Renovated Three-Unit Residential
201 Wade Street Fall River, MA 02721
201 Wade Street, Fall River, MA, 02721
$499,999
For Sale
$499,999
Completely vacant, fully renovated three-unit property with detached garage, off-street parking, and a spacious backyard.
Property Size1,584 SF
Price / SF$315.66
Days on Market9
Property Features for 201 Wade Street
General Information
- Standard status
- Active
- Size
- 1,584 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Freedom Realty Group LLC
Listed by
Gary Gagne Jr.
(617) 262-6200
Source
Cabotandcompany
Added: Jul 13 Updated: Jul 21 at 5:22PM Checked: Jul 21 at 5:22PM
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 Freedom Realty Group LLC
Investment Insights
Based on property information with market context.
This turnkey, fully renovated three-unit residential income property is completely vacant and ready for immediate occupancy planning. The three units have been updated throughout, offering a move-in-ready setup for either an owner-occupant or an investor. The layout includes a detached garage, off-street parking, and a spacious backyard that can serve as private outdoor space for tenants.
Conveniently located near shopping, restaurants, schools, public transportation, and major highways, the property is positioned for everyday accessibility. With all units vacant, the new owner has the opportunity to establish rental terms from day one.
If you do not need the garage for personal use, it may be rented to generate additional income. Low-maintenance updates throughout are intended to provide comfort and reduce near-term concerns for the next ownership cycle.
Conveniently located near shopping, restaurants, schools, public transportation, and major highways, the property is positioned for everyday accessibility. With all units vacant, the new owner has the opportunity to establish rental terms from day one.
If you do not need the garage for personal use, it may be rented to generate additional income. Low-maintenance updates throughout are intended to provide comfort and reduce near-term concerns for the next ownership cycle.
Key Highlights
- Completely vacant, fully renovated 3‑family property for immediate occupancy or rental‑ready use
- Year built: 1900
- Detached garage plus off‑street parking
Local Financial Insights For Multifamily LT 5
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 | $43.7k | $27.60 |
| − Vacancy | −$3.3k | −$2.07 |
| EGI | $40.4k | $25.53 |
| − OpEx | −$12.1k | −$7.66 |
| NOI | $28.3k | $17.87 |
1,584 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$404.4K
$353.9K – $471.8K
NOI $28,308 @ 7.0% cap · market cap 5.66%
Second Best
Apartment 5plus
$375.8K
$328.8K – $438.5K
NOI $26,307 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$964.6K
$844.1K – $1.13M
NOI $67,524 @ 7.0% cap · market cap 13.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
LL Records.ink
Music Venue
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FAQs
What type of property is this?
Triplex - Completely vacant, fully renovated three-unit property with detached garage, off-street parking, and a spacious backyard.
Where is this triplex located?
The property is located at 201 Wade Street Fall River, MA.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Completely vacant, fully renovated 3‑family property for immediate occupancy or rental‑ready use; Year built: 1900; Detached garage plus off‑street parking
