$680,000
SOLD NOV 15, 2024

1650 Acushnet Ave New Bedford, MA 02746

Riverside Park Neighborhood
9 Beds
6 Baths
4,458 Sq Ft
2,888 Sq Ft Lot

Recently Sold

$153 Per Sq Ft

6% Above List Price

6 Days on Market

Highlights

  • Medical Services
  • Living Room
  • Baseboard Heating
  • Property is near public transit
  • Park
  • Coin Laundry

About This Home

As of November 2024

Investors Take Notice! This is your chance to score big with a spacious and unique 6-family home that practically prints money! Located in a booming area near public transportation, shopping, and with easy highway access, this gem is a rare find—especially with a train station coming to town soon! The property is well-maintained with separate utilities, natural gas, and a roof that's only ten years young—giving you that extra peace of mind. Inside, you'll find coin-operated laundry in the basement and modern vinyl replacement windows that flood the units with natural light. With three two-bedroom units and three one-bedroom units, this property has serious income potential. Two units have been recently remodeled, making this a prime opportunity for anyone looking to generate solid cash flow. Don’t let this cash cow slip through your fingers!

Last Agent to Sell the Property

Luis Martins

RE/MAX Synergy Listed on: 09/03/2024

RE/MAX Synergy

Last Buyer's Agent

Louis Depena

Team Zingales Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,777

Year Built

  • Built in 1894

Lot Details

  • 2,888 Sq Ft Lot

Home Design

  • Stone Foundation
  • Frame Construction

Interior Spaces

  • 4,458 Sq Ft Home
  • Living Room
  • Range<<rangeHoodToken>>

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Full Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Block Basement Construction

Parking

  • 3 Car Parking Spaces
  • On-Street Parking
  • Open Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Space Heater
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $4,725
  • Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
  • Assessor Parcel Number M:0106 L:0251,2900415

Community Details

Overview

  • 6 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Coin Laundry

Recreation

  • Park

Building Details

  • Net Operating Income $66,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,777

Year Built

Built in 1894

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1894
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 9

Interior Features

  • Flooring: Varies
  • Interior Amenities: Living Room, Kitchen
  • Fireplace YN: No
  • Appliances: Range, Refrigerator
  • Total Bedrooms: 9
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Total Bathrooms: 6
  • Basement: Full, Walk-Out Access, Interior Entry, Concrete, Unfinished
  • Living Area: 4458
  • Spa YN: No
  • Stories Total: 9
  • MAIN LO: AN3531
  • LIST PRICE PER Sq Ft: 143.54
  • PRICE PER Sq Ft: 152.53
  • MAIN SO: AN7143

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Off Street, On Street
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Utilities: Varies per Unit
  • Heating: Baseboard, Natural Gas, Space Heater
  • Electric: Circuit Breakers, Individually Metered, Varies per Unit
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 6
  • COOLING ZONES: 0
  • Hot Water: Varies Per Unit

Condo/Co-op/Association

  • Community Features: Public Transportation, Park, Medical Facility, Laundromat, Highway Access, Public School
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0106 L:0251,2900415
  • Zoning: MUB
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.07
  • Lot Size Area: 0.07
  • Lot Size Sq Ft: 2888
  • Lot Size Units: Acres
  • PAGE: 111
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient: Varies per Unit

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 5777
  • Tax Book Number: 13803

Multi Family

  • Gross Income: 76800
  • Net Operating Income: 66600
  • Number Of Units Total: 6
  • Total Actual Rent: 4725
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 4: 1
  • FLRS 3: 3
  • FLRS 2: 2

Range of Values:

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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
11/15/2024 11/15/24 Sold $680,000 +6.3% $153 / Sq Ft
09/09/2024 09/09/24 Pending -- -- --
09/03/2024 09/03/24 For Sale $639,900 +64.1% $144 / Sq Ft
05/07/2021 05/07/21 Sold $390,000 +4.0% $87 / Sq Ft
03/09/2021 03/09/21 Pending -- -- --
03/02/2021 03/02/21 For Sale $375,000 -- $84 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Luis Martins

    Seller's Agent in 2024

    Luis Martins

    RE/MAX

    (774) 360-1997

    5 in this area

    394 Total Sales

    Luis Martins
    Section Image

  • L

    Buyer's Agent in 2024

    Louis Depena

    Team Zingales Realty, LLC

    (888) 832-6910

    1 in this area

    26 Total Sales

    Louis Depena
    Section Image

  • D

    Seller's Agent in 2021

    Daniel Gouveia

    Keller Williams Realty

    (508) 326-8956

    3 in this area

    326 Total Sales

    Daniel Gouveia
    Section Image
  • Eric Carusi

    Buyer's Agent in 2021

    Eric Carusi

    Keller Williams South Watuppa

    (508) 561-9516

    1 in this area

    17 Total Sales

    Eric Carusi
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73284277

MLS Property Information Network (MLS PIN)

Massachusetts Bristol County New Bedford 02746 Riverside Park

1650 Acushnet Ave, New Bedford, MA

This home is located at 1650 Acushnet Ave, New Bedford, MA 02746 and is currently priced at $680,000, approximately $152 per square foot. This property was built in 1894. 1650 Acushnet Ave is a home located in Bristol County with nearby schools including Abraham Lincoln Elementary School, Normandin Middle School, and New Bedford High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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