Triplex with Three 3-Bedroom
New
For Sale
$649,900
898 Rodman St, Fall River, MA 02721
Well-maintained triplex with three occupied 3-bedroom, 1-bath units on a corner lot in Fall River, MA.
Days on Market3
Property Features for 898 Rodman St
General Information
Standard status
Active
Property subtype
Investment
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Building Size
3,450 SF
Year Built
1900
Tenancy
Multi
Listing Agency:
(508) 837-1609
Listed By:
John Afonso · License #9?5?5?5?1?8?5
(508) 837-1609
Source:
Elliman
Added: Jul 29
Changed: Jul 30
Last Checked: Jul 30 at 3:42AM
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 John Afonso
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 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
Current Use
Lease Details
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
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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 St 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
