Mixed-Use Building with Commercial
155 Rodman St Fall River, MA 02721
155 Rodman St, Fall River, MA, 02721
$799,900
For Sale
$799,900
Mixed-use property with four residential apartments and an insulated commercial suite plus three off-street parking spaces.
Property Size3,728 SF
Price / SF$214.57
Days on Market100
Property Features for 155 Rodman St
General Information
- Standard status
- Active
- Size
- 3,728 SF
Building Details
- Year Built
- 1880
Listing agency
Beach Homes Realty, LLC
(401) 302-4404
Listed by
Gilded Girls Group
Source
Insightrealtygroup
Added: Apr 13 Updated: Jul 21 at 1:27AM Checked: Jul 21 at 3:03AM
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 Beach Homes Realty, LLC
Investment Insights
Based on property information with market context.
This mixed-use building combines four residential apartments with a separate commercial suite. The four apartments generate approximately $7,000 per month, complemented by an additional commercial income stream of approximately $1,500 per month. The commercial space is professionally sound-insulated and described as suitable for a variety of uses.
The property was rebuilt in 1991 following a prior fire and includes recent improvements such as a roof replacement in 2021. Additional features noted include replacement windows, public utilities, and three off-street parking spaces.
In total, gross scheduled income is approximately $102,000 annually, supporting a stable diversified income profile across residential and commercial components.
The property was rebuilt in 1991 following a prior fire and includes recent improvements such as a roof replacement in 2021. Additional features noted include replacement windows, public utilities, and three off-street parking spaces.
In total, gross scheduled income is approximately $102,000 annually, supporting a stable diversified income profile across residential and commercial components.
Key Highlights
- Mixed‑use property with four residential apartments plus a commercial suite for diversified income
- Gross scheduled income totals approximately $102,000 annually, with an estimated cap rate approaching 9% at the current asking price
- Residential rents total approximately $7,000 per month (4 units) and commercial rent is approximately $1,500 per month
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 | $102.9k | $27.60 |
| − Vacancy | −$7.7k | −$2.07 |
| EGI | $95.2k | $25.53 |
| − OpEx | −$28.6k | −$7.66 |
| NOI | $66.6k | $17.87 |
3,728 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.09M
$957.1K – $1.28M
NOI $76,566 @ 7.0% cap · market cap 9.57%
Second Best
Multifamily LT 5
$951.8K
$832.8K – $1.11M
NOI $66,623 @ 7.0% cap · market cap 8.33%
Theoretical Best
Office A
$2.27M
$1.99M – $2.65M
NOI $158,920 @ 7.0% cap · market cap 19.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Pear Tree Studios
Recording Studio
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Mixed-use property with four residential apartments and an insulated commercial suite plus three off-street parking spaces.
Where is this quadplex located?
The property is located at 155 Rodman St Fall River, MA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Mixed‑use property with four residential apartments plus a commercial suite for diversified income; Gross scheduled income totals approximately $102,000 annually, with an estimated cap rate approaching 9% at the current asking price; Residential rents total approximately $7,000 per month (4 units) and commercial rent is approximately $1,500 per month
