Fall River Turnkey 3-Family
51 Summerfield Street Fall River, MA 02720
51 Summerfield Street, Fall River, MA, 02720
$649,900
For Sale
$649,900
Well-maintained 3-family in Fall River's North End.
Property Size2,808 SF
Price / SF$231.45
Days on Market91
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 Agency
Alfonso Realty Co.
(508) 207-0152
Listed by
Henry Alfonso · License #9029045
(508) 207-0152
Source
Compass
Added: Apr 18 Checked: Jul 16 at 1:44 pm
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.
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.
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.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
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.
