Mixed-Use Property with Hair
1413 Rodman St, Fall River, MA 02721
New
MULTI_FAMILY - Fall River, MA
Property size:
2,321 SFLot size:
0.04 AcresPrice / SF:
$215/SF- Added:
- Jul 7, 2026
- Days on Market:
- 1
- Last Refresh:
- Jul 7 at 3:06 pm
Property Features for 1413 Rodman St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- B-L
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, 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 agent Eddie Lopez (508) 999-4424
Listing office RE/MAX Vantage 77 State Road, Boston, MA (774) 992-0297
Listing date Jul 7, 2026
MLS# 73545401
Listing URL
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.
HighLights
- 2‑unit mixed‑use property built in 1929 with separate commercial and residential spaces
- First floor: fully renovated modern hair salon with half bath, plus additional office space with half bath and separate rear entrance
- Second & third floors: spacious townhouse‑style residential unit with 3 bedrooms and 2 bathrooms
- Roof is approximately 12 years old; siding, windows, and salon renovation completed in 2022
- Newer furnaces and hot water tanks, with separate utilities
- Two off‑street parking spaces plus two 2‑hour limit on‑street parking spaces for clients
Overview
1413 Rodman Street is a two-unit mixed-use property that has undergone an extensive remodel. The first floor features a fully renovated modern hair salon with a half bath at the front, along with an additional office space with a half bath and a separate rear entrance that is currently being used as storage. The second and third floors are built out as a spacious townhouse-style residential unit with three bedrooms.
The property is described as having high visibility and being centrally located in Fall River. Access is supported by two off-street parking spaces, as well as two 2-hour limit on-street parking spaces intended for clients. The building has a roof approximately 12 years old, and recent capital updates include new siding, windows, and salon renovation completed in 2022. Additional improvements include newer furnaces and hot water tanks, with separate utilities.
For buyers seeking a mixed-use configuration, this layout provides direct retail/office frontage on the first floor paired with a self-contained residential unit above. With zoning identified as B-L and separate utilities already in place, the property offers a practical setup for occupants or operators looking to combine income-generating space with residential living under one roof.
The property is described as having high visibility and being centrally located in Fall River. Access is supported by two off-street parking spaces, as well as two 2-hour limit on-street parking spaces intended for clients. The building has a roof approximately 12 years old, and recent capital updates include new siding, windows, and salon renovation completed in 2022. Additional improvements include newer furnaces and hot water tanks, with separate utilities.
For buyers seeking a mixed-use configuration, this layout provides direct retail/office frontage on the first floor paired with a self-contained residential unit above. With zoning identified as B-L and separate utilities already in place, the property offers a practical setup for occupants or operators looking to combine income-generating space with residential living under one roof.
Local 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 | $75.2k | $32.40 |
| − Vacancy | −$5.1k | −$2.20 |
| EGI | $70.1k | $30.20 |
| − OpEx | −$31.5k | −$13.59 |
| NOI | $38.5k | $16.61 |
2,321 SF · lease $32.40/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$550.7K
$481.9K – $642.5K
NOI $38,548 @ 7.0% cap · market cap 7.71%
Second Best
Mixed Use
$391.7K
$342.7K – $457.0K
NOI $27,417 @ 7.0% cap · market cap 5.48%
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 Profile
Location Intelligence
Current Use by Public Records
A Hair Story Salon
Hair Salon
Location Insight
- Map
- Local Demand
- City
- Fall River
- County
- Bristol
- State
- Massachusetts
- Longitude
- -71.149998
- Latitude
- 41.683251
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Two-unit mixed-use building with a renovated first-floor salon and separate townhouse-style residence above, plus off-street parking.
Where is this mixed-use property 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 built in 1929 with separate commercial and residential spaces; First floor: fully renovated modern hair salon with half bath, plus additional office space with half bath and separate rear entrance; Second & third floors: spacious townhouse‑style residential unit with 3 bedrooms and 2 bathrooms
