Fully Occupied Three-Unit
For Sale
$649,900
898 Rodman Street, Fall River, MA 02721
Residential Income, Fall River, MA
Property Size3,450 SF
Lot Size0.08 Acres
Price / SF$188.38
Days on Market71
Property Features for 898 Rodman Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 8, Bedroom 4, Bedroom 7, Bedroom 6, Bedroom 9, Bathroom 1, Bedroom 2, Bathroom 3
Parking
4
Directions
Plymouth Ave to Rodman St.
Standard status
Active
APN
2828735
Size
3,450 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5677
Building Details
Year built
1900
Floors in Building
3
Number of units
3
Listing Agency:
RE/MAX Vantage · RE/MAX International
(774) 992-0297
Listed By:
Eddie Lopez
(508) 999-4424
Added: Jul 27
Changed: Sep 14
Last Checked: Oct 5 at 3:06PM
MLS# 73555493
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.
Investment Insights
Based on property information with market context.
This triplex contains three residential units, each arranged with three bedrooms and one bathroom. The property provides 3,450 square feet of building area on a 0.0819-acre corner lot and was built in 1900. All three units are occupied, creating an established multifamily configuration for continued residential income use.
Located at 898 Rodman Street in Fall River, the property offers access to shopping, restaurants, schools, highways, and public transportation. Its corner-lot placement provides a distinct physical setting within the surrounding residential area.
Located at 898 Rodman Street in Fall River, the property offers access to shopping, restaurants, schools, highways, and public transportation. Its corner-lot placement provides a distinct physical setting within the surrounding residential area.
Key Highlights
- Three‑unit triplex with three bedrooms and one bathroom per unit
- All three units are fully occupied
- 3,450 square feet of building area
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.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
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
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three-bedroom apartments are fully occupied, with access to shopping, schools, highways, and public transportation.
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‑unit triplex with three bedrooms and one bathroom per unit; All three units are fully occupied; 3,450 square feet of building area
