Three-Story
For Sale
$599,999
32 Slater Street, Fall River, MA 02720
Residential Income, Fall River, MA
Property Size2,960 SF
Lot Size0.08 Acres
Price / SF$202.70
Days on Market100
Property Features for 32 Slater Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
B
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 3, Bedroom 5, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 2, Basement
Parking
5
Parking features
None
Interior features
Wall (Cermaic), Wall (Dry Wall), Attic, Attic Stairs, Stairs, Insulation (Walls)
Basement
Full, Finished
Appliances
Microwave, Oven, Range, Refrigerator, Electric Water Heater, Gas Water Heater
Standard status
Active
Size
2,960 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4650
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Window Unit(s)
Building Details
Year built
1900
Floors in Building
1
Number of units
3
Flooring type
Tile - Ceramic, Hardwood
Building materials
Ceramic, Dry Wall, Vinyl Siding
Buildings
1
Listing Agency:
Exp Realty
(888) 315-3445
Listed By:
Lizbeth Rivera
(508) 472-0238
Added: Jul 23
Changed: Oct 28
Last Checked: Oct 30 at 12:06AM
MLS# 1418784
Copyright © 2026 State Wide MLS of Rhode Island, 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 three-story triplex at 32 Slater Street contains six bedrooms and three full bathrooms. The 1900-built property sits on a 0.0812-acre lot and has ceramic tile and hardwood flooring, with forced-air natural gas heat and window-unit cooling. Appliances include a microwave, oven, range, and refrigerator.
The property is in Fall River, Massachusetts, and is zoned B. Public sewer serves the site.
The property is in Fall River, Massachusetts, and is zoned B. Public sewer serves the site.
Key Highlights
- Triplex with six bedrooms and three full bathrooms
- Three‑story layout; built in 1900
- 0.0812‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,898
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,057,960
$1.1M
Cap Rate 7%
$755,686
$755.7K
Cap Rate 9%
$587,756
$587.8K
Market Conditions
NOI Build-Up for 2,960 SF
Gross rent
$81.7K $27.60/SF
− Vacancy
−$6.1K −$2.07/SF
EGI
$75.6K $25.53/SF
− OpEx
−$22.7K −$7.66/SF
NOI
$52.9K $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%
$1,057,960
Cap Rate 7%
$755,686
Cap Rate 9%
$587,756
Alternative Uses
Best Use
Multifamily LT 5
$755.7K
$661.2K – $881.6K
NOI $52,898 @ 7.0% cap · market cap 8.82%
Second Best
Apartment 5plus
$702.3K
$614.5K – $819.3K
NOI $49,160 @ 7.0% cap · market cap 8.19%
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,181 @ 7.0% cap · market cap 21.03%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,104
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 - Six bedrooms and three full bathrooms are arranged across a three-level residence.
Where is this triplex located?
The property is located at 32 Slater Street Fall River, MA.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: Triplex with six bedrooms and three full bathrooms; Three‑story layout; built in 1900; 0.0812‑acre lot
