6-Unit Mixed-Use
For Sale
$845,000
263-265 Rodman St, Fall River, MA 02721
Combines commercial storefronts and residential apartments with separate gas and electric metering.
Property Size5,496 SF
Price / SF$204.70
Days on Market48
Property Features for 263-265 Rodman St
General Information
Standard status
Active
Size
5,496 SF
Property subtype
Investment
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$8,712
Amenities
coin operated laundry
Building Details
Building Size
5,496 SF
Year Built
1900
Buildings
1
Stories
5
Units
6
Tenancy
Multi
Listing Agency:
SC & CO. LLC
Listed By:
Marc Saint Clair · License #9511178
(781) 510-3264
Source:
Elliman
Added: Sep 15
Changed: Oct 26
Last Checked: Oct 30 at 4:41PM
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 SC & CO. LLC
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Investment Insights
Based on property information with market context.
This mixed-use property contains six units within approximately 4,128 square feet, including two commercial storefronts and four residential apartments. The building has separately metered gas and electric service, along with an onsite coin-operated laundry area. Major building systems include a roof replaced in 2014 and new heating and hot water systems installed for all units in 2018.
Located at 263-265 Rodman St in Fall River, the property is near public transportation, shopping, neighborhood amenities, and major commuter connections. I-195 and Route 24 provide regional roadway access, while walkScore is 75, bikeScore is 64, and transitScore is 42.
Located at 263-265 Rodman St in Fall River, the property is near public transportation, shopping, neighborhood amenities, and major commuter connections. I-195 and Route 24 provide regional roadway access, while walkScore is 75, bikeScore is 64, and transitScore is 42.
Key Highlights
- Six‑unit composition with 2 commercial storefronts and 4 residential units
- Approximately 4,128 sq. ft. of mixed‑use space
- Roof replacement completed in 2014
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,559
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,371,180
$1.4M
Cap Rate 7%
$979,414
$979.4K
Cap Rate 9%
$761,767
$761.8K
Market Conditions
NOI Build-Up for 4,128 SF
Gross rent
$133.7K $32.40/SF
− Vacancy
−$9.1K −$2.20/SF
EGI
$124.7K $30.20/SF
− OpEx
−$56.1K −$13.59/SF
NOI
$68.6K $16.61/SF
Area
Bristol County, MA
Vacancy
6.80%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,371,180
Cap Rate 7%
$979,414
Cap Rate 9%
$761,767
Alternative Uses
Best Use
Retail
$1.21M
$1.06M – $1.41M
NOI $84,781 @ 7.0% cap · market cap 10.03%
Second Best
Apartment 5plus
$979.4K
$857.0K – $1.14M
NOI $68,559 @ 7.0% cap · market cap 8.11%
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M
NOI $175,972 @ 7.0% cap · market cap 20.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,828
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Combines commercial storefronts and residential apartments with separate gas and electric metering.
Where is this mixed-use property located?
The property is located at 263-265 Rodman St Fall River, MA.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: Six‑unit composition with 2 commercial storefronts and 4 residential units; Approximately 4,128 sq. ft. of mixed‑use space; Roof replacement completed in 2014
