Three-Family Property with
929 Rodman St, Fall River, MA 02721
For Sale
New
$499,900
Three separate units offer a total of seven bedrooms, with off-street parking and a detached garage.
Property Size2,408 SF
Price / SF$199.96
Days on Market2
Property Features for 929 Rodman St
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Redlon Realty LLC
Listed By:
Adam Walorz · License MA #9570473
(508) 807-8012
Source:
Elliman
Added: Nov 12
Last Checked: Nov 12 at 2:25PM
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 Redlon Realty LLC
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Investment Insights
Based on property information with market context.
This three-family property contains seven bedrooms across its units, arranged in a 2-bedroom, 3-bedroom, and 2-bedroom mix. The building measures nearly 2,500 square feet and has vinyl siding. Each unit includes an applianced kitchen, and the units are described as being in good condition. A detached one-car garage has stairs leading to an upper level, and off-street parking is available.
Built in 1900, the property is located at 929 Rodman St in Fall River. Highway access to Routes 24 and 495 is a short drive away, with shopping, dining, and parks also nearby. The property has a walk score of 82, a bike score of 59, and a transit score of 32.
Built in 1900, the property is located at 929 Rodman St in Fall River. Highway access to Routes 24 and 495 is a short drive away, with shopping, dining, and parks also nearby. The property has a walk score of 82, a bike score of 59, and a transit score of 32.
Key Highlights
- Seven bedrooms across three units: 2, 3, and 2
- Nearly 2,500 SF in a vinyl‑sided building
- Detached one‑car garage with stairs to an upper level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,678
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$893,560
$893.6K
Cap Rate 7%
$638,257
$638.3K
Cap Rate 9%
$496,422
$496.4K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$69.0K $27.60/SF
− Vacancy
−$5.2K −$2.07/SF
EGI
$63.8K $25.53/SF
− OpEx
−$19.1K −$7.66/SF
NOI
$44.7K $17.87/SF
Area
Bristol County, MA
Vacancy
7.50%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$893,560
Cap Rate 7%
$638,257
Cap Rate 9%
$496,422
Alternative Uses
Best Use
Multifamily LT 5
$638.3K
$558.5K – $744.6K
NOI $44,678 @ 7.0% cap · market cap 8.94%
Second Best
Apartment 5plus
$593.2K
$519.0K – $692.0K
NOI $41,521 @ 7.0% cap · market cap 8.31%
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M
NOI $106,572 @ 7.0% cap · market cap 21.32%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,438
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
$362,800
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Fall River, MA
Properties on Market for Triplexes in Fall River
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate units offer a total of seven bedrooms, with off-street parking and a detached garage.
Where is this triplex located?
The property is located at 929 Rodman St Fall River, MA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Seven bedrooms across three units: 2, 3, and 2; Nearly 2,500 SF in a vinyl‑sided building; Detached one‑car garage with stairs to an upper level
