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Team Reis

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$ 799,900

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Price Dropped by $65K

155 Rodman St Fall River, MA 02721

6 Beds

4.5 Baths

3,115 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 3,115 sqft

Price per Sqft $256

MLS Listing ID 73500571

Bedrooms 6

Full Baths 4

Half Baths 1

Year Built 1880

Annual Tax Amount $3,534

Tax Year 2025

Lot Size 3,920 Sqft

Acres 0.09

Property Sub-Type 5+ Family - 5+ Units Up/Down

Property Description

One of Fall River's iconic buildings! You know it from the 1st picture. Rare mixed-use investment opportunity offering the stability of four residential units complemented by an additional commercial income stream. Gross scheduled income totals approximately $102,000 annually with an estimated cap rate approaching 9% at the current asking price. The property features four residential apartments generating approximately $7,000 per month plus a commercial suite contributing an additional $1,500 monthly. Originally rebuilt in 1991 following a prior fire, recent improvements include a roof replacement in 2021. Additional highlights include three off-street parking spaces, public utilities, replacement windows, and a professionally sound-insulated commercial space suitable for a variety of uses. Ideal for investors seeking diversified cash flow or owner. Please see MLS #: 73500576

Location

State MA

County Bristol

Zoning CBD

Direction Please use GPS to 155-157 Rodman

Interior

Heating Forced Air, Natural Gas, Space Heater

Cooling Window Unit(s)

Flooring Vinyl, Carpet, Hardwood

Exterior

Exterior Feature Decorative Lighting, Fruit Trees

Fence Fenced

Pool Above Ground

Community Features Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, Private School, Public School, T-Station

View Y/N Yes

View City View(s), City

Roof Type Shingle

Total Parking Spaces 3

Garage No

Building

Story 7

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by Beach Homes Realty, LLC

Team Reis

Broker | License ID: 9063229 and 9578866

+1(508) 509-9648

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Team Reis

155 Rodman St Fall River, MA 02721

Key Details

Location

Interior

Exterior

Building

Others

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155 Rodman St