$930,000
SOLD SEP 16, 2024
17 Beds
9 Baths
9,149 Sq Ft
5,724 Sq Ft Lot

Recently Sold

$102 Per Sq Ft

19% Below List Price

109 Days on Market

Highlights

  • Granite Flooring
  • Park
  • Coin Laundry
  • Property is near public transit
  • Shops
  • Level Lot

About This Home

As of September 2024

Fully rented, Cash-flowing 8-unit in the sought after city of New Bedford, located in a North end neighborhood close to highways & the upcoming MBTA train station to Boston. This Cash Cow property would be a great addition to anyones portfolio, featuring all 3 bedroom, 1 bath (1 unit has 2 bathrooms), deleaded units with seperate utilities & off street parking. With very limited inventory of properties for sale, this is your opportunity to invest in this growing city before the train is up and running.

Last Agent to Sell the Property

Ronald Oliveira

RE/MAX Vantage Listed on: 03/13/2024

RE/MAX Vantage

Co-Listed By

Michael Sousa

RE/MAX Vantage

Last Buyer's Agent

Ronald Oliveira

RE/MAX Vantage Listed on: 03/13/2024

RE/MAX Vantage

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,719

Year Built

  • Built in 1900

Lot Details

  • 5,724 Sq Ft Lot
  • Level Lot

Home Design

  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 9,149 Sq Ft Home
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Granite

Bedrooms and Bathrooms

  • 17 Bedrooms
  • 9 Full Bathrooms

Parking

  • 6 Car Parking Spaces
  • Open Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Listing and Financial Details

  • Total Actual Rent $7,100
  • Assessor Parcel Number M:0093 L:0017,2898465

Community Details

Overview

  • 8 Units
  • Property has 1 Level

Amenities

  • Shops
  • Coin Laundry

Recreation

  • Park

Building Details

  • Net Operating Income $54,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,719

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1900
  • Buyer Agency: 2
  • Transaction Broker: 0
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 9

Interior Features

  • Flooring: Wood
  • Fireplace YN: No
  • Total Bedrooms: 17
  • Full Bathrooms: 9
  • Total Bathrooms: 9
  • Total Bathrooms: 9
  • Basement: Full
  • Living Area: 9149
  • Spa YN: No
  • Stories Total: 9
  • MAIN LO: AN3217
  • LIST PRICE PER Sq Ft: 120.23
  • PRICE PER Sq Ft: 101.65
  • MAIN SO: AN3217

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Granite
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Off Street
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Electric: Circuit Breakers
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Laundromat, Highway Access, House of Worship, Public School
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0093 L:0017,2898465
  • Zoning: MUB
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Size Sq Ft: 5724
  • Lot Size Units: Acres
  • PAGE: 176
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 8719
  • Tax Book Number: 7282

Multi Family

  • Gross Income: 54000
  • Net Operating Income: 54000
  • Number Of Units Total: 8
  • Total Actual Rent: 7100
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 2
  • FLRS 3: 2
  • FLRS 2: 1

Range of Values:

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Sold Price
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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
06/03/2025 06/03/25 For Sale $1,200,000 +29.0% $131 / Sq Ft
09/16/2024 09/16/24 Sold $930,000 -15.5% $102 / Sq Ft
07/01/2024 07/01/24 Pending -- -- --
05/08/2024 05/08/24 Price Changed $1,100,000 -2.7% $120 / Sq Ft
04/05/2024 04/05/24 Price Changed $1,130,000 -1.7% $124 / Sq Ft
03/13/2024 03/13/24 For Sale $1,150,000 -- $126 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73212016

MLS Property Information Network (MLS PIN)