Triplex with Off-Street
For Sale
$899,000
Pending
47 Hale St, Bridgewater, MA 02324
MULTI_FAMILY - Bridgewater, MA
Property Size2,812 SF
Lot Size0.24 Acres
Days on Market197
Property Features for 47 Hale St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
res
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 9, Bathroom 2, Bedroom 8, Bedroom 1, Bathroom 1, Bedroom 5, Bedroom 4, Bedroom 2, Bedroom 7, Bathroom 3, Bedroom 6
Parking
12
Directions
Use GPS
Standard status
Pending
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
Amenities
coin-operated laundry
off-street parking
Building Details
Year built
1882
Floors in Building
3
Number of units
3
Listing Agency:
Keller Williams Realty Signature Properties
(781) 924-5766
Listed By:
Al Styles
(781) 924-5766
Added: Feb 4
Changed: Aug 6
Last Checked: Aug 20 at 11:06AM
MLS# 73474370
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.
Investment Insights
Based on property information with market context.
This three-unit triplex offers 9 bedrooms and 3 full baths across three separate residences. The first-floor unit was fully remodeled in 2021 and includes 4 bedrooms, a spacious kitchen with white cabinetry, appliances, and a full bath. The second-floor unit features 4 bedrooms with kitchen and bath updates completed in 2011. The third-floor unit was renovated in 2011 and offers 1 bedroom, an eat-in kitchen, and an oversized living room. Flooring includes a mix of hardwood, vinyl, and tile. Each unit has two means of egress, supporting flexible day-to-day safety and access. Separate gas and electric meters serve the units, and the basement includes coin-operated laundry.
Set on a 0.2375-acre lot, the property was built in 1882 and includes ample off-street parking. The home is near Bridgewater State University, commuter routes, and downtown shops and dining.
Overall, the configuration is designed to support rental flexibility across the three units, with updates staged across multiple floors and shared building systems managed with separate utilities.
Set on a 0.2375-acre lot, the property was built in 1882 and includes ample off-street parking. The home is near Bridgewater State University, commuter routes, and downtown shops and dining.
Overall, the configuration is designed to support rental flexibility across the three units, with updates staged across multiple floors and shared building systems managed with separate utilities.
Key Highlights
- Three units with 9 bedrooms and 3 full baths
- First‑floor unit fully remodeled in 2021
- Kitchen and bath updates in 2011 for the second- and third‑floor units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$47,524
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$950,480
$950.5K
Cap Rate 7%
$678,914
$678.9K
Cap Rate 9%
$528,044
$528.0K
Market Conditions
NOI Build-Up for 2,812 SF
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.
Gross rent
$71.7K $25.50/SF
− Vacancy
−$3.8K −$1.36/SF
EGI
$67.9K $24.14/SF
− OpEx
−$20.4K −$7.24/SF
NOI
$47.5K $16.90/SF
Area
Plymouth County, MA
Vacancy
5.32%
Lease Rate
$25.50 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$950,480
Cap Rate 7%
$678,914
Cap Rate 9%
$528,044
Alternative Uses
Best Use
Multifamily LT 5
$678.9K
$594.1K – $792.1K
NOI $47,524 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$625.7K
$547.5K – $730.0K
NOI $43,800 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$1.66M
$1.46M – $1.94M
NOI $116,529 @ 7.0% cap · market cap 12.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
592
Businesses Nearby
Explore this area
Business Placement
Demographics for 02324, MA
25,676
Population
9,770
Households
2.6
Avg Household Size
42
Median Age
40%
College-Educated
94%
High-School Grad
27.0 sq mi
ZIP Area
951
Density / Sq Mi
$112,445
Median Household Income
$57,560
Median Earnings
$1,975
Median Rent
$500,600
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 - Three-unit triplex with off-street parking, separate gas and electric meters, and a fully remodeled first-floor unit from 2021.
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 units with 9 bedrooms and 3 full baths; First‑floor unit fully remodeled in 2021; Kitchen and bath updates in 2011 for the second- and third‑floor units
