0.31 Acres
Price / SF$225.64
Days on Market2
Property Features for 153 Belmont St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
S
Bedrooms
8
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 8, Bedroom 6, Bedroom 7, Bedroom 3, Bathroom 3, Bedroom 4, Bathroom 2, Bedroom 5
Parking
4
Fireplace
1
Directions
Turn off president ave
Standard status
Active
APN
M:000M B:0022 L:0006,2832604
Size
4,383 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9573
Building Details
Year built
1888
Floors in Building
3
Number of units
3
Listing Agency:
Keller Williams South Watuppa · Keller Williams Realty
(508) 677-3233
Listed By:
Clifford Ponte · License #9554597
(508) 677-3233
Added: Aug 10
Changed: Aug 11
Last Checked: Aug 11 at 4:06AM
MLS# 73561546
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 4,383-square-foot triplex, built in 1888, combines preserved character with several meaningful updates. The property includes updated kitchens, hardwood flooring, fireplaces, and a separate finished bonus space that adds flexibility and may support future ADU use. The improvements are situated on a 0.3091-acre lot with detailed stonework in the backyard.
Located at 153 Belmont St in Fall River’s Highlands neighborhood, the property is near Charlton Memorial Hospital, the commuter rail, parks, shopping, and other area amenities. Zoning is S, and the layout includes eight bedrooms and three bathrooms.
Located at 153 Belmont St in Fall River’s Highlands neighborhood, the property is near Charlton Memorial Hospital, the commuter rail, parks, shopping, and other area amenities. Zoning is S, and the layout includes eight bedrooms and three bathrooms.
Key Highlights
- Triplex with 4,383 square feet of building area
- 0.3091‑acre lot with stonework in the backyard
- Eight bedrooms and three bathrooms
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
$78,329
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
7.92%
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%
$1,566,580
$1.6M
Cap Rate 7%
$1,118,986
$1.1M
Cap Rate 9%
$870,322
$870.3K
Market Conditions
NOI Build-Up for 4,383 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
$121.0K $27.60/SF
− Vacancy
−$9.1K −$2.07/SF
EGI
$111.9K $25.53/SF
− OpEx
−$33.6K −$7.66/SF
NOI
$78.3K $17.87/SF
Area
Bristol County, MA
Vacancy
7.50%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
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%
$1,566,580
Cap Rate 7%
$1,118,986
Cap Rate 9%
$870,322
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$979.1K – $1.31M
NOI $78,329 @ 7.0% cap · market cap 7.92%
Second Best
Apartment 5plus
$1.04M
$909.9K – $1.21M
NOI $72,794 @ 7.0% cap · market cap 7.36%
Theoretical Best
Office A
$2.67M
$2.34M – $3.11M
NOI $186,842 @ 7.0% cap · market cap 18.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,811
Businesses Nearby
Explore this area
Business Placement
Demographics for 02720, MA
31,209
Population
14,940
Households
2.1
Avg Household Size
41
Median Age
21%
College-Educated
81%
High-School Grad
13.2 sq mi
ZIP Area
2,364
Density / Sq Mi
$62,907
Median Household Income
$45,199
Median Earnings
$1,177
Median Rent
$361,800
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?
Triplex - Updated kitchens, hardwood floors, and a finished supplemental area support multifamily functionality.
Where is this triplex located?
The property is located at 153 Belmont St Fall River, MA.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: Triplex with 4,383 square feet of building area; 0.3091‑acre lot with stonework in the backyard; Eight bedrooms and three bathrooms
