Mixed-Use Residential Income
1413 Rodman St Fall River, MA 02721
1413 Rodman St, Fall River, MA, 02721
$499,900
For Sale
$499,900
MULTI_FAMILY - Fall River, MA
Property Size2,321 SF
Lot Size0.04 Acres
Price / SF$215.38
Days on Market15
Property Features for 1413 Rodman St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- B-L
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 3
- Parking
- 2
- Standard status
- Active
- APN
- M:0F08 B:0000 L:0081,2824309
- Size
- 2,321 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3888
Building Details
- Year built
- 1929
- Floors in Building
- 3
- Number of units
- 2
Listing agency
RE/MAX Vantage
(774) 992-0297
Listed by
Eddie Lopez
(508) 999-4424
Added: Jul 7 Updated: Jul 11 at 6:30AM Checked: Jul 21 at 9:06PM
MLS# 73545401
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.
1413 Rodman Street is a 2-unit mixed-use property featuring a fully renovated modern hair salon on the first floor. The main level also includes an additional office space with a half bath and a separate rear entrance that is currently used as storage. The second and third floors offer a spacious townhouse-style residential unit configured with three bedrooms.
The property includes two off-street parking spaces, along with two 2-hour limit on-street parking spaces for clients. The roof is approximately 12 years old, and the siding, windows, and salon renovation were completed in 2022. There are newer furnaces and hot water tanks, and the units have separate utilities.
Zoned B-L, the building presents an arrangement that supports both commercial and residential use within the same structure.
The property includes two off-street parking spaces, along with two 2-hour limit on-street parking spaces for clients. The roof is approximately 12 years old, and the siding, windows, and salon renovation were completed in 2022. There are newer furnaces and hot water tanks, and the units have separate utilities.
Zoned B-L, the building presents an arrangement that supports both commercial and residential use within the same structure.
Key Highlights
- 2‑unit mixed‑use property with a fully renovated modern hair salon on the first floor
- Salon includes a half bath in front plus an additional office space with half bath and separate rear entrance
- Second and third floors feature a spacious townhouse‑style residential unit with 3 bedrooms and 2 bathrooms
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 | $64.1k | $27.60 |
| − Vacancy | −$4.8k | −$2.07 |
| EGI | $59.3k | $25.53 |
| − OpEx | −$17.8k | −$7.66 |
| NOI | $41.5k | $17.87 |
2,321 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$681.0K
$595.9K – $794.5K
NOI $47,669 @ 7.0% cap · market cap 9.54%
Second Best
Multifamily LT 5
$592.6K
$518.5K – $691.3K
NOI $41,479 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $98,941 @ 7.0% cap · market cap 19.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
A Hair Story Salon
Hair Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit mixed-use building with a renovated hair salon and a townhouse-style residential unit.
Where is this duplex located?
The property is located at 1413 Rodman St Fall River, MA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 2‑unit mixed‑use property with a fully renovated modern hair salon on the first floor; Salon includes a half bath in front plus an additional office space with half bath and separate rear entrance; Second and third floors feature a spacious townhouse‑style residential unit with 3 bedrooms and 2 bathrooms
