Turnkey Three-Family
For Sale
$475,000
201 Wade St, Fall River, MA 02721
Completely vacant, fully renovated 3-family with off-street parking, a detached garage, and a spacious backyard in Fall River.
Property Size1,584 SF
Price / SF$299.87
Days on Market18
Property Features for 201 Wade St
General Information
Standard status
Active
Size
1,584 SF
Property subtype
3 Family
Additional Details
Highway Access
Yes
Multifamily Units
3
Amenities
detached garage
off-street parking
spacious backyard
Building Details
Year Built
1900
Listing Agency:
Freedom Realty Group LLC
(508) 292-6954
Listed By:
Gary Gagne Jr. · License #9588828
Source:
Paulgrover
Added: Jul 14
Changed: Jul 25
Last Checked: Jul 30 at 10:53AM
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.
Turnkey and completely vacant, this fully renovated three-family residence offers a move-in-ready setup for an investor or owner-occupant. Each of the three units has been updated, and the property is positioned for immediate occupancy without the need for interior work.
The home includes a detached garage, off-street parking, and a spacious backyard. Located in Fall River, it’s described as convenient to shopping, restaurants, schools, public transportation, and major highways.
If you’re looking for a straightforward 3-unit configuration with outdoor space and a detached garage, this property provides an adaptable layout while remaining fully vacant for flexible occupancy and/or leasing plans.
The home includes a detached garage, off-street parking, and a spacious backyard. Located in Fall River, it’s described as convenient to shopping, restaurants, schools, public transportation, and major highways.
If you’re looking for a straightforward 3-unit configuration with outdoor space and a detached garage, this property provides an adaptable layout while remaining fully vacant for flexible occupancy and/or leasing plans.
Key Highlights
- Completely vacant, fully renovated 3‑family in Fall River
- 3 units updated and ready for new occupancy; ability to set market rents
- Detached garage plus off‑street parking
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 5.96%
Second Best
Apartment 5plus
$375.8K
$328.8K – $438.5K
NOI $26,307 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$964.6K
$844.1K – $1.13M
NOI $67,524 @ 7.0% cap · market cap 14.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,828
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
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Frequently Asked Questions
What type of property is this?
Triplex - Completely vacant, fully renovated 3-family with off-street parking, a detached garage, and a spacious backyard in Fall River.
Where is this triplex located?
The property is located at 201 Wade St Fall River, MA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Completely vacant, fully renovated 3‑family in Fall River; 3 units updated and ready for new occupancy; ability to set market rents; Detached garage plus off‑street parking
