Triplex with Three 3-Bedroom
For Sale
$649,900
898 Rodman Street, Fall River, MA 02721
Well-maintained triplex with three occupied 3-bedroom, 1-bath units on a corner lot in Fall River, MA.
Property Size3,450 SF
Price / SF$188.38
Days on Market96
Property Features for 898 Rodman Street
General Information
Standard status
Active
Size
3,450 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,677
Building Details
Building Size
3,450 SF
Year Built
1900
Stories
3
Tenancy
Multi
Listing Agency:
RE/MAX Vantage
(774) 992-0297
Listed By:
Team ROSO · License #TM333617
(508) 951-4104
Source:
Churchillprop
Added: Jul 27
Changed: Oct 25
Last Checked: Oct 28 at 5:48AM
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 RE/MAX Vantage
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Investment Insights
Based on property information with market context.
This well-maintained triplex offers three spacious 3-bedroom, 1-bath units, all fully occupied. The property is situated on a corner lot, supporting strong curb appeal and straightforward residential income potential.
Located at 898 Rodman St in Fall River, MA 02721, the home provides convenient access to shopping, restaurants, schools, highways, and public transportation.
Bike, walk, and transit scores indicate nearby daily-amenity access, with a BikeScore of 54 (Bikeable), a WalkScore of 82 (Very Walkable), and a TransitScore of 40 (Some Transit).
Located at 898 Rodman St in Fall River, MA 02721, the home provides convenient access to shopping, restaurants, schools, highways, and public transportation.
Bike, walk, and transit scores indicate nearby daily-amenity access, with a BikeScore of 54 (Bikeable), a WalkScore of 82 (Very Walkable), and a TransitScore of 40 (Some Transit).
Key Highlights
- Three 3‑bedroom, 1‑bath units, all fully occupied
- Corner lot location with curb appeal
- Triplex built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,298
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,145,960
$1.1M
Cap Rate 7%
$818,543
$818.5K
Cap Rate 9%
$636,644
$636.6K
Market Conditions
NOI Build-Up for 3,450 SF
Gross rent
$111.8K $32.40/SF
− Vacancy
−$7.6K −$2.20/SF
EGI
$104.2K $30.20/SF
− OpEx
−$46.9K −$13.59/SF
NOI
$57.3K $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%
$1,145,960
Cap Rate 7%
$818,543
Cap Rate 9%
$636,644
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.
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Property Analytics
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Open Analytics
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,289
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained triplex with three occupied 3-bedroom, 1-bath units on a corner lot in Fall River, MA.
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: Three 3‑bedroom, 1‑bath units, all fully occupied; Corner lot location with curb appeal; Triplex built in 1900
