Fall River Turnkey 3-Family
For Sale
$649,900
51 Summerfield St, Fall River, MA 02720
Well-maintained 3-family in Fall River's North End.
Property Size2,808 SF
Price / SF$231.45
Days on Market161
Property Features for 51 Summerfield St
General Information
Standard status
Active
Size
2,808 SF
Property subtype
Multi-Family
Zoning
G
Net Operating Income
$34,800
Taxes and HOA fees
Annual Taxes
$5,312
Building Details
Building Size
2,808 SF
Year Built
1900
Stories
3
Listing Agency:
Alfonso Realty Co.
Listed By:
Henry Alfonso · License #9029045
(508) 207-0152
Source:
Churchillprop
Added: May 25
Changed: Oct 31
Last Checked: Oct 30 at 12:19PM
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.
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Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,182
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,003,640
$1.0M
Cap Rate 7%
$716,886
$716.9K
Cap Rate 9%
$557,578
$557.6K
Market Conditions
NOI Build-Up for 2,808 SF
Gross rent
$77.5K $27.60/SF
− Vacancy
−$5.8K −$2.07/SF
EGI
$71.7K $25.53/SF
− OpEx
−$21.5K −$7.66/SF
NOI
$50.2K $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%
$1,003,640
Cap Rate 7%
$716,886
Cap Rate 9%
$557,578
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 authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,740
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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 St 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.
