Updated Triplex with Finished Bonus
For Sale
$899,900
153 Belmont St, Fall River, MA 02720
Residential Income, Fall River, MA
Property Size4,383 SF
Lot Size0.31 Acres
Price / SF$205.32
Days on Market83
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 4, Bathroom 2, Bedroom 1, Bedroom 8, Bedroom 2, Bedroom 7, Bedroom 5, Bathroom 3, Bathroom 1, Bedroom 3, Bedroom 6
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
Listed By:
Clifford Ponte · License #9554597
(508) 677-3233
Added: Aug 10
Changed: Oct 27
Last Checked: Oct 31 at 7:06PM
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.
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Investment Insights
Based on property information with market context.
This 4,383-square-foot triplex, built in 1888, includes eight bedrooms and three bathrooms. Interior improvements include updated kitchens and hardwood flooring, while a fireplace adds an additional original feature. A separate finished bonus area expands the usable space within the property. The residence sits on a 0.3091-acre lot with a backyard featuring substantial stonework and a private outdoor setting.
The property is located at 153 Belmont St in Fall River’s Highlands neighborhood, near Charlton Memorial Hospital, commuter rail service, parks, shopping, and other area amenities. Zoning is S, providing an additional detail for evaluating the property’s current configuration and future plans.
The property is located at 153 Belmont St in Fall River’s Highlands neighborhood, near Charlton Memorial Hospital, commuter rail service, parks, shopping, and other area amenities. Zoning is S, providing an additional detail for evaluating the property’s current configuration and future plans.
Key Highlights
- 4,383‑square‑foot triplex on a 0.3091‑acre lot
- Eight bedrooms and three bathrooms
- Updated kitchens and hardwood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,329
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
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
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 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 8.70%
Second Best
Apartment 5plus
$1.04M
$909.9K – $1.21M
NOI $72,794 @ 7.0% cap · market cap 8.09%
Theoretical Best
Office A
$2.67M
$2.34M – $3.11M
NOI $186,842 @ 7.0% cap · market cap 20.76%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,811
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained multifamily property with refreshed kitchens, hardwood floors, and a stone-finished backyard.
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 $899,900.
What are key features of this property?
This property features: 4,383‑square‑foot triplex on a 0.3091‑acre lot; Eight bedrooms and three bathrooms; Updated kitchens and hardwood flooring
