$899,000

Estimated payment $5,325/month

Total Views 54,759
10 Beds
5.5 Baths
776 Sq Ft
$1,159 Price per Sq Ft

About This Home

This prime 5-unit mixed-use building in downtown New Bedford presents a great investment opportunity, offering both immediate cash flow and long-term potential. The property includes four residential units — two three-bedroom apartments and two two-bedroom apartments — some of which have been fully renovated to feature spacious, airy living areas that attract quality tenants and enhance rental value. The fifth unit is a well-established restaurant and bar, serving as a neighborhood staple for over 20 years. The current owner plans to remain with a new long-term lease, ensuring a stable income stream. With a mix of updated residential units and a commercial anchor, this property offers a secure, low-maintenance asset in a high-demand area near local amenities and public transportation. Ideal for both experienced investors and newcomers looking for a reliable, income-generating investment.

Listing Agent

Fred Grizotte

Paiva Real Estate Services, LLC Listed on: 08/18/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,420

Year Built

  • Built in 1884

Lot Details

  • 4,530 Sq Ft Lot

Interior Spaces

  • 776 Sq Ft Home
  • Property has 1 Level
  • Granite Flooring
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 10 Bedrooms

Community Details

  • 5 Units
  • Net Operating Income $102,000

Listing and Financial Details

  • Assessor Parcel Number M:0024 L:0325,2886161

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,420

Year Built

Built in 1884

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1884
  • Levels: 3
  • Year Built Details: Actual
  • APOD AVAILABLE: No
  • Special Features: None
  • Stories: 3

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 10
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bathrooms: 6
  • Total Bathrooms: 5.5
  • Basement: Full
  • Above Grade Finished Sq Ft: 776
  • Living Area: 776
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN1801
  • LIST PRICE PER Sq Ft: 1158.51
  • PRICE PER Sq Ft: 1158.51

Exterior Features

  • Foundation Details: Granite
  • Home Warranty YN: No
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0024 L:0325,2886161
  • Zoning: MUB
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Sq Ft: 4530
  • Lot Size Units: Acres
  • PAGE: 107

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 6419.55
  • Tax Book Number: 11078

Multi Family

  • Gross Income: 102000
  • Net Operating Income: 102000
  • Number Of Units Total: 5
  • Total Actual Rent: 8500
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 2
  • FLRS 2: 3

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2025 08/18/25 For Sale $899,000 -- $1,159 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

About the Listing Agent

Fred Grizotte

Paiva Real Estate Services, LLC

(508) 216-8534

Section Image

Fred's Other Listings

  • 206 Durfee St Unit 4B, Fall River, MA 02720

    $419,000

    • 3 Beds
    • 2.5 Baths
    • 2,100 Sq Ft
    • 206 Durfee St
    • Unit 4B
    • Fall River, MA

    Welcome to Giovanni Estates offering a total of 8 new Construction townhomes located in the Fall River arts overlay district close by to downtown, highway access, and just over 1 mile from the SouthCoast MBTA commuter rail. Each unit offers 3 floors of a spacious modern design with just over 2,100 sq ft of living space, 3 beds, 2.5 baths, central heating/AC, all cabinetry with quartz countertops,

    Fred Grizotte Paiva Real Estate Services, LLC

    Section Image
  • 206 Durfee St Unit 4A, Fall River, MA 02720

    $419,000 New Construction

    • 3 Beds
    • 2.5 Baths
    • 2,100 Sq Ft
    • 206 Durfee St
    • Unit 4A
    • Fall River, MA

    Welcome to Giovanni Estates offering a total of 8 new Construction townhomes located in the Fall River arts overlay district close by to downtown, highway access, and just over 1 mile from the SouthCoast MBTA commuter rail. Each unit offers 3 floors of a spacious modern design with just over 2,100 sq ft of living space, 3 beds, 2.5 baths, central heating/AC, all cabinetry with quartz countertops,

    Fred Grizotte Paiva Real Estate Services, LLC

    Section Image
  • 85 Hunter St, Fall River, MA 02721

    $399,900

    • 3 Beds
    • 2.5 Baths
    • 1,760 Sq Ft
    • 85 Hunter St
    • Fall River, MA

    Brand New Construction Townhome in the Heart of Fall River. Experience modern living in this beautifully crafted three-level townhome, ideally located just over 2 miles from the MBTA Fall River Station. The first floor offers a private bedroom, full bathroom, cozy living area, and a utility room—perfect for guests or multi-generational living. On the second floor, enjoy an open-concept layout

    Fred Grizotte Paiva Real Estate Services, LLC

    Section Image
  • 83 Hunter St, Fall River, MA 02721

    $399,900 Pending

    • 3 Beds
    • 2.5 Baths
    • 1,760 Sq Ft
    • 83 Hunter St
    • Fall River, MA

    Brand New Construction Townhome in the Heart of Fall River. Experience modern living in this beautifully crafted three-level townhome, ideally located just over 2 miles from the MBTA Fall River Station. The first floor offers a private bedroom, full bathroom, cozy living area, and a utility room—perfect for guests or multi-generational living. On the second floor, enjoy an open-concept layout

    Fred Grizotte Paiva Real Estate Services, LLC

    Section Image
  • 11 Rocliffe St, Fall River, MA 02723

    $495,000 Sold Jan 30, 2025

    • 3 Beds
    • 2.5 Baths
    • 1,640 Sq Ft
    • 11 Rocliffe St
    • Fall River, MA

    NEW CONSTRUCTION -To be completed mid-January 2025. Contemporary colonial house. Featuring an open floor plan connecting the living room, kitchen, and dining areas. The second floor features a primary bedroom with a walk-in closet and a full bathroom. Hardwood flooring throughout the whole house and quartz countertops for the kitchen and all bathrooms. Total of 3 bedrooms, 2 full bathrooms, and a

    Fred Grizotte Paiva Real Estate Services, LLC

  • 743 Rodman St, Fall River, MA 02721

    $745,000 Sold Jul 18, 2025

    • 9 Beds
    • 3 Baths
    • 2,650 Sq Ft
    • 743 Rodman St
    • Fall River, MA

    OFFERS DUE 04/01, HIGHEST AND BEST BY 5:00 p.m!!! Great investment property in the heart of Fall River. Massive building in which all three units are 3 bedrooms with double parlors. Second floor is vacant and ready for owner-occupancy! Located on a corner lot and offers off street parking. Close to all major highways and surrounded by new and up-coming residential developments.

    Fred Grizotte Paiva Real Estate Services, LLC

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73419351

MLS Property Information Network (MLS PIN)