Fall River Turnkey 3-Family
51 Summerfield Street, Fall River, MA 02720
Well-maintained 3-family in Fall River's North End.
Type:Multi-family / 3 Family
Property size:
2,808 SFPrice / SF:
$231/SF- Added:
- May 24, 2026
- Days on Market:
- 10
- Last Refresh:
- May 27 at 8:27 am
Property Features for 51 Summerfield Street
General Information
- Standard status
- Active
- Size
- 2,808 SF
- Property subtype
- Multi-family / 3 Family
Building Details
- Year Built
- 1900
Listing agent Henry Alfonso License #9029045 (508) 207-0152
Listing office Alfonso Realty Co. (508) 207-0152
Listing date May 24, 2026
Source Compass
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 Alfonso Realty Co.
HighLights
- Turnkey 3‑family home offering immediate rental income.
- Located in the desirable North End of Fall River.
- Each apartment features 2 bedrooms, a modern kitchen with appliances, and an updated bathroom.
- All units are equipped with central heating.
- Ideal for investors or owner‑occupants seeking a reliable income‑producing asset.
- Close to shopping, schools, and major routes.
Overview
Located in the North End of Fall River, this well-maintained 3-family home presents an income opportunity. The property contains three apartments. Each apartment includes 2 bedrooms, a modern kitchen with appliances, an updated bathroom, and a large living room. Central heating is installed in all units. The property is suitable for investors or owner-occupants seeking an income-producing asset. The building size is 2,808 square feet.
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 | $77.5k | $27.60 |
| − Vacancy | −$5.8k | −$2.07 |
| EGI | $71.7k | $25.53 |
| − OpEx | −$21.5k | −$7.66 |
| NOI | $50.2k | $17.87 |
2,808 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$716.9K
$627.3K – $836.4K
NOI $50,182 @ 7.0% cap · market cap 7.72%
Second Best
Apartment 5plus
$666.2K
$583.0K – $777.3K
NOI $46,636 @ 7.0% cap · market cap 7.18%
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,702 @ 7.0% cap · market cap 18.42%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Fall River
- County
- Bristol
- State
- Massachusetts
- Longitude
- -71.1433504
- Latitude
- 41.7088426
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Well-maintained 3-family in Fall River's North End.
Where is this triplex located?
The property is located at 51 Summerfield Street Fall River, MA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Turnkey 3‑family home offering immediate rental income.; Located in the desirable North End of Fall River.; Each apartment features 2 bedrooms, a modern kitchen with appliances, and an updated bathroom.
