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    Multi-Unit Near Bridgewater University Title is generated by Realmo AI

    47 Hale St, Bridgewater, MA 02324

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    Claim this Listing
    For Sale
    $899,000

    MULTI_FAMILY - Bridgewater, MA

    Property size:
    2,812 SF
    Lot size:
    0.24 Acres
    Price / SF:
    $319/SF
    Added:
    Feb 4, 2026
    Days on Market:
    101
    Last Refresh:
    May 16 at 7:06 pm

    Property Features for 47 Hale St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    res
    Bedrooms
    9
    Bathrooms
    3
    Rooms
    Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 7, Bedroom 9, Bedroom 8, Bedroom 6, Bathroom 3, Bedroom 5
    Parking
    12
    Standard status
    Active
    APN
    M:021 L:210,929641
    Size
    2,812 SF
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    7350

    Building Details

    Year built
    1882
    Floors in Building
    3
    Number of units
    3

    We can help!

    Listing Contact
    Al Styles

    Listing agent Al Styles

    Listing office Keller Williams Realty Signature Properties 171 Washington Street, Hanover, MA

    Listing date Feb 4, 2026

    MLS# 73474370 Listing URL

    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.

    HighLights

    • Three‑family multi‑unit property with 9 bedrooms and 3 full baths, offering strong rental flexibility.
    • First‑floor unit fully remodeled in 2021 with 4 bedrooms and a spacious kitchen.
    • Located near Bridgewater State University, commuter routes, downtown shops, and dining.
    • Separate gas and electric meters for each unit.
    • Coin‑operated laundry in the basement for additional income.
    • Ample off‑street parking.

    Overview

    This three-family multi-unit property features a total of 9 bedrooms and 3 full baths distributed across three separate units. The first-floor unit, fully remodeled in 2021, includes 4 bedrooms, a spacious kitchen equipped with white cabinetry and appliances. The second-floor unit offers 4 bedrooms, with kitchen and bath updates completed in 2011. The third-floor unit, also renovated in 2011, features 1 bedroom, an eat-in kitchen, and an oversized living room. The layouts are designed to provide rental flexibility, with each unit having two means of egress. Flooring throughout the property consists of a mix of hardwood, vinyl, and tile. Separate gas and electric meters are installed. A coin-operated laundry in the basement provides an opportunity for additional income. The exterior includes ample off-street parking. The property is located near Bridgewater State University, commuter routes, downtown shops, and dining, offering consistent tenant demand and convenient access to local amenities. The property is located in Bridgewater, Massachusetts, in Plymouth County, and occupies a lot size of 0.2375 acres, with a property size of 2812 square feet.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $528.0K
    NOI $47,524 @ 9.00% cap · cautious / downside scenario
    Moderate
    $678.9K
    NOI $47,524 @ 7.00% cap · market / base-case scenario
    Aggressive
    $950.5K
    NOI $47,524 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $71.7k $25.50
    − Vacancy −$3.8k −$1.36
    EGI $67.9k $24.14
    − OpEx −$20.4k −$7.24
    NOI $47.5k $16.90
    2,812 SF · lease $25.50/SF/yr · vacancy 5.32% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $678.9K
    $594.1K – $792.1K (±1% cap)
    NOI $47,524 @ 7.0% cap · market cap 5.29%
    Second Best
    Apartment 5plus
    $625.7K
    $547.5K – $730.0K (±1% cap)
    NOI $43,800 @ 7.0% cap · market cap 4.87%
    Theoretical Best
    Office A
    $1.66M
    $1.46M – $1.94M (±1% cap)
    NOI $116,529 @ 7.0% cap · market cap 12.96%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bridgewater
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.973206
    Latitude
    41.9915912

    Nearby Similar for Sale

    • $925,000

      Value-Add Triplex Near University

      Three-unit property near Bridgewater State University, ideal for investors.
      47 Hale St, Bridgewater, MA 02324
      View Details
    • $899,000

      Three-Unit Multi-Family Near University

      Multi-unit property near Bridgewater State University with strong rental potential.
      47 Hale St, Bridgewater, MA 02324
      View Details

    FAQs

    What type of property is this?
    Triplex - Three-unit property near university with updated units and strong rental potential.
    Where is this triplex located?
    The property is located at 47 Hale St Bridgewater, MA.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: Three‑family multi‑unit property with 9 bedrooms and 3 full baths, offering strong rental flexibility.; First‑floor unit fully remodeled in 2021 with 4 bedrooms and a spacious kitchen.; Located near Bridgewater State University, commuter routes, downtown shops, and dining.
    (781) 924-5766
    We can help!
    Listing Contact
    Al Styles
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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