Three-Unit Residential Income
New
For Sale
$649,900
898 Rodman Street, Fall River, MA 02721
MULTI_FAMILY - Fall River, MA
Property Size3,450 SF
Lot Size0.08 Acres
Price / SF$188.38
Days on Market4
Property Features for 898 Rodman Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 6, Bedroom 1, Bedroom 4, Bedroom 7, Bedroom 9, Bathroom 3, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 8, Bathroom 1
Parking
4
Directions
Plymouth Ave to Rodman St.
Standard status
Active
APN
2828735
Size
3,450 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5677
Building Details
Year built
1900
Floors in Building
3
Number of units
3
Listing Agency:
RE/MAX Vantage · RE/MAX International
(774) 992-0297
Listed By:
Eddie Lopez
(508) 999-4424
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 30 at 3:06PM
MLS# 73555493
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 well-maintained three-family property consists of three spacious units, each offering 3 bedrooms and 1 bathroom. The property is fully occupied, supporting immediate rental income.
Located on a corner lot in Fall River, Massachusetts, the building offers convenient access to shopping, restaurants, schools, highways, and public transportation.
With its three separate residential units, this income property is well suited for investors seeking a multi-unit asset with an established occupancy profile.
Located on a corner lot in Fall River, Massachusetts, the building offers convenient access to shopping, restaurants, schools, highways, and public transportation.
With its three separate residential units, this income property is well suited for investors seeking a multi-unit asset with an established occupancy profile.
Key Highlights
- 3‑family property built in 1900 with three 3‑bedroom, 1‑bath units
- All units are fully occupied, providing immediate rental income
- Corner lot multi‑family setup
Financial Insights For Apartment 5plus
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 | $111.8k | $32.40 |
| − Vacancy | −$7.6k | −$2.20 |
| EGI | $104.2k | $30.20 |
| − OpEx | −$46.9k | −$13.59 |
| NOI | $57.3k | $16.61 |
3,450 SF · lease $32.40/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$880.8K
$770.7K – $1.03M
NOI $61,655 @ 7.0% cap · market cap 9.49%
Second Best
Apartment 5plus
$818.5K
$716.2K – $955.0K
NOI $57,298 @ 7.0% cap · market cap 8.82%
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $147,069 @ 7.0% cap · market cap 22.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,289
Businesses Nearby
Explore this area
Business Placement
Demographics for 02721, MA
28,075
Population
12,358
Households
2.3
Avg Household Size
38
Median Age
15%
College-Educated
73%
High-School Grad
4.0 sq mi
ZIP Area
7,019
Density / Sq Mi
$50,666
Median Household Income
$40,315
Median Earnings
$1,010
Median Rent
$362,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained three-family on a corner lot with three 3-bedroom, 1-bath units currently fully occupied.
Where is this triplex located?
The property is located at 898 Rodman 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: 3‑family property built in 1900 with three 3‑bedroom, 1‑bath units; All units are fully occupied, providing immediate rental income; Corner lot multi‑family setup
