Investment Analysis — 1413 Rodman St

Fall River, MA 02721

Based on HUD Small Area Fair Market Rent for Providence-Fall River, RI-MA HUD Metro FMR Area, a 2-unit multi-family in 02721 carries an estimated $2,870/mo in gross rent — about a 4.46% cap rate and $22,286/yr in estimated NOI at the $499,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

2,321

Style

Multi Family

Built

1929

1413 Rodman Street is a 2-unit mixed use property in a fantastic high visibility location. This property has undergone an extensive remodel. First floor contains a well established, fully renovated modern hair salon with half bath in front, as well as an additional office space with half bath and separate entrance in rear - currently being used as storage - open to possibilities. 2nd & 3rd floor is a spacious 3-bedroom townhouse style residential unit. There are two off-street parking spaces, as well as two 2-hour limit on street parking spaces for clients. Roof is approximately 12 years old. Siding, windows, and salon renovation new in 2022. Newer furnaces and hot water tanks. Separate utilities. Centrally located! Just minutes to shopping, highway access, and the new South Coast Commuter Rail. Fall River is booming with economic revitalization city wide.1413 Rodman Street is a great opportunity to invest in a prime location positioned for continued appreciation.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.